Remi Edelstahl Tubulars (BOM:513043) Interest Expense : ₹-18 Mil (TTM As of Dec. 2023)

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What is Remi Edelstahl Tubulars Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Remi Edelstahl Tubulars's interest expense for the three months ended in Dec. 2023 was ₹ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-18 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Remi Edelstahl Tubulars's Operating Income for the three months ended in Dec. 2023 was ₹ 3 Mil. Remi Edelstahl Tubulars's Interest Expense for the three months ended in Dec. 2023 was ₹ -4 Mil. Remi Edelstahl Tubulars's Interest Coverage for the quarter that ended in Dec. 2023 was 0.87. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Remi Edelstahl Tubulars Interest Expense Historical Data

The historical data trend for Remi Edelstahl Tubulars's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Remi Edelstahl Tubulars Interest Expense Chart

Remi Edelstahl Tubulars Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-38.05

-32.14

-14.60

-15.79

-18.65

Remi Edelstahl Tubulars Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-4.61	-7.21	-3.52	-3.19	-4.00

Remi Edelstahl Tubulars Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-18 Mil.

Remi Edelstahl Tubulars (BOM:513043) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Remi Edelstahl Tubulars's Interest Expense for the three months ended in Dec. 2023 was ₹-4 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Remi Edelstahl Tubulars's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	3.471	/	-4.001
	=	0.87

The higher the ratio, the stronger the company's financial strength is.

Remi Edelstahl Tubulars (BOM:513043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Remi Edelstahl Tubulars Ltd (BOM:513043) » Definitions » Interest Expense

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Address

Walbhat Road, Plot No. 11, Remi House, 11 Cama Industrial Estate, Goregaon (East), Mumbai, MH, IND, 400 063

Website

http://www.remigroup.com

Remi Edelstahl Tubulars Ltd is engaged in the business of manufacturing Stainless Steel Pipes and Tubes. In addition, it is also involved in the sale of wind power and Stainless steel goods. The company caters to both domestic and international markets, of which key revenue is derived from the sales made in India.

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