Modern Steels (BOM:513303) Interest Expense : ₹0.00 Mil (TTM As of Mar. 2024)

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What is Modern Steels Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Modern Steels's interest expense for the three months ended in Mar. 2024 was ₹ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹0.00 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. Modern Steels's Operating Income for the three months ended in Mar. 2024 was ₹ -2.60 Mil. Modern Steels's Interest Expense for the three months ended in Mar. 2024 was ₹ 0.00 Mil. Modern Steels has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Modern Steels Interest Expense Historical Data

The historical data trend for Modern Steels'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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Modern Steels Interest Expense Chart

Modern Steels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-3.90

-4.60

-8.62

-2.40

Modern Steels Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															0.10	-	-	-	-

Modern Steels 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0.00 Mil.

Modern Steels (BOM:513303) 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.

Modern Steels's Interest Expense for the three months ended in Mar. 2024 was ₹0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-2.60 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0.00 Mil.

Modern Steels's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Modern Steels had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Modern Steels Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Modern Steels (BOM:513303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Modern Steels Ltd (BOM:513303) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

SCO 98-99, Sub City Centre, Sector 34, Chandigarh, IND, 160022

Website

https://www.modernsteels.com

Modern Steels Ltd is an Indian company that is engaged in manufacturing steel rolled products. Its product line includes alloy bars and rounds, non-alloy bars and rounds, auto components, and others.

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