Grand Foundry (BOM:513343) Interest Expense : ₹-4.26 Mil (TTM As of Dec. 2023)

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What is Grand Foundry Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grand Foundry's interest expense for the three months ended in Dec. 2023 was ₹ -0.88 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-4.26 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. Grand Foundry's Operating Income for the three months ended in Dec. 2023 was ₹ -0.75 Mil. Grand Foundry's Interest Expense for the three months ended in Dec. 2023 was ₹ -0.88 Mil. Grand Foundry did not have earnings to cover the interest expense. 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.

Grand Foundry Interest Expense Historical Data

The historical data trend for Grand Foundry'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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Grand Foundry Interest Expense Chart

Grand Foundry Annual Data

Trend

Mar12

Mar15

Mar16

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Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-2.42

-0.10

-0.02

-1.70

Grand Foundry 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															-	-1.68	-	-1.70	-0.88

Grand Foundry 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 ₹-4.26 Mil.

Grand Foundry (BOM:513343) 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.

Grand Foundry's Interest Expense for the three months ended in Dec. 2023 was ₹-0.88 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹-0.75 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.00 Mil.

Grand Foundry's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Grand Foundry did not have earnings to cover the interest expense.

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

Grand Foundry (BOM:513343) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Grand Foundry Ltd (BOM:513343) » Definitions » Interest Expense

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GFSTEELS:India

Address

Sanjay Appa Chambers, 302, Cabin No.1, Plot No. 82 Behind Charat Singh Colony, Chakala Midc, Andheri East, MH, IND, 400093

Website

https://www.gfsteel.co.in

Grand Foundry Ltd is engaged in the manufacturing of bright steel bars and wires. The company offers various heat treatment processes and supplies commercial lots of heat-treated bars to specific standards in the international market American, and German standards. Its products are utilized for various applications in the engineering industries, including petrochemical, oil and natural gas, and automotive industries.

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