Pioneer Embroideries (BOM:514300) Interest Expense : ₹-93 Mil (TTM As of Mar. 2024)

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What is Pioneer Embroideries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pioneer Embroideries's interest expense for the three months ended in Mar. 2024 was ₹ -29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-93 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. Pioneer Embroideries's Operating Income for the three months ended in Mar. 2024 was ₹ 34 Mil. Pioneer Embroideries's Interest Expense for the three months ended in Mar. 2024 was ₹ -29 Mil. Pioneer Embroideries's Interest Coverage for the quarter that ended in Mar. 2024 was 1.17. 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.

Pioneer Embroideries Interest Expense Historical Data

The historical data trend for Pioneer Embroideries'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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Pioneer Embroideries Interest Expense Chart

Pioneer Embroideries Annual Data

Trend

Mar15

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Mar24

Interest Expense

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-54.09

-41.62

-27.82

-36.41

-92.64

Pioneer Embroideries 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															-9.91	-9.75	-21.63	-32.03	-29.24

Pioneer Embroideries 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 ₹-93 Mil.

Pioneer Embroideries (BOM:514300) 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.

Pioneer Embroideries's Interest Expense for the three months ended in Mar. 2024 was ₹-29 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹585 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	34.311	/	-29.238
	=	1.17

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

Pioneer Embroideries (BOM:514300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pioneer Embroideries Ltd (BOM:514300) » Definitions » Interest Expense

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PIONEEREMB:India

Address

3-A Udyog Nagar, Off S. V. Road, 2nd Floor, Orient House, Unit No. 21 to 25, Goregaon (West), Mumbai, MH, IND, 400062

Website

https://www.pelhakoba.com

Pioneer Embroideries Ltd is a manufacturer and exporter of Dope Dyed Polyester Yarn (DDPY), Embroidery and Lace Products. It has only one operating segment being Textile. The company's products include Dope dyed polyester yarns; embroidered laces, including fabric and guipure, and embroidered dress material; braided laces; embroidered fabrics, allover fabrics, and laces, and crochet laces.

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