Prashant India (BOM:519014) Interest Expense : ₹0.02 Mil (TTM As of Dec. 2023)

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What is Prashant India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prashant India's interest expense for the three months ended in Dec. 2023 was ₹ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹0.02 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. Prashant India's Operating Income for the three months ended in Dec. 2023 was ₹ -0.21 Mil. Prashant India's Interest Expense for the three months ended in Dec. 2023 was ₹ 0.00 Mil. Prashant India 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.

Prashant India Interest Expense Historical Data

The historical data trend for Prashant India'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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Prashant India Interest Expense Chart

Prashant India Annual Data

Trend

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Interest Expense

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-0.01

-0.02

Prashant India 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															-0.02	0.02	-	-	-

Prashant India 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 ₹0.02 Mil.

Prashant India (BOM:519014) 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.

Prashant India's Interest Expense for the three months ended in Dec. 2023 was ₹0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹-0.21 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.00 Mil.

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

Prashant India had no long-term debt ⁽¹⁾.

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

Prashant India (BOM:519014) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Prashant India Ltd (BOM:519014) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Palsana Char Rasta, National Highway No. 8, Block Number 456, Palsana, Surat, GJ, IND, 394 315

Website

http://www.prashantindia.info

Prashant India Ltd is an India-based company. It carries on the business as a manufacturer, seller, and exporter of Agro Products, Textiles, and Wind Power Generation. The company's operating segment includes Textile and Wind Farm. It generates maximum revenue from the textile segment.

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