Taneja Aerospace & Aviation (BOM:522229) Interest Expense : ₹-3.3 Mil (TTM As of Mar. 2024)

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What is Taneja Aerospace & Aviation Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Taneja Aerospace & Aviation's interest expense for the three months ended in Mar. 2024 was ₹ -1.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-3.3 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. Taneja Aerospace & Aviation's Operating Income for the three months ended in Mar. 2024 was ₹ 35.2 Mil. Taneja Aerospace & Aviation's Interest Expense for the three months ended in Mar. 2024 was ₹ -1.2 Mil. Taneja Aerospace & Aviation's Interest Coverage for the quarter that ended in Mar. 2024 was 30.49. 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.

Taneja Aerospace & Aviation Interest Expense Historical Data

The historical data trend for Taneja Aerospace & Aviation'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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Taneja Aerospace & Aviation Interest Expense Chart

Taneja Aerospace & Aviation Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-32.29

-18.56

-5.81

-6.63

-4.78

Taneja Aerospace & Aviation Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-1.49	-1.27	-1.07	-1.08	-1.16

Taneja Aerospace & Aviation 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 ₹-3.3 Mil.

Taneja Aerospace & Aviation (BOM:522229) 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.

Taneja Aerospace & Aviation's Interest Expense for the three months ended in Mar. 2024 was ₹-1.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹35.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0.0 Mil.

Taneja Aerospace & Aviation'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	*	35.217	/	-1.155
	=	30.49

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

Taneja Aerospace & Aviation (BOM:522229) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Taneja Aerospace & Aviation Ltd (BOM:522229) » Definitions » Interest Expense

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Address

Belagondapalli Village, Thally Road, Denkanikottai Taluk, Krishnagiri District, Belagondapalli, TN, IND, 635 114

Website

http://www.taal.co.in

Taneja Aerospace & Aviation Ltd is engaged in the manufacturing and sale of parts and components to the aviation industry, providing services related to airfield and MRO, and allied services. The Company operates only in one segment which is Aerospace and aviation. It generates maximum revenue from the Aviation segment. The company derives maximum revenue from Domestic sales as well from services such as Rental income and other maintenance services.

Taneja Aerospace & Aviation (BOM:522229) Headlines

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