Menon Bearings (BOM:523828) Interest Expense : ₹-33 Mil (TTM As of Mar. 2024)

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What is Menon Bearings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Menon Bearings's interest expense for the three months ended in Mar. 2024 was ₹ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-33 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. Menon Bearings's Operating Income for the three months ended in Mar. 2024 was ₹ 78 Mil. Menon Bearings's Interest Expense for the three months ended in Mar. 2024 was ₹ -9 Mil. Menon Bearings's Interest Coverage for the quarter that ended in Mar. 2024 was 8.83. 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.

Menon Bearings Interest Expense Historical Data

The historical data trend for Menon Bearings'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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Menon Bearings Interest Expense Chart

Menon Bearings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-43.67

-34.13

-24.53

-29.11

-32.67

Menon Bearings 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															-6.76	-5.82	-8.76	-9.29	-8.81

Menon Bearings 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 ₹-33 Mil.

Menon Bearings (BOM:523828) 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.

Menon Bearings's Interest Expense for the three months ended in Mar. 2024 was ₹-9 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹78 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹202 Mil.

Menon Bearings'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	*	77.759	/	-8.807
	=	8.83

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

Menon Bearings (BOM:523828) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Menon Bearings Ltd (BOM:523828) » Definitions » Interest Expense

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MENONBE:India

Address

G-1, MIDC, Gokul, Shirgaon, Kolhapur, MH, IND, 416 234

Website

https://www.menonbearings.in

Menon Bearings Ltd is engaged in the manufacturing of auto components. The company products include bi-metal Engine bearings, Bushes and Thrust Washers for light and heavy automobile engines, two-wheeler engines as well as compressors for refrigerators, air conditioners, and others. Its bearing products include bearings for connecting rods, flanged bearings, and tri-metal bearings. The thrust washers include washers with thrust face contours and ring-type thrust washers. It offers truncated bushes for connecting rods; ball indented bushes; bushes for connecting rods; rocker arms and rock shafts. It has one business segment namely Auto Components.

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