Rajasthan Tube Manufacturing Co (BOM:530253) Interest Expense : ₹-13.4 Mil (TTM As of Mar. 2024)

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What is Rajasthan Tube Manufacturing Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rajasthan Tube Manufacturing Co's interest expense for the three months ended in Mar. 2024 was ₹ -3.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-13.4 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. Rajasthan Tube Manufacturing Co's Operating Income for the three months ended in Mar. 2024 was ₹ 3.3 Mil. Rajasthan Tube Manufacturing Co's Interest Expense for the three months ended in Mar. 2024 was ₹ -3.5 Mil. Rajasthan Tube Manufacturing Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.96. 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.

Rajasthan Tube Manufacturing Co Interest Expense Historical Data

The historical data trend for Rajasthan Tube Manufacturing Co'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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Rajasthan Tube Manufacturing Co Interest Expense Chart

Rajasthan Tube Manufacturing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-14.74

-13.39

-13.87

-12.68

-13.36

Rajasthan Tube Manufacturing Co 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															-4.14	-2.99	-3.27	-3.63	-3.47

Rajasthan Tube Manufacturing Co 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 ₹-13.4 Mil.

Rajasthan Tube Manufacturing Co (BOM:530253) 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.

Rajasthan Tube Manufacturing Co's Interest Expense for the three months ended in Mar. 2024 was ₹-3.5 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹3.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹9.1 Mil.

Rajasthan Tube Manufacturing Co'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	*	3.343	/	-3.468
	=	0.96

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

Rajasthan Tube Manufacturing Co (BOM:530253) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rajasthan Tube Manufacturing Co Ltd (BOM:530253) » Definitions » Interest Expense

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Address

Maharkala Road, Jatawali Mod, 28-37, Banke Bihari Industrial Area, Village Dehra, Teh. Chomu, Jaipur, RJ, IND, 303806

Website

https://www.rajtube.com

Rajasthan Tube Manufacturing Co Ltd manufactures and trades in steel tubes, pipes, and sheets in India. It offers Electric Resistance Welding (ERW) steel black pipes, ERW steel galvanized pipes, and hot rolled steel sheets. Its steel black and galvanized steel pipes/tubes are used in various applications, such as water pipelines, water mains, sewerage systems, industrial water lines, crude oil piping, and cross-country pipelines. Its hot rolled steel sheets are used in making tubular products, including hot rolled coils, pipes, LPG cylinders, shuttering plates, and off late in the construction sector; as a component in the making of pressure vessels, in buildings, and hull and steel structures, as well as in boiler usage; and making critical safety parts and automobile suspension.

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