Organic Coatings (BOM:531157) Interest Expense : ₹-14.9 Mil (TTM As of Dec. 2023)

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What is Organic Coatings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Organic Coatings's interest expense for the three months ended in Dec. 2023 was ₹ -3.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-14.9 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. Organic Coatings's Operating Income for the three months ended in Dec. 2023 was ₹ 0.9 Mil. Organic Coatings's Interest Expense for the three months ended in Dec. 2023 was ₹ -3.6 Mil. Organic Coatings's Interest Coverage for the quarter that ended in Dec. 2023 was 0.24. 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.

Organic Coatings Interest Expense Historical Data

The historical data trend for Organic Coatings'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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Organic Coatings Interest Expense Chart

Organic Coatings Annual Data

Trend

Mar14

Mar15

Mar16

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Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-11.24

-11.76

-13.88

-14.68

-14.94

Organic Coatings 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															-3.92	-3.84	-4.09	-3.38	-3.59

Organic Coatings 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 ₹-14.9 Mil.

Organic Coatings (BOM:531157) 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.

Organic Coatings's Interest Expense for the three months ended in Dec. 2023 was ₹-3.6 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹0.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.0 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	0.878	/	-3.588
	=	0.24

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Organic Coatings Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Organic Coatings (BOM:531157) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Organic Coatings Ltd (BOM:531157) » Definitions » Interest Expense

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Address

Unit No.405, Atlanta Estate Premises Co-op. Soc. Ltd., Vitth Bhatti, Near Virwani Industrial Estate, Goregaon (East), Mumbai, MH, IND, 400063

Website

http://www.organiccoatingsltd.com

Organic Coatings Ltd is a chemical manufacturing company in India. It is engaged in the business of manufacturing and trading of printing inks and allied products. It offers offset ink products, including web offset publications and heat set inks; UV inks for dry offset, flexo, wet offset-sheetfed and web, and silkscreen applications; water-based flexo inks; Security inks and Specialty Inks. Geographically the company caters its products across India and to other countries. It operates through one segment that is Printing Inks and generates revenue from the same.

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