Upsurge Investment & Finance (BOM:531390) Interest Expense : ₹-1.4 Mil (TTM As of Mar. 2024)

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What is Upsurge Investment & Finance Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Upsurge Investment & Finance's interest expense for the three months ended in Mar. 2024 was ₹ -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1.4 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. Upsurge Investment & Finance's Operating Income for the three months ended in Mar. 2024 was ₹ 33.3 Mil. Upsurge Investment & Finance's Interest Expense for the three months ended in Mar. 2024 was ₹ -0.4 Mil. Upsurge Investment & Finance's Interest Coverage for the quarter that ended in Mar. 2024 was 77.05. 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.

Upsurge Investment & Finance Interest Expense Historical Data

The historical data trend for Upsurge Investment & Finance'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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Upsurge Investment & Finance Interest Expense Chart

Upsurge Investment & Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.72

-1.29

-1.50

-1.65

-1.40

Upsurge Investment & Finance 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															-0.77	-0.32	-0.32	-0.32	-0.43

Upsurge Investment & Finance 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 ₹-1.4 Mil.

Upsurge Investment & Finance (BOM:531390) 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.

Upsurge Investment & Finance's Interest Expense for the three months ended in Mar. 2024 was ₹-0.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹33.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹32.0 Mil.

Upsurge Investment & Finance'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	*	33.285	/	-0.432
	=	77.05

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Upsurge Investment & Finance Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Upsurge Investment & Finance (BOM:531390) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Upsurge Investment & Finance Ltd (BOM:531390) » Definitions » Interest Expense

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Address

Off New Link Road, Behind Crystal Plaza, Office No. 303, Morya Landmark-I, Andheri (West), Mumbai, MH, IND, 400053

Website

https://www.upsurgeinvestment.com

Upsurge Investment & Finance Ltd is a non-banking finance company. It is mainly engaged in the business of investment and finance. In addition, the company is actively investing in primary and secondary markets. The company operates mainly in the business segment of fund based financing activity. It provides a wide range of services including corporate finance, gold loans, real estate mortgage finance, and loans against shares and securities.

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