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India Nippon Electricals (BOM:532240) Interest Expense : ₹-4 Mil (TTM As of Mar. 2024)


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What is India Nippon Electricals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. India Nippon Electricals's interest expense for the three months ended in Mar. 2024 was ₹ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-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. India Nippon Electricals's Operating Income for the three months ended in Mar. 2024 was ₹ 178 Mil. India Nippon Electricals's Interest Expense for the three months ended in Mar. 2024 was ₹ -1 Mil. India Nippon Electricals's Interest Coverage for the quarter that ended in Mar. 2024 was 197.67. 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.

India Nippon Electricals Interest Expense Historical Data

The historical data trend for India Nippon Electricals'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.

* Premium members only.

India Nippon Electricals Interest Expense Chart

India Nippon Electricals Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.10 -4.87 -4.30 -4.20 -3.90

India Nippon Electricals 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.00 -1.00 -1.00 -1.00 -0.90

India Nippon Electricals 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 ₹-4 Mil.

* 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.

India Nippon Electricals  (BOM:532240) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

India Nippon Electricals's Interest Expense for the three months ended in Mar. 2024 was ₹-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹178 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹21 Mil.

India Nippon Electricals'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*177.9/-0.9
=197.67

* 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.

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. India Nippon Electricals Ltd has enough cash to cover all of its debt. Its financial situation is stable.

India Nippon Electricals (BOM:532240) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » India Nippon Electricals Ltd (BOM:532240) » Definitions » Interest Expense
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Traded in Other Exchanges
INDNIPPON:India
Address
No. 11 and 13, (Old No. 6 and 7) Patullos Road, Chennai, TN, IND, 600002
Website
https://www.indianippon.com
India Nippon Electricals Ltd is an India based company, engages in the business of manufacturing electronic ignition systems for two-wheelers, three-wheelers, and portable engines. The company offers AC generator products, such as flywheel magneto, stator, and rotor products, as well as CDI and TCI products, regulator and rectifier units, ignition coils, exhaust gas recirculation controllers, engine controller units, auto choke-generation purpose engines, dual output ignition products, non-contact and contact type throttle position sensors, and PM alternators. Geographically, it derives a majority of revenue from India.

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