Vascon Engineers (BOM:533156) Interest Expense : ₹-159 Mil (TTM As of Mar. 2024)

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What is Vascon Engineers Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vascon Engineers's interest expense for the three months ended in Mar. 2024 was ₹ -41 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-159 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. Vascon Engineers's Operating Income for the three months ended in Mar. 2024 was ₹ 137 Mil. Vascon Engineers's Interest Expense for the three months ended in Mar. 2024 was ₹ -41 Mil. Vascon Engineers's Interest Coverage for the quarter that ended in Mar. 2024 was 3.34. 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.

Vascon Engineers Interest Expense Historical Data

The historical data trend for Vascon Engineers'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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Vascon Engineers Interest Expense Chart

Vascon Engineers Annual Data

Trend

Mar15

Mar16

Mar17

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Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-175.79

-250.57

-228.08

-127.90

-159.20

Vascon Engineers 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															-30.60	-32.00	-38.80	-47.30	-41.10

Vascon Engineers 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 ₹-159 Mil.

Vascon Engineers (BOM:533156) 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.

Vascon Engineers's Interest Expense for the three months ended in Mar. 2024 was ₹-41 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹137 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹918 Mil.

Vascon Engineers'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	*	137.3	/	-41.1
	=	3.34

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

Vascon Engineers (BOM:533156) Business Description

Industry

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Traded in Other Exchanges

VASCONEQ:India

Address

Pune - Nagar Road, Vascon Weikfield Chambers, Behind Hotel Novotel, Opposite Hyatt Hotel, Pune, MH, IND, 411014

Website

https://www.vascon.com

Vascon Engineers Ltd is a construction company that is engaged in developing, constructing, and managing different engineering, procurement, and construction (EPC), real estate development and Manufacturing and BMS. The EPC operations of the company, which is the key revenue driver, focus on the residential, commercial, industrial, institutional, hospital, and hospitality sectors. The real estate operations include residential projects like GoodLife, Vista Phase 2, Forest Edge, among others; and commercial projects like Platinum Square Phase 2, Almonte, Phoenix IT Park among others.

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