Sharda Cropchem (BOM:538666) Interest Expense : ₹-36 Mil (TTM As of Mar. 2024)

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What is Sharda Cropchem Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sharda Cropchem's interest expense for the three months ended in Mar. 2024 was ₹ 32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-36 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. Sharda Cropchem's Operating Income for the three months ended in Mar. 2024 was ₹ 7,127 Mil. Sharda Cropchem's Interest Expense for the three months ended in Mar. 2024 was ₹ 32 Mil. Sharda Cropchem did not have earnings to cover the interest expense. 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.

Sharda Cropchem Interest Expense Historical Data

The historical data trend for Sharda Cropchem'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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Sharda Cropchem Interest Expense Chart

Sharda Cropchem Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-16.10

-27.72

-22.13

-45.10

-36.19

Sharda Cropchem 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															-24.77	-12.91	-46.47	-8.99	32.18

Sharda Cropchem 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 ₹-36 Mil.

Sharda Cropchem (BOM:538666) 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.

Sharda Cropchem's Interest Expense for the three months ended in Mar. 2024 was ₹32 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹7,127 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹78 Mil.

Sharda Cropchem's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

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. Sharda Cropchem Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Sharda Cropchem (BOM:538666) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sharda Cropchem Ltd (BOM:538666) » Definitions » Interest Expense

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SHARDACROP:India

Address

Dashrathlal Joshi Road, 2nd Floor, Prime Business Park, Vile Parle (West), Mumbai, MH, IND, 400 056

Website

http://www.shardacropchem.com

Sharda Cropchem Ltd is an agrochemical company based in India. It markets and sells formulations and active ingredients for agricultural purposes world wide through its subsidiaries. its business is obtained from the European continent. Its customers are also spread across North America, Latin America, and the Rest of the world. The company functions through two segments, which are Agrochemicals, and Non Agrochemicals. The company earns its income through the development and sale of agrochemicals such as insecticides, herbicides, fungicides, and biocides. The company also sells conveyor belts and V-belts under the belts segment.

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