Gujarat Hy-Spin (BOM:540938) Interest Expense : ₹-11.2 Mil (TTM As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Gujarat Hy-Spin Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gujarat Hy-Spin's interest expense for the six months ended in Mar. 2024 was ₹ -5.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-11.2 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. Gujarat Hy-Spin's Operating Income for the six months ended in Mar. 2024 was ₹ 7.8 Mil. Gujarat Hy-Spin's Interest Expense for the six months ended in Mar. 2024 was ₹ -5.5 Mil. Gujarat Hy-Spin's Interest Coverage for the quarter that ended in Mar. 2024 was 1.41. 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.

Gujarat Hy-Spin Interest Expense Historical Data

The historical data trend for Gujarat Hy-Spin'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.

Gujarat Hy-Spin Interest Expense Chart

Gujarat Hy-Spin Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

Get a 7-Day Free Trial

-30.16

-29.56

-15.38

-13.49

-11.23

Gujarat Hy-Spin Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial														-6.21	-5.98	-7.51	-5.72	-5.51

Gujarat Hy-Spin 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 semi-annually data reported by the company within the most recent 12 months, which was ₹-11.2 Mil.

Gujarat Hy-Spin (BOM:540938) 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.

Gujarat Hy-Spin's Interest Expense for the six months ended in Mar. 2024 was ₹-5.5 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹7.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹0.0 Mil.

Gujarat Hy-Spin'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	*	7.761	/	-5.511
	=	1.41

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

Gujarat Hy-Spin (BOM:540938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gujarat Hy-Spin Ltd (BOM:540938) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Gundala Road, P. O. Box No. 22, Rajkot District, Gondal, GJ, IND, 360311

Website

http://www.gujarathyspin.com

Gujarat Hy-Spin Ltd operates in the textile industry. Principally, it is engaged in the business of manufacturing cotton yarns as well as trading in cotton and other related items. In addition, it also produces ring yarns. The company sells cotton yarns to dealers who market it to other industrial units for weaving and other purposes. Its products comprise cotton bales, cotton waste, cotton yarn, raw cotton, wash oil, cotton seeds, and others. The company generates maximum revenue through the sale of its cotton yarn product.

Gujarat Hy-Spin (BOM:540938) Headlines

No Headlines