Greenpanel Industries (BOM:542857) Interest Expense : ₹-53 Mil (TTM As of Mar. 2024)

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What is Greenpanel Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Greenpanel Industries's interest expense for the three months ended in Mar. 2024 was ₹ 28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-53 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. Greenpanel Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 336 Mil. Greenpanel Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ 28 Mil. Greenpanel Industries 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.

Greenpanel Industries Interest Expense Historical Data

The historical data trend for Greenpanel Industries'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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Greenpanel Industries Interest Expense Chart

Greenpanel Industries Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-267.76

-272.53

-170.98

-85.08

-92.49

Greenpanel Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-113.86	72.98	-19.12	-62.17	28.39

Greenpanel Industries 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 ₹-53 Mil.

Greenpanel Industries (BOM:542857) 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.

Greenpanel Industries's Interest Expense for the three months ended in Mar. 2024 was ₹28 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹336 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹2,592 Mil.

Greenpanel Industries'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.

Greenpanel Industries (BOM:542857) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Greenpanel Industries Ltd (BOM:542857) » Definitions » Interest Expense

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GREENPANEL:India

Address

163, S.P. Mukherjee Road, Thapar House, 2nd Floor, Kolkata, WB, IND, 700 026

Website

https://www.greenpanel.com

Greenpanel Industries Ltd is a manufacturer of wood panels. It offers products such as Medium Density Fibre Boards, Plywood, Block Boards, Veneers, Wood Floors, and Doors. The operating segment of the company includes Plywood and allied products and Medium density fibreboards and allied products. The company generates maximum revenue from Medium density fibreboards and allied products segment. Geographically, it derives a majority of its revenue from India.

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