Tega Industries (BOM:543413) Interest Expense : ₹-320 Mil (TTM As of Mar. 2024)

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What is Tega Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tega Industries's interest expense for the three months ended in Mar. 2024 was ₹ -73 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-320 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. Tega Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 1,165 Mil. Tega Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -73 Mil. Tega Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 15.89. 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.

Tega Industries Interest Expense Historical Data

The historical data trend for Tega 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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Tega Industries Interest Expense Chart

Tega Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-187.34

-133.30

-98.43

-181.20

-319.54

Tega Industries Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial											-31.89	-81.80	-89.29	-75.14	-73.31

Tega 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 ₹-320 Mil.

Tega Industries (BOM:543413) 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.

Tega Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-73 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹1,165 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,659 Mil.

Tega Industries'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	*	1164.81	/	-73.31
	=	15.89

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

Tega Industries (BOM:543413) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tega Industries Ltd (BOM:543413) » Definitions » Interest Expense

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TEGA:India

Address

Godrej Waterside, Tower-II, Ring Rd, Office No 807, 8th Floor, Block DP-5, Salt Lake Sector V, Bidhannagar, Kolkata, WB, IND, 700 091

Website

https://www.tegaindustries.com

Tega Industries Ltd is a manufacturer of specialized consumable products for the mineral beneficiation, mining, and bulk solids handling industry. The company offers a range of specialized abrasion and wear-resistant rubber, polyurethane, steel, and ceramic-based lining components required for mining and mineral processing, screening, grinding, and material handling.

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