Rhetan TMT (BOM:543590) Interest Expense : ₹-15.3 Mil (TTM As of Mar. 2024)

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What is Rhetan TMT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rhetan TMT's interest expense for the six months ended in Mar. 2024 was ₹ -8.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-15.3 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. Rhetan TMT's Operating Income for the six months ended in Mar. 2024 was ₹ 39.9 Mil. Rhetan TMT's Interest Expense for the six months ended in Mar. 2024 was ₹ -8.1 Mil. Rhetan TMT's Interest Coverage for the quarter that ended in Mar. 2024 was 4.95. 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.

Rhetan TMT Interest Expense Historical Data

The historical data trend for Rhetan TMT'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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Rhetan TMT Interest Expense Chart

Rhetan TMT Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

-2.96

-9.36

-12.04

-12.97

-15.26

Rhetan TMT Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial			-5.82	-6.52	-6.45	-7.20	-8.06

Rhetan TMT 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 ₹-15.3 Mil.

Rhetan TMT (BOM:543590) 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.

Rhetan TMT's Interest Expense for the six months ended in Mar. 2024 was ₹-8.1 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹39.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹12.4 Mil.

Rhetan TMT'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	*	39.852	/	-8.059
	=	4.95

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

Rhetan TMT (BOM:543590) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rhetan TMT Ltd (BOM:543590) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Rasala Marg, Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Ahmedabad, GJ, IND, 380006

Website

http://www.rhetan.com

Rhetan TMT Ltd manufactures TMT Bars and Round Bars which are used in the construction industry. The products are used in the construction of dams, bridges, residential and commercial towers, and the majority of infrastructure projects in Gujarat.

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