Finolex Cables (LUX:FINOL) Interest Expense : $-0.2 Mil (TTM As of Mar. 2024)

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What is Finolex Cables Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Finolex Cables's interest expense for the three months ended in Mar. 2024 was $ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.2 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. Finolex Cables's Operating Income for the three months ended in Mar. 2024 was $ 18.1 Mil. Finolex Cables's Interest Expense for the three months ended in Mar. 2024 was $ -0.1 Mil. Finolex Cables's Interest Coverage for the quarter that ended in Mar. 2024 was 170.75. 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.

Finolex Cables Interest Expense Historical Data

The historical data trend for Finolex Cables'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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Finolex Cables Interest Expense Chart

Finolex Cables Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.21

-0.10

-0.20

-0.15

-0.25

Finolex Cables 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															-0.10	-0.04	-0.05	-0.05	-0.11

Finolex Cables 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 $-0.2 Mil.

Finolex Cables (LUX:FINOL) 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.

Finolex Cables's Interest Expense for the three months ended in Mar. 2024 was $-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was $18.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1.8 Mil.

Finolex Cables'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	*	18.099	/	-0.106
	=	170.75

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

Finolex Cables (LUX:FINOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Finolex Cables Ltd (LUX:FINOL) » Definitions » Interest Expense

Traded in Other Exchanges

FINCABLES:India 500144:India

Address

26-27 Mumbai-Pune Road, Pimpri, Pune, MH, IND, 411018

Website

https://finolex.com

Finolex Cables Ltd is an electronic components company. The operating segments of the group are Electrical cables, Communication cables, Copper rods and Others - Trading of Electrical and other goods. It derives a majority of revenue from the Electrical cables segment. The group offers products like Wires and cables, Optical fibre cables, Switches, LED lightings, Fans, MCB, Water heater and other products. Geographically the business presence of the firm can be seen in the Indian and International market.

Finolex Cables (LUX:FINOL) Headlines

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