HMA Agro Industries (NSE:HMAAGRO) Interest Expense : ₹-136 Mil (TTM As of Mar. 2024)

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What is HMA Agro Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. HMA Agro Industries's interest expense for the six months ended in Mar. 2024 was ₹ -64 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-136 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. HMA Agro Industries's Operating Income for the six months ended in Mar. 2024 was ₹ 297 Mil. HMA Agro Industries's Interest Expense for the six months ended in Mar. 2024 was ₹ -64 Mil. HMA Agro Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 4.65. 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.

HMA Agro Industries Interest Expense Historical Data

The historical data trend for HMA Agro 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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HMA Agro Industries Interest Expense Chart

HMA Agro Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-63.94

-38.50

-65.65

-111.68

-135.98

HMA Agro Industries Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial				-31.01	-59.68	-52.00	-72.01	-63.97

HMA Agro 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 semi-annually data reported by the company within the most recent 12 months, which was ₹-136 Mil.

HMA Agro Industries (NSE:HMAAGRO) 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.

HMA Agro Industries's Interest Expense for the six months ended in Mar. 2024 was ₹-64 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹297 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹295 Mil.

HMA Agro 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	*	297.34	/	-63.97
	=	4.65

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

HMA Agro Industries (NSE:HMAAGRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » HMA Agro Industries Ltd (NSE:HMAAGRO) » Definitions » Interest Expense

Traded in Other Exchanges

543929:India

Address

Fatehabad Road, 18-A/5/3 Tajview Crossing, Agra, UP, IND, 282001

Website

https://www.hmagroup.co

HMA Agro Industries Ltd is engaged in the business of manufacturing and exporting Buffalo Frozen Meat and Meat Products. Its core products are frozen fresh deglanded Buffalo Meat.

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