MMP Industries (NSE:MMP) Interest Expense : ₹-60 Mil (TTM As of Dec. 2023)

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What is MMP Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MMP Industries's interest expense for the three months ended in Dec. 2023 was ₹ -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-60 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. MMP Industries's Operating Income for the three months ended in Dec. 2023 was ₹ 111 Mil. MMP Industries's Interest Expense for the three months ended in Dec. 2023 was ₹ -20 Mil. MMP Industries's Interest Coverage for the quarter that ended in Dec. 2023 was 5.45. 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.

MMP Industries Interest Expense Historical Data

The historical data trend for MMP 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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MMP Industries Interest Expense Chart

MMP Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-23.88

-21.62

-16.96

-36.32

-44.64

MMP Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-11.26	-12.25	-11.91	-15.93	-20.31

MMP 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-60 Mil.

MMP Industries (NSE:MMP) 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.

MMP Industries's Interest Expense for the three months ended in Dec. 2023 was ₹-20 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹111 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

MMP Industries's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	110.773	/	-20.313
	=	5.45

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

MMP Industries (NSE:MMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MMP Industries Ltd (NSE:MMP) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

B-24, Hingna Road, MIDC Area, Hingna Industrial Estate, Hingna, Nagpur, MH, IND, 440016

Website

https://www.mmpil.com

MMP Industries Ltd is an Indian company engaged in manufacturing aluminum powders, aluminum pastes, and aluminum conductors. The products of the company are used in the construction industry. Its segments are Aluminium Powder and Paste; Aluminium Foil, Aluminium Conductor and Others. The business is spread across Europe, the Middle East, Africa and the Asia Pacific. The company generates the majority of its revenue from the Aluminium Powder and Paste segment.