PI Industries (NSE:PIIND) Interest Expense : ₹-300 Mil (TTM As of Mar. 2024)

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What is PI Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PI Industries's interest expense for the three months ended in Mar. 2024 was ₹ -109 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-300 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. PI Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 3,787 Mil. PI Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -109 Mil. PI Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 34.74. 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.

PI Industries Interest Expense Historical Data

The historical data trend for PI 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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PI Industries Interest Expense Chart

PI Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-187.00

-281.00

-128.00

-371.00

-300.00

PI Industries 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															-33.00	-43.00	-78.00	-70.00	-109.00

PI 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 ₹-300 Mil.

PI Industries (NSE:PIIND) 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.

PI Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-109 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹3,787 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,055 Mil.

PI 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	*	3787	/	-109
	=	34.74

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

PI Industries (NSE:PIIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » PI Industries Ltd (NSE:PIIND) » Definitions » Interest Expense

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523642:India

Address

5th floor, Vipul Square, Phase I, 5th Floor, B-Block, Sushant Lok, Gurugram, HR, IND, 122009

Website

https://www.piindustries.com

PI Industries Ltd manufactures, distributes, and sells agrochemicals, specialty fertilizers, and seeds to the agriculture industry. The firm's agrochemicals portfolio includes insecticides, fungicides, and plant health products. The company competes on price with the manufacture and sale of generic products. PI Industries reports sales across two Geographical segments: within India and outside India. The outside India the firm holds business division primarily in Japan, Germany, and China. In India, the firm sells its products through a large network of distributors and retail outlets. The Group has one reportable business segment which is Agro Chemicals.

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