Salasar Techno Engineering (NSE:SALASAR) Interest Expense : ₹-437 Mil (TTM As of Mar. 2024)

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What is Salasar Techno Engineering Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Salasar Techno Engineering's interest expense for the three months ended in Mar. 2024 was ₹ -129 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-437 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. Salasar Techno Engineering's Operating Income for the three months ended in Mar. 2024 was ₹ 336 Mil. Salasar Techno Engineering's Interest Expense for the three months ended in Mar. 2024 was ₹ -129 Mil. Salasar Techno Engineering's Interest Coverage for the quarter that ended in Mar. 2024 was 2.61. 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.

Salasar Techno Engineering Interest Expense Historical Data

The historical data trend for Salasar Techno Engineering'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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Salasar Techno Engineering Interest Expense Chart

Salasar Techno Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-175.13

-145.82

-188.64

-315.61

-436.59

Salasar Techno Engineering 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															-94.46	-81.90	-106.02	-119.97	-128.70

Salasar Techno Engineering 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 ₹-437 Mil.

Salasar Techno Engineering (NSE:SALASAR) 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.

Salasar Techno Engineering's Interest Expense for the three months ended in Mar. 2024 was ₹-129 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹336 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹407 Mil.

Salasar Techno Engineering'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	*	335.639	/	-128.699
	=	2.61

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

Salasar Techno Engineering (NSE:SALASAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Salasar Techno Engineering Ltd (NSE:SALASAR) » Definitions » Interest Expense

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540642:India

Address

E-20, South Extension I, New Delhi, IND, 110049

Website

https://www.salasartechno.com

Salasar Techno Engineering Ltd is engaged in the manufacturing of galvanized M.S. steel structures and related activities. It is engaged in the manufacturing and fabrication of steel structures for Telecom Towers, Transmission Towers, Utilities Poles, High Mast Poles, Stadium Lighting Poles, Flag Poles, and Smart City Poles Substations Structures, Railway Electrification (OHE), and Solar Module Mounting Structures. The Firm has two reportable segments namely, Steel structure, which derives majority of revenue and comprises manufacturing and sale of Galvanized and Non-galvanized Steel Structures including Telecom Towers, Transmission Line Towers, and Solar Panels; and EPC projects, which comprise survey, supply of materials, design, erection, testing and commissioning on a trunkey basis.

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