Surani Steel Tubes (NSE:SURANI) Interest Expense : ₹-6 Mil (TTM As of Sep. 2023)

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What is Surani Steel Tubes Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Surani Steel Tubes's interest expense for the six months ended in Sep. 2023 was ₹ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-6 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. Surani Steel Tubes's Operating Income for the six months ended in Sep. 2023 was ₹ -14 Mil. Surani Steel Tubes's Interest Expense for the six months ended in Sep. 2023 was ₹ -1 Mil. Surani Steel Tubes did not have earnings to cover the interest expense. 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.

Surani Steel Tubes Interest Expense Historical Data

The historical data trend for Surani Steel Tubes'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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Surani Steel Tubes Interest Expense Chart

Surani Steel Tubes Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-8.43

-19.57

-19.40

-16.02

-10.16

Surani Steel Tubes Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial										-10.05	-	-5.14	-5.01	-1.07

Surani Steel Tubes 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-6 Mil.

Surani Steel Tubes (NSE:SURANI) 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.

Surani Steel Tubes's Interest Expense for the six months ended in Sep. 2023 was ₹-1 Mil. Its Operating Income for the six months ended in Sep. 2023 was ₹-14 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was ₹0 Mil.

Surani Steel Tubes's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Surani Steel Tubes did not have earnings to cover the interest expense.

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

Surani Steel Tubes (NSE:SURANI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Surani Steel Tubes Ltd (NSE:SURANI) » Definitions » Interest Expense

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Address

Bayad Road, Sr. No. 110,115, Opposite Vinayak TMT, Village Sampa, Taluka Dahegam, Gandhinagar, GJ, IND, 382315

Website

https://www.suranisteel.com

Surani Steel Tubes Ltd is engaged in manufacturing and supplying ERW pipes and steel tubes. The company operates a single segment named manufacturing ERW MS PIPES and trading of MS PIPE. The company's products include ERW Round Pipes and Tubes, Square and Rectangle Hollow Sections, MS Slit Coils and Strips, Hot Roll Coils, and Brochures. Geographically, it operates only in India.

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