H P Cotton Textile Mills (BOM:502873) Interest Expense : ₹-66.7 Mil (TTM As of Mar. 2024)

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What is H P Cotton Textile Mills Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. H P Cotton Textile Mills's interest expense for the three months ended in Mar. 2024 was ₹ -17.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-66.7 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. H P Cotton Textile Mills's Operating Income for the three months ended in Mar. 2024 was ₹ -16.1 Mil. H P Cotton Textile Mills's Interest Expense for the three months ended in Mar. 2024 was ₹ -17.2 Mil. H P Cotton Textile Mills 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.

H P Cotton Textile Mills Interest Expense Historical Data

The historical data trend for H P Cotton Textile Mills'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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H P Cotton Textile Mills Interest Expense Chart

H P Cotton Textile Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-28.77

-19.95

-25.89

-53.50

-66.70

H P Cotton Textile Mills 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															-18.10	-14.60	-16.60	-18.30	-17.20

H P Cotton Textile Mills 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 ₹-66.7 Mil.

H P Cotton Textile Mills (BOM:502873) 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.

H P Cotton Textile Mills's Interest Expense for the three months ended in Mar. 2024 was ₹-17.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-16.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹104.6 Mil.

H P Cotton Textile Mills's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

H P Cotton Textile Mills did not have earnings to cover the interest expense.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. H P Cotton Textile Mills Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

H P Cotton Textile Mills (BOM:502873) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » H P Cotton Textile Mills Ltd (BOM:502873) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

1 & 2, Old Ishwar Nagar, Mathura Road, F (0), The Mira Corporate Suites, New Delhi, IND, 110065

Website

https://www.hpthreads.com

H P Cotton Textile Mills Ltd manufactures cotton yarns and threads and is an exporter of cotton specialty yarns and cotton sewing threads. It manufactures two types of threads namely sewing threads and hosiery yarn. Its product portfolio includes Crocheta Crochet Threads, Peecock Hand Knitting Yarn, Embroidery Threads, Lace Threads, Patchwork and Quilting, Kite Flying Thread, Cotton Sewing Threads, and Mercerized Cotton RFD Threads. Geographically, the company generates sales from India as well as outside India. It generates a vast majority of the revenues from sewing thread products from outside India.

H P Cotton Textile Mills (BOM:502873) Headlines

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