Stovec Industries (BOM:504959) Interest Expense : ₹-1 Mil (TTM As of Dec. 2023)

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What is Stovec Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Stovec Industries's interest expense for the three months ended in Dec. 2023 was ₹ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-1 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. Stovec Industries's Operating Income for the three months ended in Dec. 2023 was ₹ 39 Mil. Stovec Industries's Interest Expense for the three months ended in Dec. 2023 was ₹ 0 Mil. Stovec Industries has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Stovec Industries Interest Expense Historical Data

The historical data trend for Stovec 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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Stovec Industries Interest Expense Chart

Stovec Industries Annual Data

Trend

Dec14

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.65

-0.44

-0.88

Stovec 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															-	-	-	-0.88	-

Stovec 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 ₹-1 Mil.

Stovec Industries (BOM:504959) 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.

Stovec Industries's Interest Expense for the three months ended in Dec. 2023 was ₹0 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

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

Stovec Industries had no long-term debt ⁽¹⁾.

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

Good Sign:

Stovec Industries Ltd has no debt.

Stovec Industries (BOM:504959) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Stovec Industries Ltd (BOM:504959) » Definitions » Interest Expense

Comparable Companies

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Address

N.I.D.C., Near Lambha Village, Post Narol, Ahmedabad, GJ, IND, 382 405

Website

https://www.spgprints.com

Stovec Industries Ltd is engaged in the production of Rotary Screens and Printing Machines and manufacturer of precision metal components. The firm operates in three verticals namely Textile Consumables and Textile Machinery, Graphics Product, and Galvanic. The textile consumables segment comprises perforated rotary screens, lacquer and auxiliary chemicals, rotary screen-printing machines, engraving equipment, components and spares, and digital ink. Graphics Products include anilox rollers, rotamesh screens, and rotaplate. The Galvanic segment consists of Galvano consumables. The Textile consumables segment is the most prominent segment for the firm contributing the majority of the total revenue primarily from India.

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