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VIP Industries (BOM:507880) Interest Expense : ₹-550 Mil (TTM As of Mar. 2024)


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What is VIP Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. VIP Industries's interest expense for the three months ended in Mar. 2024 was ₹ -167 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-550 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. VIP Industries's Operating Income for the three months ended in Mar. 2024 was ₹ -204 Mil. VIP Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -167 Mil. VIP Industries 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.

VIP Industries Interest Expense Historical Data

The historical data trend for VIP 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.

* Premium members only.

VIP Industries Interest Expense Chart

VIP Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -228.60 -286.80 -230.00 -284.80 -550.20

VIP 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -84.10 -107.70 -123.60 -151.60 -167.30

VIP 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 ₹-550 Mil.

* 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.

VIP Industries  (BOM:507880) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

VIP Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-167 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-204 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹2,813 Mil.

VIP Industries's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

VIP Industries did not have earnings to cover the interest expense.

* 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.

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

VIP Industries (BOM:507880) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » VIP Industries Ltd (BOM:507880) » Definitions » Interest Expense
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Traded in Other Exchanges
VIPIND:India
Address
88-C, Old Prabhadevi Road, DGP House, 5th Floor, Mumbai, MH, IND, 400 025
Website
https://www.vipindustries.co.in
VIP Industries Ltd is a luggage manufacturer based in India. The company's only segment is the manufacturing and marketing of luggage, bags, and accessories. Geographically, it derives a majority of revenue from India. VIP has a range of brands across luggage categories including Carlton, VIP Bags, Skybags, Aristocrat, Alfa, and Caprese through which it sells trolleys, rucksacks, backpacks, duffel bags, laptop bags, travel accessories, short-haul essentials, soft uprights, vanity cases, hard suitcases, briefcases, and uprights, among others.

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