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Supreme Industries (BOM:509930) Interest Expense : ₹-105 Mil (TTM As of Mar. 2024)


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What is Supreme Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Supreme Industries's interest expense for the three months ended in Mar. 2024 was ₹ -38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-105 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. Supreme Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 4,221 Mil. Supreme Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -38 Mil. Supreme Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 111.36. 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.

Supreme Industries Interest Expense Historical Data

The historical data trend for Supreme 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.

Supreme Industries Interest Expense Chart

Supreme Industries Annual Data
Trend Jun15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -276.90 -208.90 -41.50 -65.40 -121.90

Supreme Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 -11.50 -25.60 -15.50 -51.60 -37.90

Supreme 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 ₹-105 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.

Supreme Industries  (BOM:509930) 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.

Supreme Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-38 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹4,221 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹421 Mil.

Supreme Industries'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*4220.7/-37.9
=111.36

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Supreme Industries Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Supreme Industries (BOM:509930) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Supreme Industries Ltd (BOM:509930) » Definitions » Interest Expense
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Traded in Other Exchanges
SUPREMEIND:India
Address
167, Guru Hargovindji Marg, 1161 & 1162 Solitaire Corporate Park, Andheri Ghatkopar Link Road, Andheri (East), Mumbai, MH, IND, 400093
Website
https://www.supreme.co.in
Supreme Industries Ltd is an Indian plastic processor company. The company is engaged in the manufacturing of plastic products. The company operates in five segments namely Plastics piping systems, Consumer products, Industrial Products, Packaging Products and Other Products. The company has forayed into different types of plastic processing in Injection Moulding, Rotational Moulding (ROTO), Extrusion, Compression Moulding and Blow Moulding. The company mainly earns its revenue from the sale of plastic products.

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