V B Desai Financial Services (BOM:511110) Interest Expense : ₹0.00 Mil (TTM As of Mar. 2024)

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What is V B Desai Financial Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. V B Desai Financial Services's interest expense for the three months ended in Mar. 2024 was ₹ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹0.00 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. V B Desai Financial Services's Operating Income for the three months ended in Mar. 2024 was ₹ 2.18 Mil. V B Desai Financial Services's Interest Expense for the three months ended in Mar. 2024 was ₹ 0.00 Mil. V B Desai Financial Services 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.

V B Desai Financial Services Interest Expense Historical Data

The historical data trend for V B Desai Financial Services'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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V B Desai Financial Services Interest Expense Chart

V B Desai Financial Services Annual Data

Trend

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Interest Expense

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-1.56

V B Desai Financial Services Quarterly Data
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V B Desai Financial Services 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 ₹0.00 Mil.

V B Desai Financial Services (BOM:511110) 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.

V B Desai Financial Services's Interest Expense for the three months ended in Mar. 2024 was ₹0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹2.18 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0.00 Mil.

V B Desai Financial Services's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

V B Desai Financial Services had no long-term debt ⁽¹⁾.

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

Good Sign:

V B Desai Financial Services Ltd has no debt.

V B Desai Financial Services (BOM:511110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » V B Desai Financial Services Ltd (BOM:511110) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

24/26 Dalai Street, Cama Building, 1st Floor, Fort, Mumbai, MH, IND, 400001

Website

http://www.vbdesai.com

V B Desai Financial Services Ltd is an Indian company providing merchant banking services. The company is engaged in offering financial and advisory services. It provides services like Share Valuation, (Employee Stock Option Plan) ESOP Valuation, ESOP Advisory, merger and acquisition, to act as Manager in Buyback of shares and Acquisition, Takeover of Listed Companies and Initial Public Offerings, etc.

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