Ratnamani Metals & Tubes (BOM:520111) Interest Expense : ₹-451 Mil (TTM As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Ratnamani Metals & Tubes Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ratnamani Metals & Tubes's interest expense for the three months ended in Mar. 2024 was ₹ -117 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-451 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. Ratnamani Metals & Tubes's Operating Income for the three months ended in Mar. 2024 was ₹ 2,207 Mil. Ratnamani Metals & Tubes's Interest Expense for the three months ended in Mar. 2024 was ₹ -117 Mil. Ratnamani Metals & Tubes's Interest Coverage for the quarter that ended in Mar. 2024 was 18.82. 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.

Ratnamani Metals & Tubes Interest Expense Historical Data

The historical data trend for Ratnamani Metals & Tubes'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.

Ratnamani Metals & Tubes Interest Expense Chart

Ratnamani Metals & Tubes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

Get a 7-Day Free Trial

-156.17

-201.70

-172.78

-311.92

-451.25

Ratnamani Metals & Tubes 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															-139.29	-98.54	-108.33	-127.11	-117.27

Ratnamani Metals & Tubes 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 ₹-451 Mil.

Ratnamani Metals & Tubes (BOM:520111) 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.

Ratnamani Metals & Tubes's Interest Expense for the three months ended in Mar. 2024 was ₹-117 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹2,207 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹301 Mil.

Ratnamani Metals & Tubes'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	*	2207.113	/	-117.273
	=	18.82

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

Ratnamani Metals & Tubes (BOM:520111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ratnamani Metals & Tubes Ltd (BOM:520111) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

RATNAMANI:India

Address

The First Avenue Road, Off 132 Ft Ring Road, The First, A & B Wing, 9th Floor, Behind Keshav Baug Party Plot, Vastrapur, Ahmedabad, GJ, IND, 380015

Website

https://www.ratnamani.com

Ratnamani Metals & Tubes Ltd is a manufacturer of stainless steel pipes, tubes, and carbon steel pipes. The company's product mix consists of stainless steel tubes and pipes, carbon steel pipes, and external and internal coating solutions. It operates in the Steel Tubes and Pipes segment. The company's end market by revenue is India. The firm's manufacturing facilities are located in Kutch, Indrad, and Chhatral in the state of Gujarat.

Ratnamani Metals & Tubes (BOM:520111) Headlines

No Headlines