T & I Global (BOM:522294) Interest Expense : ₹-1 Mil (TTM As of Mar. 2024)

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What is T & I Global Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. T & I Global's interest expense for the three months ended in Mar. 2024 was ₹ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 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. T & I Global's Operating Income for the three months ended in Mar. 2024 was ₹ 27 Mil. T & I Global's Interest Expense for the three months ended in Mar. 2024 was ₹ 0 Mil. T & I Global 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.

T & I Global Interest Expense Historical Data

The historical data trend for T & I Global'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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T & I Global Interest Expense Chart

T & I Global Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-10.76

-5.57

-5.74

-0.25

T & I Global 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															-	-	-1.02	-	-

T & I Global 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 ₹-1 Mil.

T & I Global (BOM:522294) 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.

T & I Global's Interest Expense for the three months ended in Mar. 2024 was ₹0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹27 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0 Mil.

T & I Global's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

T & I Global had no long-term debt ⁽¹⁾.

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

Good Sign:

T & I Global Ltd has no debt.

T & I Global (BOM:522294) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » T & I Global Ltd (BOM:522294) » Definitions » Interest Expense

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Address

11, Jassal House 4A, Auckland Square, Kolkata, WB, IND, 700017

Website

https://www.tiglobal.com

T & I Global Ltd is a company engaged in the business of manufacturing and trading of tea and coconut processing machinery and cultivation, manufacturing, and sale of tea. The company manufactures CTC tea machinery, Orthodox tea machinery, Green tea machinery, Blending and Packing machinery, and Harvesting equipment. The operating segments of the company are Tea division and Machinery division. The organization offers its products in Indian as well as international markets.

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