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Safari Industries (India) (BOM:523025) Interest Expense : ₹-95 Mil (TTM As of Mar. 2024)


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What is Safari Industries (India) Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Safari Industries (India)'s interest expense for the three months ended in Mar. 2024 was ₹ -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-95 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. Safari Industries (India)'s Operating Income for the three months ended in Mar. 2024 was ₹ 532 Mil. Safari Industries (India)'s Interest Expense for the three months ended in Mar. 2024 was ₹ -23 Mil. Safari Industries (India)'s Interest Coverage for the quarter that ended in Mar. 2024 was 23.21. 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.

Safari Industries (India) Interest Expense Historical Data

The historical data trend for Safari Industries (India)'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.

Safari Industries (India) Interest Expense Chart

Safari Industries (India) 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 -62.17 -31.24 -49.24 -79.70 -95.00

Safari Industries (India) 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 -22.00 -26.10 -22.10 -23.90 -22.90

Safari Industries (India) 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 ₹-95 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.

Safari Industries (India)  (BOM:523025) 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.

Safari Industries (India)'s Interest Expense for the three months ended in Mar. 2024 was ₹-23 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹532 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹884 Mil.

Safari Industries (India)'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*531.5/-22.9
=23.21

* 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.

Safari Industries (India) (BOM:523025) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Safari Industries (India) Ltd (BOM:523025) » Definitions » Interest Expense
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Traded in Other Exchanges
SAFARI:India
Address
A/2, MV Road, 302-303, A Wing, The Qube, CTS No. 1498, Marol, Andheri (East), Mumbai, MH, IND, 400059
Website
https://www.safaribags.com
Safari Industries (India) Ltd is an India-based company primarily engaged in the manufacturing and marketing of luggage and luggage accessories. It offers Hard luggage cases, Soft luggage cases, and Backpacks. The company's product range includes Laptop bags, Backpacks, Suitcase, Four and two-wheel trolleys, Duffle bags, and Rolling duffle bags, among others.

Safari Industries (India) (BOM:523025) Headlines

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