Indo Borax & Chemicals (BOM:524342) Interest Expense : ₹-0 Mil (TTM As of Mar. 2024)

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What is Indo Borax & Chemicals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Indo Borax & Chemicals'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 ₹-0 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. Indo Borax & Chemicals's Operating Income for the three months ended in Mar. 2024 was ₹ 110 Mil. Indo Borax & Chemicals's Interest Expense for the three months ended in Mar. 2024 was ₹ -0 Mil. Indo Borax & Chemicals's Interest Coverage for the quarter that ended in Mar. 2024 was 6,098.89. 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.

Indo Borax & Chemicals Interest Expense Historical Data

The historical data trend for Indo Borax & Chemicals'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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Indo Borax & Chemicals Interest Expense Chart

Indo Borax & Chemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.01

-0.35

-0.08

-0.92

-0.06

Indo Borax & Chemicals 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															-0.01	-	-0.01	-0.03	-0.02

Indo Borax & Chemicals 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 Mil.

Indo Borax & Chemicals (BOM:524342) 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.

Indo Borax & Chemicals'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 ₹110 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0 Mil.

Indo Borax & Chemicals'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	*	109.78	/	-0.018
	=	6,098.89

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. Indo Borax & Chemicals Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Indo Borax & Chemicals (BOM:524342) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Indo Borax & Chemicals Ltd (BOM:524342) » Definitions » Interest Expense

Traded in Other Exchanges

INDOBORAX:India

Address

Linking Road, 302, Link Rose, Santacruz West, Mumbai, MH, IND, 400054

Website

http://www.indoborax.com

Indo Borax & Chemicals Ltd is engaged in the manufacturing and selling of chemical products. The company's product offerings include Boric acid powder, Boric acid granular, Boric acid, Borax decahydrate granular and Borax decahydrate crystal. The company is operating in a single reportable segment i.e. manufacturing and selling of Chemicals. Its products Boric acid powder has applications in metallurgical operation, electroplating industry, nylon dyeing, nylon manufacturing and agricultural use. It derives revenues from the sale of manufactured goods, traded goods and related services.

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