Poddar Pigments (BOM:524570) Interest Expense : ₹-2 Mil (TTM As of Sep. 2023)

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What is Poddar Pigments Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Poddar Pigments's interest expense for the three months ended in Sep. 2023 was ₹ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-2 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. Poddar Pigments's Operating Income for the three months ended in Sep. 2023 was ₹ 67 Mil. Poddar Pigments's Interest Expense for the three months ended in Sep. 2023 was ₹ -0 Mil. Poddar Pigments's Interest Coverage for the quarter that ended in Sep. 2023 was 165.91. 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.

Poddar Pigments Interest Expense Historical Data

The historical data trend for Poddar Pigments'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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Poddar Pigments Interest Expense Chart

Poddar Pigments Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1.47

-1.00

-1.59

-2.73

-2.47

Poddar Pigments Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.54	-0.82	-0.53	-0.40	-

Poddar Pigments 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-2 Mil.

Poddar Pigments (BOM:524570) 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.

Poddar Pigments's Interest Expense for the three months ended in Sep. 2023 was ₹-0 Mil. Its Operating Income for the three months ended in Sep. 2023 was ₹67 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was ₹0 Mil.

Poddar Pigments's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	66.53	/	-0.401
	=	165.91

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. Poddar Pigments Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Poddar Pigments (BOM:524570) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Poddar Pigments Ltd (BOM:524570) » Definitions » Interest Expense

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PODDARMENT:India

Address

M.G. Road, Rosy Tower, 3 Floor, Nungambakkam, Chennai, TN, IND, 600 034

Website

https://www.poddarpigmentsltd.com

Poddar Pigments Ltd is an India-based company which manufactures color and additive masterbatches for dope dyeing of polypropylene, nylon and polyester multifilament yarn, fibers. Their product line consists of manmade fiber; plastic and packaging; and engineering components. Geographically, it derives a majority of revenue from India.

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