Liberty Shoes (BOM:526596) Interest Expense : ₹-136 Mil (TTM As of Mar. 2024)

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What is Liberty Shoes Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Liberty Shoes's interest expense for the three months ended in Mar. 2024 was ₹ -32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-136 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. Liberty Shoes's Operating Income for the three months ended in Mar. 2024 was ₹ 145 Mil. Liberty Shoes's Interest Expense for the three months ended in Mar. 2024 was ₹ -32 Mil. Liberty Shoes's Interest Coverage for the quarter that ended in Mar. 2024 was 4.57. 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.

Liberty Shoes Interest Expense Historical Data

The historical data trend for Liberty Shoes'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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Liberty Shoes Interest Expense Chart

Liberty Shoes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-116.36

-130.34

-110.57

-120.86

-135.87

Liberty Shoes 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															-33.69	-36.40	-40.18	-27.62	-31.67

Liberty Shoes 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 ₹-136 Mil.

Liberty Shoes (BOM:526596) 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.

Liberty Shoes's Interest Expense for the three months ended in Mar. 2024 was ₹-32 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹145 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹777 Mil.

Liberty Shoes'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	*	144.79	/	-31.671
	=	4.57

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

Liberty Shoes (BOM:526596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Liberty Shoes Ltd (BOM:526596) » Definitions » Interest Expense

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LIBERTSHOE:India

Address

Tower - A, Phase- II, Ground Floor, Building No. 8, DLF Cyber City, Gurgaon, HR, IND, 122002

Website

https://www.libertyshoes.com

Liberty Shoes Ltd is involved in the footwear industry. The company has only one business segment which is Footwear. It is also engaged in the business of manufacturing and trading footwear and accessories through its retail and wholesale network. The product line of the company consists of Healers, Fortune, Force10, Senorita, Gliders, AHA, Coolers, Prefect, Lear, Senorita, and Footfun.

Liberty Shoes (BOM:526596) Headlines

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