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Adarsh Plant Protect (BOM:526711) Interest Expense : ₹-2.1 Mil (TTM As of Mar. 2024)


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What is Adarsh Plant Protect Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Adarsh Plant Protect's interest expense for the three months ended in Mar. 2024 was ₹ -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-2.1 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. Adarsh Plant Protect's Operating Income for the three months ended in Mar. 2024 was ₹ 2.8 Mil. Adarsh Plant Protect's Interest Expense for the three months ended in Mar. 2024 was ₹ -0.5 Mil. Adarsh Plant Protect's Interest Coverage for the quarter that ended in Mar. 2024 was 5.63. 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.

Adarsh Plant Protect Interest Expense Historical Data

The historical data trend for Adarsh Plant Protect'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.

Adarsh Plant Protect Interest Expense Chart

Adarsh Plant Protect 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 -1.87 -1.98 -1.89 -2.08 -2.09

Adarsh Plant Protect 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 -0.29 -0.39 -0.76 -0.44 -0.50

Adarsh Plant Protect 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 ₹-2.1 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.

Adarsh Plant Protect  (BOM:526711) 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.

Adarsh Plant Protect's Interest Expense for the three months ended in Mar. 2024 was ₹-0.5 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹2.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹26.8 Mil.

Adarsh Plant Protect'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*2.816/-0.5
=5.63

* 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.

Adarsh Plant Protect (BOM:526711) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Adarsh Plant Protect Ltd (BOM:526711) » Definitions » Interest Expense
Comparable Companies
BOM:522001 BOM:519191 NSE:RMDRIP NSE:ISHAN BOM:517431 NSE:DIL BOM:530449 CAT DE PCAR OSTO:VOLV A TSE:6201 TSE:6301 XAMS:EXO OSTO:EPI A SHSE:600031 TSE:6326 CNHI SZSE:000425 AGCO
Traded in Other Exchanges
N/A
Address
Plot No. 604, G.I.D.C. Estate, Vitthal Udyognagar, Anand, GJ, IND, 388121
Website
https://www.adarshplant.com
Adarsh Plant Protect Ltd is an Indian company which is engaged in manufacturing and selling plant protection and agricultural equipment. It mainly manufactures manual and battery-operated knapsack sprayer pumps, fertilizer dusters and broadcasters, and manual and power operated seed dressing drums. The agricultural equipment produces by the company includes hand-operated agricultural sprayer pumps, foot-operated agricultural sprayer pumps, rocker sprayer pumps, and others under the Adarsh brand. The company also manufactures barrels with MS/GI sheets, HMHDPE composite barrels of GI sheets, and inside epoxy lacquered MS barrels. The operating segments of the company are Agricultural Equipment, Barrel, and Eco Stove.

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