Relaxo Footwears (BOM:530517) Interest Expense : ₹-187 Mil (TTM As of Mar. 2024)

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What is Relaxo Footwears Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Relaxo Footwears's interest expense for the three months ended in Mar. 2024 was ₹ -47 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-187 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. Relaxo Footwears's Operating Income for the three months ended in Mar. 2024 was ₹ 819 Mil. Relaxo Footwears's Interest Expense for the three months ended in Mar. 2024 was ₹ -47 Mil. Relaxo Footwears's Interest Coverage for the quarter that ended in Mar. 2024 was 17.57. 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.

Relaxo Footwears Interest Expense Historical Data

The historical data trend for Relaxo Footwears'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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Relaxo Footwears Interest Expense Chart

Relaxo Footwears Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-167.80

-168.80

-153.30

-192.40

-186.90

Relaxo Footwears 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															-41.30	-44.60	-47.40	-48.30	-46.60

Relaxo Footwears 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 ₹-187 Mil.

Relaxo Footwears (BOM:530517) 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.

Relaxo Footwears's Interest Expense for the three months ended in Mar. 2024 was ₹-47 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹819 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,504 Mil.

Relaxo Footwears'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	*	818.9	/	-46.6
	=	17.57

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

Relaxo Footwears (BOM:530517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Relaxo Footwears Ltd (BOM:530517) » Definitions » Interest Expense

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RELAXO:India

Address

Aggarwal City Square, Plot No. 10, Mangalam Palace, District Centre, Sector-3, Rohini, New Delhi, IND, 110085

Website

https://www.relaxofootwear.com

Relaxo Footwears Ltd manufactures footwear in India that it sells under the brand names Flite, Bahamas, Hawaii, Sparx, Schoolmate, Elena, and Casualz. Roughly half of the company's production is non-leather footwear, including a wide variety of slippers. Relaxo sells its products directly through its company-owned retail stores and online shopping portal, and Relaxo sells its products wholesale to distributors and through export operations. The Company has only one segment Footwear and related products. The vast majority of sales are generated in India, where the company's hundreds of Relaxo Shoppe retail stores are located.

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