Vikas EcoTech (BOM:530961) Interest Expense : ₹-66 Mil (TTM As of Mar. 2024)

View and export this data going back to 1995. Start your Free Trial

What is Vikas EcoTech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vikas EcoTech's interest expense for the three months ended in Mar. 2024 was ₹ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-66 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. Vikas EcoTech's Operating Income for the three months ended in Mar. 2024 was ₹ 16 Mil. Vikas EcoTech's Interest Expense for the three months ended in Mar. 2024 was ₹ -8 Mil. Vikas EcoTech's Interest Coverage for the quarter that ended in Mar. 2024 was 1.92. 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.

Vikas EcoTech Interest Expense Historical Data

The historical data trend for Vikas EcoTech'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.

Vikas EcoTech Interest Expense Chart

Vikas EcoTech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

Get a 7-Day Free Trial

-166.88

-152.34

-180.24

-103.68

-65.85

Vikas EcoTech 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															-23.50	-23.23	-19.94	-14.50	-8.18

Vikas EcoTech 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 ₹-66 Mil.

Vikas EcoTech (BOM:530961) 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.

Vikas EcoTech's Interest Expense for the three months ended in Mar. 2024 was ₹-8 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹16 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹2 Mil.

Vikas EcoTech'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	*	15.678	/	-8.177
	=	1.92

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

Vikas EcoTech (BOM:530961) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Vikas EcoTech Ltd (BOM:530961) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

VIKASECO:India

Address

34/1, Vikas Apartments, East Punjabi Bagh, New Delhi, IND, 110026

Website

http://www.vikasecotech.com

Vikas EcoTech Ltd is a specialty chemicals company. The company is engaged in the business of manufacturing and distribution of specialty additives including agrochemicals and rubber-plastic and polymer compounds. The Company has identified three business segments which are Infra & Energy, Chemical, Polymers & Special Additives, Real Estate. Its polymer compounds offering includes thermoplastic rubber (TPR), thermoplastic elastomer (TPE), Ethylene Vinyl Acetate (EVA), impact modifiers, Polyethylene (PE), and Polypropylene (PP).

Vikas EcoTech (BOM:530961) Headlines

No Headlines