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Nahar Capital & Financial Services (BOM:532952) Interest Expense : ₹-1.3 Mil (TTM As of Dec. 2023)


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What is Nahar Capital & Financial Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nahar Capital & Financial Services's interest expense for the three months ended in Dec. 2023 was ₹ -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-1.3 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. Nahar Capital & Financial Services's Operating Income for the three months ended in Dec. 2023 was ₹ 119.8 Mil. Nahar Capital & Financial Services's Interest Expense for the three months ended in Dec. 2023 was ₹ -0.3 Mil. Nahar Capital & Financial Services's Interest Coverage for the quarter that ended in Dec. 2023 was 411.84. 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.


Nahar Capital & Financial Services Interest Expense Historical Data

The historical data trend for Nahar Capital & Financial Services'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.

Nahar Capital & Financial Services Interest Expense Chart

Nahar Capital & Financial Services Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.08 -5.16 -1.74 -0.91 -1.33

Nahar Capital & Financial Services Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -0.10 -0.06 -0.02 -0.91 -0.29

Nahar Capital & Financial Services 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-1.3 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.


Nahar Capital & Financial Services  (BOM:532952) 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.

Nahar Capital & Financial Services's Interest Expense for the three months ended in Dec. 2023 was ₹-0.3 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹119.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.0 Mil.

Nahar Capital & Financial Services's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*119.845/-0.291
=411.84

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Nahar Capital & Financial Services Ltd has enough cash to cover all of its debt. Its financial situation is stable.


Nahar Capital & Financial Services (BOM:532952) Business Description

Traded in Other Exchanges
Address
375, Industrial Area - A, Nahar Tower, Ludhiana, PB, IND, 141003
Nahar Capital & Financial Services Ltd is a non-deposit accepting non-banking financial service (NBFC) company. It is engaged in investment and financial activities. The company's segment includes Investment/Financial activity and Real estate activity. It generates maximum revenue from the Investment/Financial activity segment which consists of Long Term investment and Strategic Investments and Short Term Investment activities.

Nahar Capital & Financial Services (BOM:532952) Headlines

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