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Lotus Eye Hospital & Institute (BOM:532998) Interest Expense : ₹-1.0 Mil (TTM As of Mar. 2024)


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What is Lotus Eye Hospital & Institute Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lotus Eye Hospital & Institute's interest expense for the three months ended in Mar. 2024 was ₹ -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1.0 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. Lotus Eye Hospital & Institute's Operating Income for the three months ended in Mar. 2024 was ₹ -3.6 Mil. Lotus Eye Hospital & Institute's Interest Expense for the three months ended in Mar. 2024 was ₹ -0.3 Mil. Lotus Eye Hospital & Institute did not have earnings to cover the interest expense. 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.

Lotus Eye Hospital & Institute Interest Expense Historical Data

The historical data trend for Lotus Eye Hospital & Institute'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.

Lotus Eye Hospital & Institute Interest Expense Chart

Lotus Eye Hospital & Institute 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 -0.54 -0.56 -1.28 -0.98 -0.97

Lotus Eye Hospital & Institute 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 -0.19 -0.16 -0.13 -0.36 -0.32

Lotus Eye Hospital & Institute 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 ₹-1.0 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.

Lotus Eye Hospital & Institute  (BOM:532998) 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.

Lotus Eye Hospital & Institute's Interest Expense for the three months ended in Mar. 2024 was ₹-0.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-3.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹6.9 Mil.

Lotus Eye Hospital & Institute's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Lotus Eye Hospital & Institute did not have earnings to cover the interest expense.

* 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.

Lotus Eye Hospital & Institute (BOM:532998) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Lotus Eye Hospital & Institute Ltd (BOM:532998) » Definitions » Interest Expense
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Traded in Other Exchanges
LOTUSEYE:India
Address
SF No. 770/12, Avinashi Road, Civil Aerodrome Post, Coimbatore, TN, IND, 641 014
Website
https://www.lotuseye.org
Lotus Eye Hospital & Institute Ltd is an India-based eye care hospital. It is engaged in providing treatment and care for eye diseases and disorders. It offers treatment services for eye conditions like refractive error, retina and uvea, cornea, glaucoma, pediatric, orbit and oculoplasty, neuro-ophthalmology, and binocular vision. In addition, the company also operates an eye bank for functioning eye donation activities. The company mainly operates in India and generates revenue by providing medical services, pharmacy sales, and contact lens, and optical, of which the majority of the revenue is derived from providing segmmedical services.

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