Race Eco Chain (BOM:537785) Interest Expense : ₹-4 Mil (TTM As of Sep. 2023)

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What is Race Eco Chain Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Race Eco Chain's interest expense for the six months ended in Sep. 2023 was ₹ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-4 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. Race Eco Chain's Operating Income for the six months ended in Sep. 2023 was ₹ 0 Mil. Race Eco Chain's Interest Expense for the six months ended in Sep. 2023 was ₹ 0 Mil. Race Eco Chain has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Race Eco Chain Interest Expense Historical Data

The historical data trend for Race Eco Chain'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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Race Eco Chain Interest Expense Chart

Race Eco Chain Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-7.22

-6.12

-3.99

-7.03

-29.35

Race Eco Chain Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-1.64	-3.24	-3.80	-	-

Race Eco Chain 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-4 Mil.

Race Eco Chain (BOM:537785) 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.

Race Eco Chain's Interest Expense for the six months ended in Sep. 2023 was ₹0 Mil. Its Operating Income for the six months ended in Sep. 2023 was ₹0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was ₹0 Mil.

Race Eco Chain's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Race Eco Chain had no long-term debt ⁽¹⁾.

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

Race Eco Chain (BOM:537785) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Race Eco Chain Ltd (BOM:537785) » Definitions » Interest Expense

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RACE:India

Address

Sahibabad Industrial Area, 56/33, Site-IV, Ghaziabad, UP, IND, 201010

Website

https://www.raceecochain.com

Race Eco Chain Ltd is engaged in the collection and supply of recyclable waste to recyclers who eventually convert the waste into useful products. It is also involved in the manufacturing of recycled products. The company's business segments are Biomass Fuel; Plastic Waste; and Recycled Products. It generates the majority of its revenue from the Plastic Waste segment.

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