Tejnaksh Healthcare (BOM:539428) Interest Expense : ₹-6.4 Mil (TTM As of Mar. 2024)

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What is Tejnaksh Healthcare Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tejnaksh Healthcare's interest expense for the three months ended in Mar. 2024 was ₹ -1.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-6.4 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. Tejnaksh Healthcare's Operating Income for the three months ended in Mar. 2024 was ₹ 6.8 Mil. Tejnaksh Healthcare's Interest Expense for the three months ended in Mar. 2024 was ₹ -1.4 Mil. Tejnaksh Healthcare's Interest Coverage for the quarter that ended in Mar. 2024 was 4.93. 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.

Tejnaksh Healthcare Interest Expense Historical Data

The historical data trend for Tejnaksh Healthcare'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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Tejnaksh Healthcare Interest Expense Chart

Tejnaksh Healthcare Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-7.59

-4.86

-4.02

-6.08

-6.44

Tejnaksh Healthcare 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															-1.70	-1.58	-1.63	-1.85	-1.39

Tejnaksh Healthcare 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 ₹-6.4 Mil.

Tejnaksh Healthcare (BOM:539428) 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.

Tejnaksh Healthcare's Interest Expense for the three months ended in Mar. 2024 was ₹-1.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹6.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹41.1 Mil.

Tejnaksh Healthcare'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	*	6.826	/	-1.385
	=	4.93

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

Tejnaksh Healthcare (BOM:539428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Tejnaksh Healthcare Ltd (BOM:539428) » Definitions » Interest Expense

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Address

Institute of Urology, Sakri Road, Dhule, MH, IND, 424 001

Website

https://www.tejnaksh.com

Tejnaksh Healthcare Ltd is engaged in the provision of hospital and healthcare services. Geographically, it operates only in India. The Company has a single operating segment, namely health care services. The company domains include Urology Hospitals; Nephrology Hospitals; Dental Clinics; Healthcare Equipment and Research and Development. It generates maximum revenue from Operation and Surgery.

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