Nishat Mills (KAR:NML) Interest Expense : ₨-10,485 Mil (TTM As of Mar. 2024)

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What is Nishat Mills Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nishat Mills's interest expense for the three months ended in Mar. 2024 was ₨ -3,120 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₨-10,485 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. Nishat Mills's Operating Income for the three months ended in Mar. 2024 was ₨ 3,683 Mil. Nishat Mills's Interest Expense for the three months ended in Mar. 2024 was ₨ -3,120 Mil. Nishat Mills's Interest Coverage for the quarter that ended in Mar. 2024 was 1.18. 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.

Nishat Mills Interest Expense Historical Data

The historical data trend for Nishat Mills'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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Nishat Mills Interest Expense Chart

Nishat Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-2,332.20

-2,632.24

-1,484.66

-2,302.11

-6,848.31

Nishat Mills 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															-2,198.10	-2,018.21	-2,505.40	-2,841.97	-3,119.90

Nishat Mills 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 ₨-10,485 Mil.

Nishat Mills (KAR:NML) 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.

Nishat Mills's Interest Expense for the three months ended in Mar. 2024 was ₨-3,120 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₨3,683 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₨24,927 Mil.

Nishat Mills'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	*	3683.234	/	-3119.9
	=	1.18

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

Nishat Mills (KAR:NML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nishat Mills Ltd (KAR:NML) » Definitions » Interest Expense

Comparable Companies

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N/A

Address

7, Main Gulberg, Lahore, PB, PAK, 54660

Website

https://www.nishatmillsltd.com

Nishat Mills Ltd is a textile manufacturing firm in Pakistan. The firm produces cotton and also owns the weaving facility in Pakistan catering to home textile and apparel fabrics. The company conducts its activities through multiple segments such as Spinning, Weaving, Dyeing, Home Textile and Terry, Garments and Power Generation. Its processing facilities are specially made to handle heavyweight fabrics like twills, drills, canvases/poplins, fabrics with minimum tension such as stretch fabrics and all high-density weaves. The business also exports to Europe, the United States of America, Asia, Africa and Australia. The firm caters to domestic and international markets.