De Neers Tools (NSE:DENEERS) Interest Expense : ₹ Mil (TTM As of Mar. 2022)

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What is De Neers Tools Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. De Neers Tools's interest expense for the six months ended in Mar. 2022 was ₹ -12.1 Mil. De Neers Tools does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Mar. 2022.

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. De Neers Tools's Operating Income for the six months ended in Mar. 2022 was ₹ 83.4 Mil. De Neers Tools's Interest Expense for the six months ended in Mar. 2022 was ₹ -12.1 Mil. De Neers Tools's Interest Coverage for the quarter that ended in Mar. 2022 was 6.87. 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.

De Neers Tools Interest Expense Historical Data

The historical data trend for De Neers Tools'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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De Neers Tools Interest Expense Chart

De Neers Tools Annual Data

Trend

Mar20

Mar21

Mar22

Interest Expense

-15.88

-17.93

-12.14

De Neers Tools Semi-Annual Data
	Mar20	Mar21	Mar22
Interest Expense	-15.88	-17.93	-12.14

De Neers Tools Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

De Neers Tools (NSE:DENEERS) 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.

De Neers Tools's Interest Expense for the six months ended in Mar. 2022 was ₹-12.1 Mil. Its Operating Income for the six months ended in Mar. 2022 was ₹83.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2022 was ₹243.6 Mil.

De Neers Tools's Interest Coverage for the quarter that ended in Mar. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2022 )	/	Interest Expense (Q: Mar. 2022 )
	=	-1	*	83.388	/	-12.142
	=	6.87

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

De Neers Tools (NSE:DENEERS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » De Neers Tools Ltd (NSE:DENEERS) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Plot No. 468, Ground Floor, Industrial Area, Patparganj, Delhi, IND, 110092

Website

https://www.deneerstools.com

De Neers Tools Ltd is a hand tools suppliers in India. The company aims to provide hand tools of the utmost quality that are worth Its customers' money. It continuously works on innovation and research to develop products that can bring a kind of revolution in the hand tool industry. Its products includes Spanners, Wrenches, Pliers, Cutters, Allen keys, Hammers, sockets, Screw Drivers, Tool Kits, Tool Cabinets, Trolleys, etc. It is also specialized in providing Safety Tools like Non-Sparking Tools, Insulated Steel Tools, Non-Sparking Insulated Tools, Stainless Steel Anti-magnetic Tools, and Titanium Tools, with other range of hand tools. The company is predominantly engaged in wholesale trading of hardware & tools which constitutes a single business segment.

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