Libas Consumer Products (NSE:LIBAS) Interest Expense : ₹-7.2 Mil (TTM As of Sep. 2023)

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What is Libas Consumer Products Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Libas Consumer Products's interest expense for the three months ended in Sep. 2023 was ₹ -1.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-7.2 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. Libas Consumer Products's Operating Income for the three months ended in Sep. 2023 was ₹ 21.8 Mil. Libas Consumer Products's Interest Expense for the three months ended in Sep. 2023 was ₹ -1.9 Mil. Libas Consumer Products's Interest Coverage for the quarter that ended in Sep. 2023 was 11.25. 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.

Libas Consumer Products Interest Expense Historical Data

The historical data trend for Libas Consumer Products'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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Libas Consumer Products Interest Expense Chart

Libas Consumer Products Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-16.72

-24.61

-22.33

-17.76

-10.93

Libas Consumer Products Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-4.40	-3.81	0.54	-1.99	-1.94

Libas Consumer Products 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 quarterly data reported by the company within the most recent 12 months, which was ₹-7.2 Mil.

Libas Consumer Products (NSE:LIBAS) 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.

Libas Consumer Products's Interest Expense for the three months ended in Sep. 2023 was ₹-1.9 Mil. Its Operating Income for the three months ended in Sep. 2023 was ₹21.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was ₹0.0 Mil.

Libas Consumer Products's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	21.822	/	-1.94
	=	11.25

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

Libas Consumer Products (NSE:LIBAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Libas Consumer Products Ltd (NSE:LIBAS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off New Link Road, Lokhanwala Complex, 401, 4th Floor, Crescent Royale, Andheri (West), Mumbai, MH, IND, 400053

Website

https://www.riyazgangjilibasconsumerproductltd.com

Libas Consumer Products Ltd is an Indian firm engaged in the business of manufacturing apparel. The company offers clothing for men and women which includes shirts, trousers, blazers, jackets, suits, sarees, among others. The business operates in a single segment being manufacturing and dealing in textiles. It derives revenue from the domestic sale of goods.

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