Maks Energy Solutions India (NSE:MAKS) Interest Expense : ₹-15.5 Mil (TTM As of Mar. 2023)

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What is Maks Energy Solutions India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Maks Energy Solutions India's interest expense for the six months ended in Mar. 2023 was ₹ -15.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₹-15.5 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. Maks Energy Solutions India's Operating Income for the six months ended in Mar. 2023 was ₹ 21.6 Mil. Maks Energy Solutions India's Interest Expense for the six months ended in Mar. 2023 was ₹ -15.5 Mil. Maks Energy Solutions India's Interest Coverage for the quarter that ended in Mar. 2023 was 1.39. 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.

Maks Energy Solutions India Interest Expense Historical Data

The historical data trend for Maks Energy Solutions India'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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Maks Energy Solutions India Interest Expense Chart

Maks Energy Solutions India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Interest Expense

-20.07

-20.54

-20.90

-15.49

Maks Energy Solutions India Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Interest Expense	-20.07	-20.54	-20.90	-15.49

Maks Energy Solutions India Interest Expense Calculation

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

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₹-15.5 Mil.

Maks Energy Solutions India (NSE:MAKS) 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.

Maks Energy Solutions India's Interest Expense for the six months ended in Mar. 2023 was ₹-15.5 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₹21.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was ₹5.8 Mil.

Maks Energy Solutions India's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	21.568	/	-15.488
	=	1.39

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

Maks Energy Solutions India (NSE:MAKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Maks Energy Solutions India Ltd (NSE:MAKS) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

Shubham Society, Showroom-1, 599/600 Rasta Peth, Near- Parsi Agyari, Pune, MH, IND, 411011

Website

https://www.maksgenerators.com

Maks Energy Solutions India Ltd is engaged in the business of trading, dealing, assembling, selling, installing, testing, and commissioning generator and Diesel Generator sets. The company's products include Tata generators, Cummins generators, Perkins generators, and Spare parts. The company also has dealers outside India in Europe, Latin America, the USA, Singapore, the Middle East, Africa, Thailand, Nepal, Sri Lanka, and many other countries.

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