Poly Medicure (NSE:POLYMED) Interest Expense : ₹-113 Mil (TTM As of Mar. 2024)

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What is Poly Medicure Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Poly Medicure's interest expense for the three months ended in Mar. 2024 was ₹ -31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-113 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. Poly Medicure's Operating Income for the three months ended in Mar. 2024 was ₹ 804 Mil. Poly Medicure's Interest Expense for the three months ended in Mar. 2024 was ₹ -31 Mil. Poly Medicure's Interest Coverage for the quarter that ended in Mar. 2024 was 25.73. 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.

Poly Medicure Interest Expense Historical Data

The historical data trend for Poly Medicure'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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Poly Medicure Interest Expense Chart

Poly Medicure Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-180.03

-77.38

-37.24

-88.39

-113.01

Poly Medicure 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															-23.49	-24.92	-22.19	-34.66	-31.25

Poly Medicure 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 ₹-113 Mil.

Poly Medicure (NSE:POLYMED) 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.

Poly Medicure's Interest Expense for the three months ended in Mar. 2024 was ₹-31 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹804 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹32 Mil.

Poly Medicure'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	*	803.795	/	-31.245
	=	25.73

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

Poly Medicure (NSE:POLYMED) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Poly Medicure Ltd (NSE:POLYMED) » Definitions » Interest Expense

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531768:India

Address

Okhla Industrial Estate, 232-B, 3rd Floor, Phase III, New Delhi, IND, 110020

Website

https://www.polymedicure.com

Poly Medicure Ltd engages in the manufacturing and sale of medical devices. It offers disposable medical devices for infusion therapy, blood management, gastroenterology, surgery and wound drainage, anesthesia, and urology. Some of its products include Ventilator Circuit Combo Kits, Bain Circuits, Safety Introducer Needles, High-Pressure Vaccum Bottle-Triplet, Catheters, and others. Geographically, it derives a majority of its revenue from exports. The company operates under one segment namely Medical Devices.

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