Rite Zone Chemcon India (NSE:RITEZONE) Interest Expense : ₹-0.8 Mil (TTM As of Sep. 2023)

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What is Rite Zone Chemcon India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rite Zone Chemcon India's interest expense for the six months ended in Sep. 2023 was ₹ -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-0.8 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. Rite Zone Chemcon India's Operating Income for the six months ended in Sep. 2023 was ₹ 5.7 Mil. Rite Zone Chemcon India's Interest Expense for the six months ended in Sep. 2023 was ₹ -0.4 Mil. Rite Zone Chemcon India's Interest Coverage for the quarter that ended in Sep. 2023 was 14.90. 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.

Rite Zone Chemcon India Interest Expense Historical Data

The historical data trend for Rite Zone Chemcon 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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Rite Zone Chemcon India Interest Expense Chart

Rite Zone Chemcon India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Interest Expense

-1.41

-1.17

-1.00

-0.86

Rite Zone Chemcon India Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial			-	-	-0.47	-0.40	-0.38

Rite Zone Chemcon India 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 semi-annually data reported by the company within the most recent 12 months, which was ₹-0.8 Mil.

Rite Zone Chemcon India (NSE:RITEZONE) 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.

Rite Zone Chemcon India's Interest Expense for the six months ended in Sep. 2023 was ₹-0.4 Mil. Its Operating Income for the six months ended in Sep. 2023 was ₹5.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was ₹7.2 Mil.

Rite Zone Chemcon India'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	*	5.705	/	-0.383
	=	14.90

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

Rite Zone Chemcon India (NSE:RITEZONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rite Zone Chemcon India Ltd (NSE:RITEZONE) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Row House 11, Beverly Park, Row House co-operative housing society Ltd, Mira Road, Thane, MH, IND, 401107

Website

http://www.ritezone.in

Rite Zone Chemcon India Ltd deals in a range of construction chemicals and concrete products. The company offers complete construction solutions by supplying a complete range of various chemical products related to civil construction, infrastructure, building and structure including pre-construction or post construction as well as supplying all types of concrete required for construction and infrastructure developments.

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