Vital Chemtech (NSE:VITAL) Interest Expense : ₹-7 Mil (TTM As of Sep. 2023)

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What is Vital Chemtech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vital Chemtech's interest expense for the six months ended in Sep. 2023 was ₹ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-7 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. Vital Chemtech's Operating Income for the six months ended in Sep. 2023 was ₹ 9 Mil. Vital Chemtech's Interest Expense for the six months ended in Sep. 2023 was ₹ -4 Mil. Vital Chemtech's Interest Coverage for the quarter that ended in Sep. 2023 was 2.04. 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.

Vital Chemtech Interest Expense Historical Data

The historical data trend for Vital Chemtech'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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Vital Chemtech Interest Expense Chart

Vital Chemtech Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Interest Expense

-10.96

-9.47

-1.69

-5.70

Vital Chemtech Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial			-	-	-3.11	-2.60	-4.21

Vital Chemtech 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 ₹-7 Mil.

Vital Chemtech (NSE:VITAL) 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.

Vital Chemtech's Interest Expense for the six months ended in Sep. 2023 was ₹-4 Mil. Its Operating Income for the six months ended in Sep. 2023 was ₹9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was ₹194 Mil.

Vital Chemtech'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	*	8.577	/	-4.214
	=	2.04

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

Vital Chemtech (NSE:VITAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Vital Chemtech Ltd (NSE:VITAL) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

S. G. Highway, Opposite Karnavati Club, B-406, Mondeal Heights, Ahmedabad, GJ, IND, 380015

Website

https://www.vitalgroup.co.in

Vital Chemtech Ltd is engaged in the business of manufacturing, producing, refining, processing, formulating, mixing, enriching, mining, importing, exporting, acquiring, inventing, buying, selling, exchanging, distributing, and otherwise trading and dealing in all kinds of mixtures, formlations, intermediates, derivatives, compounds, phosphorous based chemicals, fine chemicals, heavy chemicals, valence, inorganic and organic chemicals, source materials, intermediates, ingredients, mixtures, derivatives and compounds. The company's Products include Phosphorus Derivatives, Industrial Chemicals, Specialty Chemicals & Intermediates, Organophosphates, Polymers & Dispersants, and Wellness Products.

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