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Power Grid Of India (BOM:532898) Interest Expense : ₹-87,728 Mil (TTM As of Mar. 2024)


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What is Power Grid Of India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Power Grid Of India's interest expense for the three months ended in Mar. 2024 was ₹ -19,281 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-87,728 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. Power Grid Of India's Operating Income for the three months ended in Mar. 2024 was ₹ 68,400 Mil. Power Grid Of India's Interest Expense for the three months ended in Mar. 2024 was ₹ -19,281 Mil. Power Grid Of India's Interest Coverage for the quarter that ended in Mar. 2024 was 3.55. 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.

Power Grid Of India Interest Expense Historical Data

The historical data trend for Power Grid Of 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.

* Premium members only.

Power Grid Of India Interest Expense Chart

Power Grid Of India Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -98,787.00 -87,278.00 -79,103.30 -96,339.40 -87,727.50

Power Grid Of India 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -24,751.20 -20,572.30 -23,412.60 -24,461.30 -19,281.30

Power Grid Of 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-87,728 Mil.

* 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.

Power Grid Of India  (BOM:532898) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Power Grid Of India's Interest Expense for the three months ended in Mar. 2024 was ₹-19,281 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹68,400 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,051,295 Mil.

Power Grid Of India'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*68400.1/-19281.3
=3.55

* 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.

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

Power Grid Of India (BOM:532898) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Power Grid Corp Of India Ltd (BOM:532898) » Definitions » Interest Expense
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BOM:532555 BOM:513683 BOM:500084 BOM:517300 NSE:DPSCLTD BOM:532219 BOM:536709 BOM:523222 NEE SO DUK LSE:NG. PCG AEP EXC D XEL ED PEG WEC
Traded in Other Exchanges
POWERGRID:India
Address
Saudamini, Plot No. 2, Sector 29, Gurgaon, HR, IND, 122 001
Website
https://www.powergrid.in
Power Grid Corp Of India Ltd is a state-owned electric utility company in India. The activities of the firm are operated through Transmission, Telecom, and Consultancy segments. Under the Transmission division, the company's principal business is the transmission of bulk power across different states of India. Whereas the Telecom division leverages firm's nationwide transmission infrastructure and operates as a neutral carrier in the point to point Bandwidth Leasing Business. The company is also involved in Consultancy business in which it provides in-house expertise in the Transmission, Distribution and Telecom sectors, including planning design, engineering, load dispatch, procurement management, financing, and other. Geographically all the activities are carried out in India.

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