Jain Irrigation Systems (BOM:500219) Interest Expense : ₹-4,187 Mil (TTM As of Mar. 2024)

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What is Jain Irrigation Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jain Irrigation Systems's interest expense for the three months ended in Mar. 2024 was ₹ -1,064 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-4,187 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. Jain Irrigation Systems's Operating Income for the three months ended in Mar. 2024 was ₹ 1,592 Mil. Jain Irrigation Systems's Interest Expense for the three months ended in Mar. 2024 was ₹ -1,064 Mil. Jain Irrigation Systems's Interest Coverage for the quarter that ended in Mar. 2024 was 1.50. 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.

Jain Irrigation Systems Interest Expense Historical Data

The historical data trend for Jain Irrigation Systems'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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Jain Irrigation Systems Interest Expense Chart

Jain Irrigation Systems Annual Data

Trend

Mar15

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Mar17

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Mar20

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Mar24

Interest Expense

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-6,239.37

-7,001.20

-3,347.52

-4,691.80

-4,187.00

Jain Irrigation Systems 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															-1,536.80	-1,052.30	-992.10	-1,078.90	-1,063.70

Jain Irrigation Systems 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 ₹-4,187 Mil.

Jain Irrigation Systems (BOM:500219) 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.

Jain Irrigation Systems's Interest Expense for the three months ended in Mar. 2024 was ₹-1,064 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹1,592 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹15,511 Mil.

Jain Irrigation Systems'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	*	1592	/	-1063.7
	=	1.50

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

Jain Irrigation Systems (BOM:500219) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Jain Irrigation Systems Ltd (BOM:500219) » Definitions » Interest Expense

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JISLJALEQS:India JISLDVREQS:India 570004:India

Address

National Highway No. 6, Jain Plastic Park, P.O.Box 72, Bambhori, Jalgaon, MH, IND, 425001

Website

https://www.jains.com

Jain Irrigation Systems Ltd is engaged in diversified business. The company's operating segment includes Hi-tech Agri Input Product; Plastic; Agro-Processing; and Other Business Division. It generates maximum revenue from the Hi-tech Agri Input Product Division segment. The Hi-tech Agri Input Products segment includes Micro and Sprinkler Irrigation, Solar Agri Pump, Integrated Irrigation Projects, and Tissue Culture plants. The Plastic Division segment includes PVC piping products, PE piping products, Piping projects, and Plastic sheets. Geographically, it derives a majority of its revenue from India and also has a presence in Europe; North America, and the rest of the world.

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