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Max Financial Services (BOM:500271) Interest Expense : ₹-931 Mil (TTM As of Mar. 2024)


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What is Max Financial Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Max Financial Services's interest expense for the three months ended in Mar. 2024 was ₹ -254 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-931 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. Max Financial Services's Operating Income for the three months ended in Mar. 2024 was ₹ -340 Mil. Max Financial Services's Interest Expense for the three months ended in Mar. 2024 was ₹ -254 Mil. Max Financial Services did not have earnings to cover the interest expense. 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.

Max Financial Services Interest Expense Historical Data

The historical data trend for Max Financial Services'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.

Max Financial Services Interest Expense Chart

Max Financial Services 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 -253.74 -215.69 -670.10 -572.40 -931.30

Max Financial Services 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 -250.60 -205.30 -209.50 -263.00 -253.50

Max Financial Services 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 ₹-931 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.

Max Financial Services  (BOM:500271) 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.

Max Financial Services's Interest Expense for the three months ended in Mar. 2024 was ₹-254 Mil. Its EBIT for the three months ended in Mar. 2024 was ₹-340 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹5,226 Mil.

Max Financial Services's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Max Financial Services did not have earnings to cover the interest expense.

* 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.

Max Financial Services (BOM:500271) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Max Financial Services Ltd (BOM:500271) » Definitions » Interest Expense
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Traded in Other Exchanges
MFSL:India
Address
L20M, Plot No. C-001/A/1, Sector 16B, Max Towers, Noida, UP, IND, 201301
Website
https://www.maxfinancialservices.com
Max Financial Services Ltd is a non-bank private life insurance company. Max Group entities are Max Life Insurance Company, Max India, and Max Venture & Industries. Max Life Insurance Company is co-owned by Max Financial Services and Mitsui Sumitomo Insurance, a Japanese life insurance company. Max India offers healthcare and health insurance. The Max-Ventures and Industries division is an entrepreneurial division that helps the government with economic and commercial efforts. The company's operating segment involves Business Investment and Life Insurance. It earns the majority of revenue from Life Insurance segment.

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