Jindalw (BOM:500378) Interest Expense : ₹-5,716 Mil (TTM As of Mar. 2024)

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What is Jindalw Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jindalw's interest expense for the three months ended in Mar. 2024 was ₹ -422 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-5,716 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. Jindalw's Operating Income for the three months ended in Mar. 2024 was ₹ 6,183 Mil. Jindalw's Interest Expense for the three months ended in Mar. 2024 was ₹ -422 Mil. Jindalw's Interest Coverage for the quarter that ended in Mar. 2024 was 14.65. 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.

Jindalw Interest Expense Historical Data

The historical data trend for Jindalw'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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Jindalw Interest Expense Chart

Jindalw Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-4,865.94

-3,893.37

-3,710.13

-4,729.80

-5,716.27

Jindalw 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															37.70	-1,595.00	-1,887.40	-1,811.90	-421.97

Jindalw 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 ₹-5,716 Mil.

Jindalw (BOM:500378) 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.

Jindalw's Interest Expense for the three months ended in Mar. 2024 was ₹-422 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹6,183 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹22,389 Mil.

Jindalw'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	*	6183.203	/	-421.967
	=	14.65

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

Jindalw (BOM:500378) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jindal Saw Ltd (BOM:500378) » Definitions » Interest Expense

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JINDALSAW:India

Address

12 Bhikaiji Cama Place, Jindal Centre, New Delhi, IND, 110066

Website

https://www.jindalsaw.com

Jindal Saw Ltd is an Indian manufacturer and supplier of iron and steel pipes, fittings, and pellets. Its products can be used in oil and gas exploration, transportation, power generation, the supply of drinking water, drainage, and irrigation, as well as other industrial applications. It operates in two segments namely Iron and steel products and Waterways Logistics. The company operations are located in India, United States, Italy, United Arab Emirates, and Algeria. Geographically, it generates the majority of the revenue from India.

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