Shree Cement (BOM:500387) Interest Expense : ₹-2,643 Mil (TTM As of Dec. 2023)

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What is Shree Cement Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shree Cement's interest expense for the three months ended in Dec. 2023 was ₹ -549 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-2,643 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. Shree Cement's Operating Income for the three months ended in Dec. 2023 was ₹ 8,201 Mil. Shree Cement's Interest Expense for the three months ended in Dec. 2023 was ₹ -549 Mil. Shree Cement's Interest Coverage for the quarter that ended in Dec. 2023 was 14.93. 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.

Shree Cement Interest Expense Historical Data

The historical data trend for Shree Cement'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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Shree Cement Interest Expense Chart

Shree Cement Annual Data

Trend

Jun14

Jun15

Mar16

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Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-1,962.90

-2,886.60

-2,489.60

-2,126.00

-2,595.80

Shree Cement Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-701.60	-679.80	-743.10	-670.50	-549.20

Shree Cement 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-2,643 Mil.

Shree Cement (BOM:500387) 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.

Shree Cement's Interest Expense for the three months ended in Dec. 2023 was ₹-549 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹8,201 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Shree Cement's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	8200.9	/	-549.2
	=	14.93

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

Shree Cement (BOM:500387) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Shree Cement Ltd (BOM:500387) » Definitions » Interest Expense

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SHREECEM:India

Address

21 Strand Road, Kolkata, WB, IND, 700 001

Website

https://www.shreecement.com

Shree Cement Ltd manufactures and sells cement and cement-related products to the building and construction industries. It derives revenue from Cement, Clinker and Power sales, of which Cement products contribute majorly to the revenue. The Cement products are offered under the brands Shree Jung Rodhak and Bangur, among others. Nearly all of the firm's revenue comes from India.

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