Castrol India (BOM:500870) Interest Expense : ₹-65 Mil (TTM As of Mar. 2024)

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What is Castrol India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Castrol India's interest expense for the three months ended in Mar. 2024 was ₹ -21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-65 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. Castrol India's Operating Income for the three months ended in Mar. 2024 was ₹ 2,700 Mil. Castrol India's Interest Expense for the three months ended in Mar. 2024 was ₹ -21 Mil. Castrol India's Interest Coverage for the quarter that ended in Mar. 2024 was 127.37. 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.

Castrol India Interest Expense Historical Data

The historical data trend for Castrol 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.

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Castrol India Interest Expense Chart

Castrol India Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-11.90

-41.60

-24.10

-40.10

-75.30

Castrol India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-15.70	-16.50	-24.10	-20.00	-21.20

Castrol 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 ₹-65 Mil.

Castrol India (BOM:500870) 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.

Castrol India's Interest Expense for the three months ended in Mar. 2024 was ₹-21 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹2,700 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0 Mil.

Castrol 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	*	2700.3	/	-21.2
	=	127.37

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Castrol India Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Castrol India (BOM:500870) Business Description

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CASTROLIND:India

Address

Mahakali Caves Road, Technopolis Knowledge Park, Chakala, Andheri East, Mumbai, MH, IND, 400093

Website

http://www.castrol.co.in

Castrol India Ltd manufactures and sells engine oil, transmission fluids, and other lubricants to the automotive industry. It sells its products under the Castrol brand. The company's reportable business segment consists of a single segment of Lubricants. The majority of all revenue comes from India.

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