Phoenix Mills (BOM:503100) Interest Expense : ₹-3,959 Mil (TTM As of Mar. 2024)

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What is Phoenix Mills Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Phoenix Mills's interest expense for the three months ended in Mar. 2024 was ₹ -995 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-3,959 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. Phoenix Mills's Operating Income for the three months ended in Mar. 2024 was ₹ 5,510 Mil. Phoenix Mills's Interest Expense for the three months ended in Mar. 2024 was ₹ -995 Mil. Phoenix Mills's Interest Coverage for the quarter that ended in Mar. 2024 was 5.54. 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.

Phoenix Mills Interest Expense Historical Data

The historical data trend for Phoenix Mills'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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Phoenix Mills Interest Expense Chart

Phoenix Mills Annual Data

Trend

Mar15

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Mar17

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Mar21

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Mar23

Mar24

Interest Expense

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-3,440.69

-3,460.74

-2,922.54

-3,411.83

-3,958.68

Phoenix Mills 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															-970.93	-956.55	-964.80	-1,041.85	-995.48

Phoenix Mills 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 ₹-3,959 Mil.

Phoenix Mills (BOM:503100) 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.

Phoenix Mills's Interest Expense for the three months ended in Mar. 2024 was ₹-995 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹5,510 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹38,341 Mil.

Phoenix Mills'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	*	5510.002	/	-995.481
	=	5.54

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

Phoenix Mills (BOM:503100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Phoenix Mills Ltd (BOM:503100) » Definitions » Interest Expense

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PHOENIXLTD:India

Address

Off. Dr. E. Moses Road, R. R. Hosiery Building, 2nd Floor, Shree Laxmi Woollen Mills Estate, Mahalaxmi, Mumbai, MH, IND, 400 011

Website

https://www.thephoenixmills.com

Phoenix Mills Ltd is a real estate development company operating in India. The group's development strategy includes converting land underlying abandoned mills into modern, multi-use, integrated property. The group is involved in all aspects of development, including planning, construction, and marketing, as well as management, maintenance, and sales of the complete development. These properties include retail, hospitality, commercial, and residential complexes. The majority of the company's revenue is derived from license fees and rental income. Its segments comprise Property and related services segment that provide mall /office areas on a license basis and development of commercial/residential properties. The Hospitality segment engages in the operation of hotels and restaurants.

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