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Lloyds Metals & Energy (BOM:512455) Interest Expense : ₹-57 Mil (TTM As of Mar. 2024)


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What is Lloyds Metals & Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lloyds Metals & Energy's interest expense for the three months ended in Mar. 2024 was ₹ -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-57 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. Lloyds Metals & Energy's Operating Income for the three months ended in Mar. 2024 was ₹ 4,419 Mil. Lloyds Metals & Energy's Interest Expense for the three months ended in Mar. 2024 was ₹ -23 Mil. Lloyds Metals & Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 190.47. 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.


Lloyds Metals & Energy Interest Expense Historical Data

The historical data trend for Lloyds Metals & Energy'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.

Lloyds Metals & Energy Interest Expense Chart

Lloyds Metals & Energy 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 -138.35 -141.87 -159.90 -650.40 -56.80

Lloyds Metals & Energy 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 -172.80 -5.10 -9.90 -18.60 -23.20

Lloyds Metals & Energy 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 ₹-57 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.


Lloyds Metals & Energy  (BOM:512455) 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.

Lloyds Metals & Energy's Interest Expense for the three months ended in Mar. 2024 was ₹-23 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹4,419 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹294 Mil.

Lloyds Metals & Energy'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*4419/-23.2
=190.47

* 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.

Good Sign:

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


Lloyds Metals & Energy (BOM:512455) Business Description

Traded in Other Exchanges
Address
Pandurang Budhkar Marg, A2, 2nd Floor, Madhu Estate, Lower Parel (West), Mumbai, MH, IND, 400013
Lloyds Metals & Energy Ltd is an Indian coal-based sponge iron producer, engaged in the manufacturing of sponge iron and steel, and generation/distribution of Power. The firm's main segment activities are Sponge Iron and Mining. The company generates most of its revenues from the sale of Mining segment.

Lloyds Metals & Energy (BOM:512455) Headlines

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