3M India (BOM:523395) Interest Expense : ₹-32 Mil (TTM As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is 3M India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. 3M India's interest expense for the three months ended in Mar. 2024 was ₹ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-32 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. 3M India's Operating Income for the three months ended in Mar. 2024 was ₹ 2,014 Mil. 3M India's Interest Expense for the three months ended in Mar. 2024 was ₹ -7 Mil. 3M India's Interest Coverage for the quarter that ended in Mar. 2024 was 270.38. 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.

3M India Interest Expense Historical Data

The historical data trend for 3M 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.

* Premium members only.

3M India Interest Expense Chart

3M India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

Get a 7-Day Free Trial

-36.56

-24.48

-35.03

-72.70

-32.17

3M India 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															-57.83	-9.59	-7.46	-7.67	-7.45

3M 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 ₹-32 Mil.

3M India (BOM:523395) 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.

3M India's Interest Expense for the three months ended in Mar. 2024 was ₹-7 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹2,014 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹88 Mil.

3M 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	*	2013.784	/	-7.448
	=	270.38

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. 3M India Ltd has enough cash to cover all of its debt. Its financial situation is stable.

3M India (BOM:523395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » 3M India Ltd (BOM:523395) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

3MINDIA:India

Address

36 Infantry Road, WeWork Prestige Central, 3rd Floor, Tasker Town, Bengaluru, KA, IND, 560001

Website

https://www.3m.com

3M India Ltd is an Indian conglomerate operating in various industries. The company's operating segments include Safety and Industrial which includes vinyl, polyester, foil, and specialty industrial tapes and adhesives and other specialty Materials. Transportation and Electronics consist of personal protection products, border control products, and passive fire protection products. Consumer business includes products scotch brand, adhesives, packaging protection platforms, and others whereas the Healthcare segment consists of medical and surgical supplies, medical devices, skin and wound care and infection prevention products and solutions, drug delivery systems, dental and orthodontic products, and food safety products.

3M India (BOM:523395) Headlines

No Headlines