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The Shipping of India (BOM:523598) Interest Expense : ₹-1,822 Mil (TTM As of Mar. 2024)


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What is The Shipping of India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Shipping of India's interest expense for the three months ended in Mar. 2024 was ₹ -531 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1,822 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. The Shipping of India's Operating Income for the three months ended in Mar. 2024 was ₹ 708 Mil. The Shipping of India's Interest Expense for the three months ended in Mar. 2024 was ₹ -531 Mil. The Shipping of India's Interest Coverage for the quarter that ended in Mar. 2024 was 1.33. 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.

The Shipping of India Interest Expense Historical Data

The historical data trend for The Shipping of 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.

The Shipping of India Interest Expense Chart

The Shipping of India 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 -1,984.80 -960.60 -655.50 -1,841.90 -1,713.10

The Shipping of 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 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 -1,028.90 -354.60 -556.50 -379.80 -531.30

The Shipping of 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 ₹-1,822 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.

The Shipping of India  (BOM:523598) 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.

The Shipping of India's Interest Expense for the three months ended in Mar. 2024 was ₹-531 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹708 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹15,838 Mil.

The Shipping of 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*708.2/-531.3
=1.33

* 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.

The Shipping of India (BOM:523598) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » The Shipping Corp of India Ltd (BOM:523598) » Definitions » Interest Expense
Comparable Companies
BOM:533248 BOM:526807 BOM:543273 NSE:GESHIP NSE:MARINE BOM:520151 BOM:533704 NSE:ACSAL BOM:501848 BOM:501833 BSP:PSVM11 XTER:HLAG OCSE:MAERSK B HKSE:01919 BOM:532921 SHSE:600018 TSE:9101 TSE:9104 SHSE:601018 HKSE:00316
Traded in Other Exchanges
SCI:India
Address
245, Madame Cama Road, Shipping House, Nariman Point, Mumbai, MH, IND, 400021
Website
http://www.shipindia.com
The Shipping Corp of India Ltd is engaged in the sea and coastal freight water transport business. The company's segments include Liner, Bulk, Tanker, Technical and Offshore service, and others. Its Liner segment includes break-bulk, container transport, passenger and research vessels. The Bulk segment consists of dry bulk carriers. The tankers segment that derives the majority revenue comprises of crude and product carriers, gas carriers, and phosphoric acid carriers. The company's Technical and Offshore services segment covers owned offshore vessels and the others segment incorporates income earned from the maritime training institute. Its business operations are confined only to India.

The Shipping of India (BOM:523598) Headlines

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