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India Tourism Development (BOM:532189) Interest Expense : ₹-32 Mil (TTM As of Mar. 2024)


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What is India Tourism Development Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. India Tourism Development's interest expense for the three months ended in Mar. 2024 was ₹ -26 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. India Tourism Development's Operating Income for the three months ended in Mar. 2024 was ₹ 307 Mil. India Tourism Development's Interest Expense for the three months ended in Mar. 2024 was ₹ -26 Mil. India Tourism Development's Interest Coverage for the quarter that ended in Mar. 2024 was 11.79. 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.

India Tourism Development Interest Expense Historical Data

The historical data trend for India Tourism Development'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.

India Tourism Development Interest Expense Chart

India Tourism Development 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 -0.79 -0.79 -0.79 -8.91 -32.34

India Tourism Development 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 -1.50 -1.98 -2.35 -1.97 -26.05

India Tourism Development 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.

* 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.

India Tourism Development  (BOM:532189) 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.

India Tourism Development's Interest Expense for the three months ended in Mar. 2024 was ₹-26 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹307 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0 Mil.

India Tourism Development'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*307.137/-26.049
=11.79

* 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.

India Tourism Development (BOM:532189) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » India Tourism Development Corp Ltd (BOM:532189) » Definitions » Interest Expense
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Traded in Other Exchanges
ITDC:India
Address
7 Lodi Road, Scope Complex, Core 8, 6th Floor, New Delhi, IND, 110003
Website
https://www.itdc.co.in
India Tourism Development Corp Ltd operates in the hotel industry. The company's operating segment includes Hotel/Restaurant Operations; Duty Free Shops Operations; Travel and Tour Operations; Ashok Events and Misc. Operations; Construction, Consultancy and SEL Projects and Others. It generates maximum revenue from the Hotel/Restaurant Operations segment.

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