Prestige Estates Projects (BOM:533274) Interest Expense : ₹-9,648 Mil (TTM As of Dec. 2023)

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What is Prestige Estates Projects Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prestige Estates Projects's interest expense for the three months ended in Dec. 2023 was ₹ -2,932 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-9,648 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. Prestige Estates Projects's Operating Income for the three months ended in Dec. 2023 was ₹ 3,718 Mil. Prestige Estates Projects's Interest Expense for the three months ended in Dec. 2023 was ₹ -2,932 Mil. Prestige Estates Projects's Interest Coverage for the quarter that ended in Dec. 2023 was 1.27. 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.

Prestige Estates Projects Interest Expense Historical Data

The historical data trend for Prestige Estates Projects'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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Prestige Estates Projects Interest Expense Chart

Prestige Estates Projects Annual Data

Trend

Mar14

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Mar23

Interest Expense

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-6,888.00

-9,784.00

-9,519.00

-5,143.00

-7,414.00

Prestige Estates Projects Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-2,009.00	-1,695.00	-2,382.00	-2,639.00	-2,932.00

Prestige Estates Projects 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-9,648 Mil.

Prestige Estates Projects (BOM:533274) 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.

Prestige Estates Projects's Interest Expense for the three months ended in Dec. 2023 was ₹-2,932 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹3,718 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Prestige Estates Projects's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	3718	/	-2932
	=	1.27

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

Prestige Estates Projects (BOM:533274) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Prestige Estates Projects Ltd (BOM:533274) » Definitions » Interest Expense

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PRESTIGE:India

Address

No. 19, Brunton Road, Prestige Falcon Tower, Bangalore, KA, IND, 560025

Website

https://www.prestigeconstructions.com

Prestige Estates Projects Ltd is a real estate development group operating in South India, including in the cities of Chennai, Hyderabad, Kochi, Mysuru, Mangaluru, and Goa. The Prestige Group's property portfolio covers the residential, commercial, retail, property management, and hospitality segments. Projects include landmark malls, large townships, tech parks, hotels, and luxury villas. Most of the company's completed projects come from its Residential segment, while the overwhelming majority of new projects are also from its residential segment. The company generates the majority of its revenue from the Residential segment.

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