RattanIndia Enterprises (BOM:534597) Interest Expense : ₹-1,135 Mil (TTM As of Mar. 2024)

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What is RattanIndia Enterprises Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. RattanIndia Enterprises's interest expense for the three months ended in Mar. 2024 was ₹ -287 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1,135 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. RattanIndia Enterprises's Operating Income for the three months ended in Mar. 2024 was ₹ 209 Mil. RattanIndia Enterprises's Interest Expense for the three months ended in Mar. 2024 was ₹ -287 Mil. RattanIndia Enterprises's Interest Coverage for the quarter that ended in Mar. 2024 was 0.73. 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.

RattanIndia Enterprises Interest Expense Historical Data

The historical data trend for RattanIndia Enterprises'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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RattanIndia Enterprises Interest Expense Chart

RattanIndia Enterprises Annual Data

Trend

Mar15

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Mar24

Interest Expense

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-12.27

-18.22

-492.58

-1,135.09

RattanIndia Enterprises 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															-213.78	-236.39	-287.53	-324.63	-286.54

RattanIndia Enterprises 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 ₹-1,135 Mil.

RattanIndia Enterprises (BOM:534597) 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.

RattanIndia Enterprises's Interest Expense for the three months ended in Mar. 2024 was ₹-287 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹209 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹234 Mil.

RattanIndia Enterprises'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	*	208.76	/	-286.54
	=	0.73

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

RattanIndia Enterprises (BOM:534597) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » RattanIndia Enterprises Ltd (BOM:534597) » Definitions » Interest Expense

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RTNINDIA:India

Address

Tower-B, Worldmark 1, 5th Floor, Aerocity, New Delhi, IND, 110037

Website

https://www.rattanindia.com

RattanIndia Enterprises Ltd is an investment holding company. The company focuses on businesses such as e-commerce, electric vehicles, fintech, and drones. It generates maximum revenue from the Retail- E-commerce business segment.

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