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Star Cement (BOM:540575) Interest Expense : ₹-126 Mil (TTM As of Mar. 2024)


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What is Star Cement Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Star Cement's interest expense for the three months ended in Mar. 2024 was ₹ -42 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-126 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. Star Cement's Operating Income for the three months ended in Mar. 2024 was ₹ 1,375 Mil. Star Cement's Interest Expense for the three months ended in Mar. 2024 was ₹ -42 Mil. Star Cement's Interest Coverage for the quarter that ended in Mar. 2024 was 33.12. 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.

Star Cement Interest Expense Historical Data

The historical data trend for Star Cement'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.

Star Cement Interest Expense Chart

Star Cement Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only -75.87 -52.08 -108.68 -96.95 -126.01

Star Cement 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 -11.75 -22.41 -32.45 -29.64 -41.51

Star Cement 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 ₹-126 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.

Star Cement  (BOM:540575) 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.

Star Cement's Interest Expense for the three months ended in Mar. 2024 was ₹-42 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹1,375 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹848 Mil.

Star Cement'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*1374.568/-41.507
=33.12

* 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.

Star Cement (BOM:540575) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Star Cement Ltd (BOM:540575) » Definitions » Interest Expense
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Traded in Other Exchanges
STARCEMENT:India
Address
P-15/1, Taratala Main Road, Century House, 2nd Floor, CPT Colony, Kolkata, WB, IND, 700 088
Website
https://www.starcement.co.in
Star Cement Ltd is a cement company in India. It offers Cement and Cement linker products. The group markets clinker to different grinding units in North East India and parts of Eastern India. It also exports clinker to neighbouring countries like Nepal and Bhutan. The company's product range comprises Ordinary portland cement, Portland pozzolana cement, and Portland slag cement. The company sells its products in India, Nepal and Bhutan, of which prime revenue is generated from the sales made in India.

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