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Aditya Birla Capital (BOM:540691) Interest Expense : ₹-76,319 Mil (TTM As of Mar. 2024)


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What is Aditya Birla Capital Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aditya Birla Capital's interest expense for the three months ended in Mar. 2024 was ₹ -21,255 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-76,319 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. Aditya Birla Capital's Operating Income for the three months ended in Mar. 2024 was ₹ 37,377 Mil. Aditya Birla Capital's Interest Expense for the three months ended in Mar. 2024 was ₹ -21,255 Mil. Aditya Birla Capital's Interest Coverage for the quarter that ended in Mar. 2024 was 1.76. 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.


Aditya Birla Capital Interest Expense Historical Data

The historical data trend for Aditya Birla Capital'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.

Aditya Birla Capital Interest Expense Chart

Aditya Birla Capital 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 -46,471.20 -39,313.60 -34,904.00 -47,328.10 -76,319.30

Aditya Birla Capital 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 -14,804.40 -16,738.20 -18,300.60 -20,025.30 -21,255.20

Aditya Birla Capital 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 ₹-76,319 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.


Aditya Birla Capital  (BOM:540691) 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.

Aditya Birla Capital's Interest Expense for the three months ended in Mar. 2024 was ₹-21,255 Mil. Its EBIT for the three months ended in Mar. 2024 was ₹37,377 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,101,393 Mil.

Aditya Birla Capital's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* EBIT (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*37376.6/-21255.2
=1.76

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Aditya Birla Capital Ltd interest coverage is 1.6, which is low.


Aditya Birla Capital (BOM:540691) Business Description

Traded in Other Exchanges
Address
841, Senapati Bapat Marg, Elphinstone Road, One World Centre, Tower 1, 18th Floor, Jupiter Mills Compound, Mumbai, MH, IND, 400 013
Aditya Birla Capital Ltd is a financial service provider. The company's products include Non-Bank Financial Services, Housing Finance, Life Insurance, Asset Management, General Insurance Broking, Stock and Securities Broking, Health Insurance and Other Financial Services. Geographically, it derives a majority of its revenue from India.

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