360 One Wam (BOM:542772) Interest Expense : ₹-6,228 Mil (TTM As of Mar. 2024)

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What is 360 One Wam Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. 360 One Wam's interest expense for the three months ended in Mar. 2024 was ₹ -2,046 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-6,228 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. 360 One Wam's Operating Income for the three months ended in Mar. 2024 was ₹ 1,219 Mil. 360 One Wam's Interest Expense for the three months ended in Mar. 2024 was ₹ -2,046 Mil. 360 One Wam's Interest Coverage for the quarter that ended in Mar. 2024 was 0.60. 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.

360 One Wam Interest Expense Historical Data

The historical data trend for 360 One Wam'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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360 One Wam Interest Expense Chart

360 One Wam Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-4,934.47

-4,062.20

-3,629.20

-3,992.00

-6,434.90

360 One Wam 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															-1,071.80	-1,106.10	-1,399.10	-1,676.80	-2,045.80

360 One Wam 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 ₹-6,228 Mil.

360 One Wam (BOM:542772) 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.

360 One Wam's Interest Expense for the three months ended in Mar. 2024 was ₹-2,046 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹1,219 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹93,512 Mil.

360 One Wam'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	*	1218.8	/	-2045.8
	=	0.60

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. 360 One Wam Ltd interest coverage is 1.18, which is low.

360 One Wam (BOM:542772) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » 360 One Wam Ltd (BOM:542772) » Definitions » Interest Expense

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360ONE:India

Address

Senapati Bapat Marg, IIFL Centre, Kamala City, Lower Parel (West), Mumbai, MH, IND, 400013

Website

https://www.iiflwealth.com

360 One Wam Ltd formerly IIFL Wealth Management Ltd is a private wealth management firm in India. Its business is divided into two parts Wealth Management and Asset Management. The Company's main business is to provide transaction structuring relating to financial products to its clients. The company serves high net worth and ultra-high net worth individuals, affluent families, family offices and institutional clients through a range of wealth management solutions. It generates maximum revenue from the Wealth Management segment.

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