IIFL Securities (BOM:542773) Interest Expense : ₹-1,480 Mil (TTM As of Mar. 2024)

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What is IIFL Securities Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IIFL Securities's interest expense for the three months ended in Mar. 2024 was ₹ -540 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1,480 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. IIFL Securities's Operating Income for the three months ended in Mar. 2024 was ₹ 1,686 Mil. IIFL Securities's Interest Expense for the three months ended in Mar. 2024 was ₹ -540 Mil. IIFL Securities's Interest Coverage for the quarter that ended in Mar. 2024 was 3.13. 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.

IIFL Securities Interest Expense Historical Data

The historical data trend for IIFL Securities'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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IIFL Securities Interest Expense Chart

IIFL Securities Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-979.00

-422.27

-799.45

-755.55

-1,480.27

IIFL Securities 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															-194.35	-209.97	-301.60	-429.20	-539.50

IIFL Securities 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 ₹-1,480 Mil.

IIFL Securities (BOM:542773) 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.

IIFL Securities's Interest Expense for the three months ended in Mar. 2024 was ₹-540 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹1,686 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹11,538 Mil.

IIFL Securities'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	*	1686.023	/	-539.5
	=	3.13

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

IIFL Securities (BOM:542773) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » IIFL Securities Ltd (BOM:542773) » Definitions » Interest Expense

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Traded in Other Exchanges

IIFLSEC:India

Address

N. S. Phadke Marg, Ground Floor, Hubtown Solaris, Vijay Nagar, Andheri (East), Mumbai, MH, IND, 400 069

Website

https://www.iiflsecurities.com

IIFL Securities Ltd offers a wide range of financial services. Its business segments consist of Capital market activity, Insurance Broking, Facilities and ancillary, and Others. The company's products include Non-Banking and Housing Finance, Wealth and Asset Management, Financial Advisory and Broking, Mutual Funds and Financial Product Distribution, Investment Banking, Institutional Equities, Realty Broking, and Advisory Services. It generates maximum revenue from the Capital market segment.

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