POWERGRID Infrastructure Investment Trust (BOM:543290) Interest Expense : ₹-414 Mil (TTM As of Mar. 2023)

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What is POWERGRID Infrastructure Investment Trust Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. POWERGRID Infrastructure Investment Trust's interest expense for the three months ended in Mar. 2023 was ₹ -112 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₹-414 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. POWERGRID Infrastructure Investment Trust's Operating Income for the three months ended in Mar. 2023 was ₹ 2,080 Mil. POWERGRID Infrastructure Investment Trust's Interest Expense for the three months ended in Mar. 2023 was ₹ -112 Mil. POWERGRID Infrastructure Investment Trust's Interest Coverage for the quarter that ended in Mar. 2023 was 18.52. 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.

POWERGRID Infrastructure Investment Trust Interest Expense Historical Data

The historical data trend for POWERGRID Infrastructure Investment Trust'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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POWERGRID Infrastructure Investment Trust Interest Expense Chart

POWERGRID Infrastructure Investment Trust Annual Data

Trend

Mar18

Mar19

Mar20

Mar22

Mar23

Interest Expense

-1,157.56

-3,280.78

-4,289.38

-0.91

-413.83

POWERGRID Infrastructure Investment Trust Quarterly Data
	Mar18	Mar19	Mar20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Interest Expense	Get a 7-Day Free Trial							-0.91	-82.84	-102.86	-115.78	-112.35

POWERGRID Infrastructure Investment Trust 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-414 Mil.

POWERGRID Infrastructure Investment Trust (BOM:543290) 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.

POWERGRID Infrastructure Investment Trust's Interest Expense for the three months ended in Mar. 2023 was ₹-112 Mil. Its Operating Income for the three months ended in Mar. 2023 was ₹2,080 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was ₹5,692 Mil.

POWERGRID Infrastructure Investment Trust's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	2080.47	/	-112.35
	=	18.52

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

POWERGRID Infrastructure Investment Trust (BOM:543290) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » POWERGRID Infrastructure Investment Trust (BOM:543290) » Definitions » Interest Expense

Traded in Other Exchanges

PGINVIT:India

Address

Plot No. 2, Sector 29, Gurgaon, HR, IND, 122 001

Website

http://www.pginvit.in

POWERGRID Infrastructure Investment Trust own, construct, operate, maintain and invest as an infrastructure investment trust as permissible in terms of the InvIT Regulations, including in power transmission assets in India. Its primary business segment is namely power transmission network for the transmission system.

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