Larsen & Toubro (Larsen & Toubro) Interest Expense : $-428 Mil (TTM As of Mar. 2024)

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What is Larsen & Toubro Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Larsen & Toubro's interest expense for the three months ended in Mar. 2024 was $ -112 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-428 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. Larsen & Toubro's Operating Income for the three months ended in Mar. 2024 was $ 748 Mil. Larsen & Toubro's Interest Expense for the three months ended in Mar. 2024 was $ -112 Mil. Larsen & Toubro's Interest Coverage for the quarter that ended in Mar. 2024 was 6.71. 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.

Larsen & Toubro Interest Expense Historical Data

The historical data trend for Larsen & Toubro'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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Larsen & Toubro Interest Expense Chart

Larsen & Toubro Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-365.30

-536.19

-401.03

-389.85

-427.10

Larsen & Toubro 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															-98.83	-103.54	-104.01	-108.60	-111.58

Larsen & Toubro 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 $-428 Mil.

Larsen & Toubro (OTCPK:LTOUF) 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.

Larsen & Toubro's Interest Expense for the three months ended in Mar. 2024 was $-112 Mil. Its Operating Income for the three months ended in Mar. 2024 was $748 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $7,015 Mil.

Larsen & Toubro'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	*	748.337	/	-111.575
	=	6.71

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

Larsen & Toubro (Larsen & Toubro) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Larsen & Toubro Ltd (OTCPK:LTOUF) » Definitions » Interest Expense

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Address

Norottarn Morarjee Marg , L&T House, Ballard Estate, P. O. Box: 278, Mumbai, MH, IND, 400 001

Website

https://www.larsentoubro.com

Larsen & Toubro Ltd is a technology, engineering, manufacturing, and financial services conglomerate. It enters contracts to construct various facilities, develop solutions for offshore and onshore hydrocarbon projects, serve power plants, build ships, and perform other engineering projects. Its integrated capabilities help customers throughout the entire value chain, from design to delivering a project. The company has several operating segments: Infrastructure segment; Energy Projects segment, Hi-Tech Manufacturing segment and Other segments. Larsen & Toubro can supply customized solutions or standardized components for reproduction, and its service network boosts aftermarket sales.

Larsen & Toubro (Larsen & Toubro) Headlines

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