Bharat Electronics (NSE:BEL) Interest Expense : ₹-61 Mil (TTM As of Mar. 2024)

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What is Bharat Electronics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bharat Electronics's interest expense for the three months ended in Mar. 2024 was ₹ -41 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-61 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. Bharat Electronics's Operating Income for the three months ended in Mar. 2024 was ₹ 21,687 Mil. Bharat Electronics's Interest Expense for the three months ended in Mar. 2024 was ₹ -41 Mil. Bharat Electronics's Interest Coverage for the quarter that ended in Mar. 2024 was 535.48. 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.

Bharat Electronics Interest Expense Historical Data

The historical data trend for Bharat Electronics'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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Bharat Electronics Interest Expense Chart

Bharat Electronics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-29.60

-58.10

-46.60

-149.50

-71.40

Bharat Electronics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-97.20	-24.60	-15.10	-5.10	-40.50

Bharat Electronics 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 ₹-61 Mil.

Bharat Electronics (NSE:BEL) 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.

Bharat Electronics's Interest Expense for the three months ended in Mar. 2024 was ₹-41 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹21,687 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹603 Mil.

Bharat Electronics'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	*	21686.9	/	-40.5
	=	535.48

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Bharat Electronics Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Bharat Electronics (NSE:BEL) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Bharat Electronics Ltd (NSE:BEL) » Definitions » Interest Expense

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500049:India

Address

Outer Ring Road, Nagavara, Bengaluru, KA, IND, 560 045

Website

https://bel-india.in

Bharat Electronics Ltd is an aerospace and defense company owned by the Indian government. It manufactures a wide range of specialized electronics for defense and civilian use. Its investments are made in research and development to meet the ever-changing needs of customers and to test products in its pipeline. With approximately three fourths of its revenue derived from the defense sector, relationships with government officials and military camps are critical. The company created a marketing division to take advantage of export opportunities. It ships products to countries with favorable relationships to India and looks to identify long-term supply chain relationships with global players.

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