Indian Oil (NSE:IOC) Interest Expense : ₹-60,822 Mil (TTM As of Mar. 2024)

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What is Indian Oil Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Indian Oil's interest expense for the three months ended in Mar. 2024 was ₹ -21,471 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-60,822 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. Indian Oil's Operating Income for the three months ended in Mar. 2024 was ₹ 79,433 Mil. Indian Oil's Interest Expense for the three months ended in Mar. 2024 was ₹ -21,471 Mil. Indian Oil's Interest Coverage for the quarter that ended in Mar. 2024 was 3.70. 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.

Indian Oil Interest Expense Historical Data

The historical data trend for Indian Oil'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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Indian Oil Interest Expense Chart

Indian Oil Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-50,232.60

-43,583.00

-42,967.70

-75,413.60

-78,256.50

Indian Oil 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															-21,220.70	-19,573.60	-21,350.30	-18,000.30	-21,471.10

Indian Oil 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 ₹-60,822 Mil.

Indian Oil (NSE:IOC) 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.

Indian Oil's Interest Expense for the three months ended in Mar. 2024 was ₹-21,471 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹79,433 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹531,249 Mil.

Indian Oil'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	*	79433	/	-21471.1
	=	3.70

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

Indian Oil (NSE:IOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Indian Oil Corp Ltd (NSE:IOC) » Definitions » Interest Expense

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530965:India

Address

J.B. Tito Marg, 3079/3, Sadiq Nagar, New Delhi, IND, 110 049

Website

https://www.iocl.com

Indian Oil Corp Ltd conducts business across the energy value chain as India's national oil company. The Petroleum Products business generates the majority of the group's revenue. Indian Oil pursues exploration and production opportunities both domestically and internationally. Sale of Petrochemicals , Other operating segment of the Corporation comprises; Gas, Oil & Gas Exploration Activities, Explosives & Cryogenic Business and Wind Mill & Solar Power Generation. A network of pipelines in India not only transport oil from company fields but also to and from its refineries. The pipeline network spans across India and can move various petroleum products. The firm's refinery operations include a host of technologies for processing oil and gas to meet the needs of a diverse client base.