Mahindra & Mahindra Financial Services (NSE:M&MFIN) Interest Expense : ₹-52,558 Mil (TTM As of Mar. 2024)

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What is Mahindra & Mahindra Financial Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mahindra & Mahindra Financial Services's interest expense for the three months ended in Mar. 2024 was ₹ -18,609 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-52,558 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. Mahindra & Mahindra Financial Services's Operating Income for the three months ended in Mar. 2024 was ₹ Mil. Mahindra & Mahindra Financial Services's Interest Expense for the three months ended in Mar. 2024 was ₹ Mil. 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.

Mahindra & Mahindra Financial Services Interest Expense Historical Data

The historical data trend for Mahindra & Mahindra Financial Services'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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Mahindra & Mahindra Financial Services Interest Expense Chart

Mahindra & Mahindra Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-54,725.80

-50,674.70

-43,735.90

-50,943.00

-69,592.00

Mahindra & Mahindra Financial Services 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															-13,729.70	-14,774.00	-15,971.90	-17,977.60	-18,608.80

Mahindra & Mahindra Financial Services 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 ₹-52,558 Mil.

Mahindra & Mahindra Financial Services (NSE:M&MFIN) Business Description

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532720:India

Address

Dr. G M. Bhosale Marg, 4th Floor, Mahindra Towers, A Wing, P.K. Kurne Chowk, Worli, Mumbai, MH, IND, 400 018

Website

https://www.mahindrafinance.com

Mahindra & Mahindra Financial Services Ltd is a subsidiary of the Indian conglomerate Mahinda & Mahindra. The company is a nonbanking financial company that serves the financing needs of a sizable population residing in nonmetropolitan areas of India. The company provides a wide range of retail products and services, including financing vehicles for commercial and personal use, tractors, small to medium enterprise loans, and other financial products. The company also operates in other niche markets. It has introduced mutual fund distributions, fixed deposit products, and personal loans. The company's main source of revenue is interest income from its loans.

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