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Tata Steel (STU:HWHG) Interest Expense : €-837 Mil (TTM As of Mar. 2024)


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What is Tata Steel Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tata Steel's interest expense for the three months ended in Mar. 2024 was € -204 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-837 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. Tata Steel's Operating Income for the three months ended in Mar. 2024 was € 447 Mil. Tata Steel's Interest Expense for the three months ended in Mar. 2024 was € -204 Mil. Tata Steel's Interest Coverage for the quarter that ended in Mar. 2024 was 2.19. 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.

Tata Steel Interest Expense Historical Data

The historical data trend for Tata Steel'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.

* Premium members only.

Tata Steel Interest Expense Chart

Tata Steel Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -920.28 -877.46 -650.97 -715.11 -831.95

Tata Steel 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -203.63 -204.88 -221.01 -207.16 -204.15

Tata Steel 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 €-837 Mil.

* 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.

Tata Steel  (STU:HWHG) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Tata Steel's Interest Expense for the three months ended in Mar. 2024 was €-204 Mil. Its Operating Income for the three months ended in Mar. 2024 was €447 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €6,218 Mil.

Tata Steel'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*446.881/-204.149
=2.19

* 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.

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

Tata Steel (STU:HWHG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tata Steel Ltd (STU:HWHG) » Definitions » Interest Expense
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BOM:500228 BOM:532286 BOM:526371 BOM:533758 BOM:532508 BOM:500113 BOM:512455 NSE:KIOCL BOM:520111 BOM:500378 NUE XKRX:005490 TSE:5401 SHSE:600019 XAMS:MT STLD RS MIC:CHMF TPE:2002 BUE:TXAR
Traded in Other Exchanges
TATASTEEL:India 500470:India TTSTl:UK TTST:UK
Address
24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, IND, 400 001
Website
https://www.tatasteel.com
Tata Steel Ltd is an India-based company that is engaged in the production and marketing of various steel products. Its products are basically classified into flat products and construction products. Flat products include hot-rolled steel, cold-rolled steel, metallic-coated steel, direct-coated steel, tubes, packaging steel, electro-plated steel, and narrow strip. Its segments include Tata Steel India, Tata Steel Long Products, Other Indian operations, Tata Steel Europe, Other trade related operations, South-East Asian operations, and the Rest of the world.

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