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Kirloskar Industries (BOM:500243) Interest Expense : ₹-1,222 Mil (TTM As of Mar. 2024)


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What is Kirloskar Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kirloskar Industries's interest expense for the three months ended in Mar. 2024 was ₹ -324 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1,222 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. Kirloskar Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 1,647 Mil. Kirloskar Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -324 Mil. Kirloskar Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 5.08. 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.

Kirloskar Industries Interest Expense Historical Data

The historical data trend for Kirloskar Industries'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.

Kirloskar Industries Interest Expense Chart

Kirloskar Industries 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 -183.90 -264.00 -276.10 -968.20 -1,222.20

Kirloskar Industries 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 -260.50 -295.90 -301.10 -301.10 -324.10

Kirloskar Industries 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 ₹-1,222 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.

Kirloskar Industries  (BOM:500243) 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.

Kirloskar Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-324 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹1,647 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹12,178 Mil.

Kirloskar Industries'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*1647/-324.1
=5.08

* 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.

Kirloskar Industries (BOM:500243) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kirloskar Industries Ltd (BOM:500243) » Definitions » Interest Expense
Comparable Companies
BOM:513097 BOM:513519 BOM:531112 BOM:522241 NSE:AEROFLEX BOM:543358 BOM:500147 BOM:532864 BOM:531147 BOM:532932 ATI MLI XTER:TKA SHSE:688122 TPE:2474 ESAB SZSE:000039 XTER:NDA CRS WOR
Traded in Other Exchanges
KIRLOSIND:India
Address
Cello Platina, Fergusson College Road, Office No. 801, 8th Floor, Shivajinagar, Pune, MH, IND, 411005
Website
https://www.kirloskarindustries.com
Kirloskar Industries Ltd is engaged in the manufacturing of iron castings. The company is also involved in wind power generation and Investments in Securities and Properties. Its segments include Windpower generation, Investments, Real Estate, Iron casting, Tube and Steel. ,It generates maximum revenue from iron castings. Geographically, it operates and derives revenue from India.

Kirloskar Industries (BOM:500243) Headlines

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