Rain Industries (BOM:500339) Interest Expense : ₹-2,453 Mil (TTM As of Dec. 2023)

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What is Rain Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rain Industries's interest expense for the six months ended in Dec. 2023 was ₹ -2,453 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-2,453 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. Rain Industries's Operating Income for the six months ended in Dec. 2023 was ₹ 173 Mil. Rain Industries's Interest Expense for the six months ended in Dec. 2023 was ₹ -2,453 Mil. Rain Industries's Interest Coverage for the quarter that ended in Dec. 2023 was 0.07. 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.

Rain Industries Interest Expense Historical Data

The historical data trend for Rain 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.

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Rain Industries Interest Expense Chart

Rain Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4,280.98

-4,688.11

-4,535.94

-4,793.32

-7,941.77

Rain Industries Semi-Annual Data
	Mar05	Mar06	Mar07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Interest Expense	Get a 7-Day Free Trial														-1,130.63	-1,236.72	-939.01	-1,498.96	-2,453.39

Rain Industries Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-2,453 Mil.

Rain Industries (BOM:500339) 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.

Rain Industries's Interest Expense for the six months ended in Dec. 2023 was ₹-2,453 Mil. Its Operating Income for the six months ended in Dec. 2023 was ₹173 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was ₹77,216 Mil.

Rain Industries's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	173.46	/	-2453.39
	=	0.07

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

Rain Industries (BOM:500339) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rain Industries Ltd (BOM:500339) » Definitions » Interest Expense

Traded in Other Exchanges

RAIN:India

Address

34, Srinagar Colony, Rain Center, Hyderabad, TG, IND, 500073

Website

https://www.rain-industries.com

Rain Industries Ltd engages in the production of cement and other related products. The group operates through three segments namely Carbon Products, Advanced Materials, and Cement. The product portfolio of the group consists of Calcined Petroleum Coke, Green Petroleum Coke, Coal Tar Pitch, Co-generated Energy and other derivatives of coal tar distillation. In addition, it also focuses on the downstream operations of coal tar distillation and modifiers and is also involved in the manufacture and sale of cement. Geographically, the business of the firm is spread across the region of Europe, the United States, North America, Asia, and others.

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