ITD Cementation India (BOM:509496) Interest Expense : ₹-2,180 Mil (TTM As of Mar. 2024)

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What is ITD Cementation India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ITD Cementation India's interest expense for the three months ended in Mar. 2024 was ₹ -574 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-2,180 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. ITD Cementation India's Operating Income for the three months ended in Mar. 2024 was ₹ 1,662 Mil. ITD Cementation India's Interest Expense for the three months ended in Mar. 2024 was ₹ -574 Mil. ITD Cementation India's Interest Coverage for the quarter that ended in Mar. 2024 was 2.89. 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.

ITD Cementation India Interest Expense Historical Data

The historical data trend for ITD Cementation India'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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ITD Cementation India Interest Expense Chart

ITD Cementation India Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-948.31

-970.59

-979.07

-1,653.86

-2,179.86

ITD Cementation India 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															-511.27	-509.46	-516.74	-579.52	-574.15

ITD Cementation India 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 ₹-2,180 Mil.

ITD Cementation India (BOM:509496) 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.

ITD Cementation India's Interest Expense for the three months ended in Mar. 2024 was ₹-574 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹1,662 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,517 Mil.

ITD Cementation India'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	*	1661.973	/	-574.151
	=	2.89

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

ITD Cementation India (BOM:509496) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » ITD Cementation India Ltd (BOM:509496) » Definitions » Interest Expense

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ITDCEM:India

Address

Gate No. 5, Saki Vihar Road, 9th Floor, Prima Bay, Tower - B, Powai, Mumbai, MH, IND, 400072

Website

https://www.itdcem.co.in

ITD Cementation India Ltd is an India-based company involved in construction and civil engineering. It is engaged in the construction of a range of structures, which include maritime structures, mass rapid transport systems (MRTS), dams and tunnels, airports, highways, bridges and flyovers, and other foundations and specialist engineering work. The company's revenue comes from construction and civil engineering activities. The company's operational areas include maritime structures, such as the construction of jetties, dolphins, quays, berths on concrete and steel piles, ship lift, dry dock, wet basic and service platforms, dredging, and reclamation works for ports, and construction of ship lift and among others.

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