Patel Engineering (BOM:531120) Interest Expense : ₹-3,621 Mil (TTM As of Mar. 2024)

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What is Patel Engineering Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Patel Engineering's interest expense for the three months ended in Mar. 2024 was ₹ -931 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-3,621 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. Patel Engineering's Operating Income for the three months ended in Mar. 2024 was ₹ 2,085 Mil. Patel Engineering's Interest Expense for the three months ended in Mar. 2024 was ₹ -931 Mil. Patel Engineering's Interest Coverage for the quarter that ended in Mar. 2024 was 2.24. 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.

Patel Engineering Interest Expense Historical Data

The historical data trend for Patel Engineering'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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Patel Engineering Interest Expense Chart

Patel Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-2,116.98

-3,298.87

-4,195.27

-4,122.22

-3,620.94

Patel Engineering 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															-1,037.56	-884.15	-916.77	-889.15	-930.87

Patel Engineering 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 ₹-3,621 Mil.

Patel Engineering (BOM:531120) 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.

Patel Engineering's Interest Expense for the three months ended in Mar. 2024 was ₹-931 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹2,085 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹5,696 Mil.

Patel Engineering'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	*	2085.47	/	-930.87
	=	2.24

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

Patel Engineering (BOM:531120) Business Description

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PATELENG:India

Address

Patel Estate Road, Jogeshwari (West), Mumbai, MH, IND, 400 102

Website

http://www.pateleng.com

Patel Engineering Ltd is a company that undertakes civil construction and engineering projects. The company is engaged in segments including engineering procurement and construction (EPC) and real estate. It generates a vast majority of its revenue from the EPC segment within India. The company projects include all sectors of the infrastructure industry from dams, tunnels, micro-runnels, hydroelectric projects, irrigation projects, highways, roads, bridges, railways, refineries to real estates, and townships.

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