Indraprastha Gas (BOM:532514) Interest Expense : ₹-92 Mil (TTM As of Mar. 2024)

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What is Indraprastha Gas Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Indraprastha Gas's interest expense for the three months ended in Mar. 2024 was ₹ -26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-92 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. Indraprastha Gas's Operating Income for the three months ended in Mar. 2024 was ₹ 3,911 Mil. Indraprastha Gas's Interest Expense for the three months ended in Mar. 2024 was ₹ -26 Mil. Indraprastha Gas's Interest Coverage for the quarter that ended in Mar. 2024 was 152.19. 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.

Indraprastha Gas Interest Expense Historical Data

The historical data trend for Indraprastha Gas'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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Indraprastha Gas Interest Expense Chart

Indraprastha Gas Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-81.00

-113.40

-114.60

-105.90

-91.70

Indraprastha Gas 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															-25.50	-23.70	-24.60	-17.70	-25.70

Indraprastha Gas 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 ₹-92 Mil.

Indraprastha Gas (BOM:532514) 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.

Indraprastha Gas's Interest Expense for the three months ended in Mar. 2024 was ₹-26 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹3,911 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹565 Mil.

Indraprastha Gas'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	*	3911.2	/	-25.7
	=	152.19

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Indraprastha Gas Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Indraprastha Gas (BOM:532514) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Indraprastha Gas Ltd (BOM:532514) » Definitions » Interest Expense

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IGL:India

Address

IGL Bhawan, Plot Number 4, Community Centre, Sector-9, R K Puram, New Delhi, IND, 110022

Website

https://www.iglonline.net

Indraprastha Gas Ltd, or IGL, is an Indian utility company that derives nearly all of its revenue from the sale of natural gas. IGL supplies compressed natural gas (CNG) to the transport sector and piped natural gas (PNG) to domestic, industrial, and commercial sector customers. Most of the natural gas sold by IGL is in the form of compressed natural gas. CNG is an alternative to fossil fuels that is distributed from IGL's portfolio of fueling stations to power a variety of vehicles. The vast majority of these CNG stations are located in the Delhi and National Capital Regions. IGL distributes a significant amount of natural gas through its network of pipelines in Delhi and the National Capital Region, as well. The customers served by IGL's PNG business are primarily residential consumers.

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