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Gulf Oil Lubricants India (BOM:538567) Interest Expense : ₹-259 Mil (TTM As of Mar. 2024)


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What is Gulf Oil Lubricants India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gulf Oil Lubricants India's interest expense for the three months ended in Mar. 2024 was ₹ -58 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-259 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. Gulf Oil Lubricants India's Operating Income for the three months ended in Mar. 2024 was ₹ 1,012 Mil. Gulf Oil Lubricants India's Interest Expense for the three months ended in Mar. 2024 was ₹ -58 Mil. Gulf Oil Lubricants India's Interest Coverage for the quarter that ended in Mar. 2024 was 17.46. 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.


Gulf Oil Lubricants India Interest Expense Historical Data

The historical data trend for Gulf Oil Lubricants 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.

* Premium members only.

Gulf Oil Lubricants India Interest Expense Chart

Gulf Oil Lubricants India 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 -97.69 -155.59 -31.65 -376.40 -259.07

Gulf Oil Lubricants 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 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 -66.36 -44.08 -74.02 -83.02 -57.94

Gulf Oil Lubricants 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 ₹-259 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.


Gulf Oil Lubricants India  (BOM:538567) 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.

Gulf Oil Lubricants India's Interest Expense for the three months ended in Mar. 2024 was ₹-58 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹1,012 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹156 Mil.

Gulf Oil Lubricants 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*1011.759/-57.944
=17.46

* 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.


Gulf Oil Lubricants India (BOM:538567) Business Description

Traded in Other Exchanges
Address
IN Centre, 49/50, 12th Road, M.I.D.C., Andheri (East), Mumbai, MH, IND, 400093
Gulf Oil Lubricants India Ltd manufactures, markets, and trades lubricants and greases used in the automotive and industrial industries. The company is a subsidiary of the Hinduja Group, which owns businesses in a variety of sectors in multiple continents. The company provides products for all types of commercial vehicles to individual and institutional customers across the automotive, agricultural, industrial, construction, and marine divisions. The company exports some of its products, however, a large majority of revenue is derived from sales inside India.

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