Mideast Integrated Steels (BOM:540744) Interest Expense : ₹-522 Mil (TTM As of Dec. 2023)

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What is Mideast Integrated Steels Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mideast Integrated Steels's interest expense for the three months ended in Dec. 2023 was ₹ -147 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-522 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. Mideast Integrated Steels's Operating Income for the three months ended in Dec. 2023 was ₹ -186 Mil. Mideast Integrated Steels's Interest Expense for the three months ended in Dec. 2023 was ₹ -147 Mil. Mideast Integrated Steels did not have earnings to cover the interest expense. 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.

Mideast Integrated Steels Interest Expense Historical Data

The historical data trend for Mideast Integrated Steels'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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Mideast Integrated Steels Interest Expense Chart

Mideast Integrated Steels Annual Data

Trend

Mar14

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Mar23

Interest Expense

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-448.22

-36.88

-10.02

-337.41

-472.34

Mideast Integrated Steels Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-128.50	-130.86	-119.19	-124.29	-147.19

Mideast Integrated Steels 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-522 Mil.

Mideast Integrated Steels (BOM:540744) 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.

Mideast Integrated Steels's Interest Expense for the three months ended in Dec. 2023 was ₹-147 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹-186 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Mideast Integrated Steels's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Mideast Integrated Steels did not have earnings to cover the interest expense.

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

Mideast Integrated Steels (BOM:540744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mideast Integrated Steels Ltd (BOM:540744) » Definitions » Interest Expense

Comparable Companies

SGX:A52 DHA:RSRMSTEEL NSE:SHIVAUM ASX:EQX IST:AYES TSE:5973 BOM:505693 XKLS:5192 WAR:IZS WAR:ZMT

Traded in Other Exchanges

N/A

Address

Kailash Colony, H-1, Mesco Tower, Zamrudpur Community Centre, New Delhi, IND, 110048

Website

http://www.mescosteel.com

Mideast Integrated Steels Ltd is engaged in the business of extraction of iron ore. The company operates through a single segment namely the Iron and Steel business. It manufactures various products such as pig iron scrap including plates, fines fresh, and boulders, iron ore calibrated lump ores consisting of iron ore fines, and screened lump, coke breeze, granulated slag, and lime slurry. In addition, it also offers repair services.

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