Max India (BOM:543223) Interest Expense : ₹-46 Mil (TTM As of Mar. 2024)

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What is Max India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Max India's interest expense for the three months ended in Mar. 2024 was ₹ -13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-46 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. Max India's Operating Income for the three months ended in Mar. 2024 was ₹ -231 Mil. Max India's Interest Expense for the three months ended in Mar. 2024 was ₹ -13 Mil. Max India 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.

Max India Interest Expense Historical Data

The historical data trend for Max 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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Max India Interest Expense Chart

Max India Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-215.61

-70.46

-62.30

-45.90

Max 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															-15.30	-10.00	-9.70	-13.60	-12.60

Max 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 ₹-46 Mil.

Max India (BOM:543223) 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.

Max India's Interest Expense for the three months ended in Mar. 2024 was ₹-13 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-231 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹391 Mil.

Max India's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Max India did not have earnings to cover the interest expense.

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

Max India (BOM:543223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Max India Ltd (BOM:543223) » Definitions » Interest Expense

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MAXIND:India

Address

L20M, Max Towers, Plot No. C-001/A/1, Sector-16B, Noida, UP, IND, 201301

Website

https://www.maxindia.com

Max India Ltd is a multi-business corporate that operates in the healthcare sector. The company provides healthcare services. Also, the company provides health insurance policies, senior-living communities, and other health-related training services. The business operates in four segments namely, Business Investments, Senior Living, Skill and Development, and Other.

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