TARC (BOM:543249) Interest Expense : ₹-1,120 Mil (TTM As of Sep. 2023)

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What is TARC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TARC's interest expense for the three months ended in Sep. 2023 was ₹ -252 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-1,120 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. TARC's Operating Income for the three months ended in Sep. 2023 was ₹ 21 Mil. TARC's Interest Expense for the three months ended in Sep. 2023 was ₹ -252 Mil. TARC's Interest Coverage for the quarter that ended in Sep. 2023 was 0.08. 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.

TARC Interest Expense Historical Data

The historical data trend for TARC'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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TARC Interest Expense Chart

TARC Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Interest Expense

-145.54

-120.04

-746.06

-1,170.27

TARC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial											-269.95	-241.92	-285.50	-340.61	-252.00

TARC 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-1,120 Mil.

TARC (BOM:543249) 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.

TARC's Interest Expense for the three months ended in Sep. 2023 was ₹-252 Mil. Its Operating Income for the three months ended in Sep. 2023 was ₹21 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was ₹9,386 Mil.

TARC's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	21.271	/	-252.002
	=	0.08

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

TARC (BOM:543249) Business Description

Industry

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Traded in Other Exchanges

TARC:India

Address

Katwaria Sarai, 2nd Floor, C-3, Qutab Institutional Area, New Delhi, IND, 110016

Website

https://www.tarc.in

TARC Ltd operates in the real estate industry. The company is engaged in the business of developing and constructing information and technology parks, hospitality projects, special economic zones, office complexes, shopping malls and residential projects in the State of Delhi, Haryana, Rajasthan and the National Capital Region.

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