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Indian Renewable Energy Development Agency (BOM:544026) Interest Expense : ₹-5,337 Mil (TTM As of Mar. 2024)


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What is Indian Renewable Energy Development Agency Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Indian Renewable Energy Development Agency's interest expense for the three months ended in Mar. 2024 was ₹ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-5,337 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. Indian Renewable Energy Development Agency's Operating Income for the three months ended in Mar. 2024 was ₹ 14,862 Mil. Indian Renewable Energy Development Agency's Interest Expense for the three months ended in Mar. 2024 was ₹ 0 Mil. GuruFocus does not calculate Indian Renewable Energy Development Agency's interest coverage with the available data. 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.

Indian Renewable Energy Development Agency Interest Expense Historical Data

The historical data trend for Indian Renewable Energy Development Agency'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.

Indian Renewable Energy Development Agency Interest Expense Chart

Indian Renewable Energy Development Agency Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Interest Expense
-8,998.84 -8,809.48 -8,978.72 -11,357.19

Indian Renewable Energy Development Agency Quarterly Data
Mar21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only - -2,782.11 -2,555.29 - -

Indian Renewable Energy Development Agency 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 ₹-5,337 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.

Indian Renewable Energy Development Agency  (BOM:544026) 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.

Indian Renewable Energy Development Agency's Interest Expense for the three months ended in Mar. 2024 was ₹0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹14,862 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹419,984 Mil.

Indian Renewable Energy Development Agency's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

GuruFocus does not calculate Indian Renewable Energy Development Agency's interest coverage with the available data.

* 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.

Indian Renewable Energy Development Agency (BOM:544026) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Indian Renewable Energy Development Agency Ltd (BOM:544026) » Definitions » Interest Expense
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IREDA:India
Address
August Kranti Bhavan, 3rd Floor, Bhikaji Cama Place, New Delhi, IND, 110066
Website
https://www.ireda.in
Indian Renewable Energy Development Agency Ltd is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy. It is a financial institution with over 36 years of experience in the business of promoting, developing and extending financial assistance for new and renewable energy (RE) projects, and energy efficiency and conservation (EEC) projects. It provides a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for RE projects and other value chain activities, such as equipment manufacturing and transmission.

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