Bajaj Auto (NSE:BAJAJ-AUTO) Interest Expense : ₹-604 Mil (TTM As of Mar. 2024)

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What is Bajaj Auto Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bajaj Auto's interest expense for the three months ended in Mar. 2024 was ₹ -296 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-604 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. Bajaj Auto's Operating Income for the three months ended in Mar. 2024 was ₹ 21,915 Mil. Bajaj Auto's Interest Expense for the three months ended in Mar. 2024 was ₹ -296 Mil. Bajaj Auto's Interest Coverage for the quarter that ended in Mar. 2024 was 73.96. 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.

Bajaj Auto Interest Expense Historical Data

The historical data trend for Bajaj Auto'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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Bajaj Auto Interest Expense Chart

Bajaj Auto Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-31.60

-122.30

-86.60

-395.10

-603.60

Bajaj Auto 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															-157.70	-120.90	-65.40	-121.00	-296.30

Bajaj Auto 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 ₹-604 Mil.

Bajaj Auto (NSE:BAJAJ-AUTO) 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.

Bajaj Auto's Interest Expense for the three months ended in Mar. 2024 was ₹-296 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹21,915 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹6,333 Mil.

Bajaj Auto'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	*	21914.5	/	-296.3
	=	73.96

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Bajaj Auto Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Bajaj Auto (NSE:BAJAJ-AUTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Bajaj Auto Ltd (NSE:BAJAJ-AUTO) » Definitions » Interest Expense

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Traded in Other Exchanges

532977:India

Address

Mumbai Pune Road, Bajaj Auto Limited Complex, Akurdi, Pune, MH, IND, 411 035

Website

https://www.bajajauto.com

Bajaj Auto Ltd was founded in 1945 as an automotive sales company, Bajaj is today the third largest manufacturer of motorcycles and the largest manufacturer of three-wheelers in the world. The company is engaged in the business of development, manufacturing, and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers, and parts. It has two business segments Automotive business and Investments. The company derives the majority of revenue from the Automotive segment.

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