CG Power & Industrial Solutions (NSE:CGPOWER) Interest Expense : ₹-25 Mil (TTM As of Mar. 2024)

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What is CG Power & Industrial Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CG Power & Industrial Solutions's interest expense for the three months ended in Mar. 2024 was ₹ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-25 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. CG Power & Industrial Solutions's Operating Income for the three months ended in Mar. 2024 was ₹ 2,614 Mil. CG Power & Industrial Solutions's Interest Expense for the three months ended in Mar. 2024 was ₹ -9 Mil. CG Power & Industrial Solutions's Interest Coverage for the quarter that ended in Mar. 2024 was 303.99. 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.

CG Power & Industrial Solutions Interest Expense Historical Data

The historical data trend for CG Power & Industrial Solutions'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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CG Power & Industrial Solutions Interest Expense Chart

CG Power & Industrial Solutions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-3,240.50

-1,971.00

-681.50

-162.00

-25.40

CG Power & Industrial Solutions 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															-24.80	-7.20	-3.60	-6.00	-8.60

CG Power & Industrial Solutions 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 ₹-25 Mil.

CG Power & Industrial Solutions (NSE:CGPOWER) 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.

CG Power & Industrial Solutions's Interest Expense for the three months ended in Mar. 2024 was ₹-9 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹2,614 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹119 Mil.

CG Power & Industrial Solutions'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	*	2614.3	/	-8.6
	=	303.99

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. CG Power & Industrial Solutions Ltd has enough cash to cover all of its debt. Its financial situation is stable.

CG Power & Industrial Solutions (NSE:CGPOWER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CG Power & Industrial Solutions Ltd (NSE:CGPOWER) » Definitions » Interest Expense

Traded in Other Exchanges

500093:India

Address

Dr. Annie Besant Road, 6th Floor, CG House, Worli, Mumbai, MH, IND, 400 030

Website

https://www.cgglobal.com

CG Power & Industrial Solutions Ltd is an India based company engaged in providing products, services, and solutions to utilities, industries, and consumers for the management and application of sustainable electrical energy. It has two business segments. Power Systems segment includes products and services from ultra-high-voltage, high voltage, medium voltage and low voltage like transformer, switchgear, and turnkey projects whereas the Industrial Systems segment include rotating machines of power and ratings, automated AC, DC, and variable frequency drives and control systems like electric motors, alternators, drives, traction electronics, and SCADA. It operates in India and internationally and generates its revenues majorly from the Industrial systems segment within India.

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