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CG Power & Industrial Solutions (NSE:CGPOWER) Interest Expense : ₹-44 Mil (TTM As of Sep. 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 Sep. 2024 was ₹ -24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-44 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 Sep. 2024 was ₹ 2,671 Mil. CG Power & Industrial Solutions's Interest Expense for the three months ended in Sep. 2024 was ₹ -24 Mil. CG Power & Industrial Solutions's Interest Coverage for the quarter that ended in Sep. 2024 was 110.83. 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.

* Premium members only.

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
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3,240.50 -1,971.00 -681.50 -162.00 -25.40

CG Power & Industrial Solutions Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.60 -6.00 -8.60 -5.50 -24.10

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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-44 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.


CG Power & Industrial Solutions  (NSE:CGPOWER) 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.

CG Power & Industrial Solutions's Interest Expense for the three months ended in Sep. 2024 was ₹-24 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹2,671 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹208 Mil.

CG Power & Industrial Solutions's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*2671.1/-24.1
=110.83

* 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.

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 Business Description

Traded in Other Exchanges
Address
Dr. Annie Besant Road, 6th Floor, CG House, Worli, Mumbai, MH, IND, 400 030
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. The company generates its revenues majorly from the Industrial systems segment.

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