Hindustan Aeronautics (NSE:HAL) Interest Expense : ₹-321 Mil (TTM As of Mar. 2024)

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What is Hindustan Aeronautics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hindustan Aeronautics's interest expense for the three months ended in Mar. 2024 was ₹ -314 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-321 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. Hindustan Aeronautics's Operating Income for the three months ended in Mar. 2024 was ₹ 52,622 Mil. Hindustan Aeronautics's Interest Expense for the three months ended in Mar. 2024 was ₹ -314 Mil. Hindustan Aeronautics's Interest Coverage for the quarter that ended in Mar. 2024 was 167.53. 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.

Hindustan Aeronautics Interest Expense Historical Data

The historical data trend for Hindustan Aeronautics'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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Hindustan Aeronautics Interest Expense Chart

Hindustan Aeronautics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-3,484.60

-2,591.70

-582.00

-579.70

-321.10

Hindustan Aeronautics 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															-553.00	-0.20	-3.20	-3.60	-314.10

Hindustan Aeronautics 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 ₹-321 Mil.

Hindustan Aeronautics (NSE:HAL) 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.

Hindustan Aeronautics's Interest Expense for the three months ended in Mar. 2024 was ₹-314 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹52,622 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹11 Mil.

Hindustan Aeronautics'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	*	52622.1	/	-314.1
	=	167.53

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. Hindustan Aeronautics Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Hindustan Aeronautics (NSE:HAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Hindustan Aeronautics Ltd (NSE:HAL) » Definitions » Interest Expense

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541154:India

Address

No. 15/1 Cubbon Road, Bengaluru, KA, IND, 560 001

Website

https://www.hal-india.co.in

Hindustan Aeronautics Ltd operates in the aerospace and defense sector. The company is engaged in the design, manufacturing, and development of products like aircraft, helicopters, systems and accessories, power plants, avionics, materials like castings, rolled rings, rubber products, and aerospace which include structures, tanks, and cryogenic engines. Geographically the company derives revenue from India and other countries, of which a majority of revenue is generated from India.