Hero MotoCorp (NSE:HEROMOTOCO) Interest Expense : ₹-764 Mil (TTM As of Mar. 2024)

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What is Hero MotoCorp Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hero MotoCorp's interest expense for the three months ended in Mar. 2024 was ₹ -76 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-764 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. Hero MotoCorp's Operating Income for the three months ended in Mar. 2024 was ₹ 11,970 Mil. Hero MotoCorp's Interest Expense for the three months ended in Mar. 2024 was ₹ -76 Mil. Hero MotoCorp's Interest Coverage for the quarter that ended in Mar. 2024 was 156.67. 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.

Hero MotoCorp Interest Expense Historical Data

The historical data trend for Hero MotoCorp'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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Hero MotoCorp Interest Expense Chart

Hero MotoCorp Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-466.40

-464.10

-531.00

-1,048.80

-763.70

Hero MotoCorp 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															-191.10	-210.10	-249.80	-227.40	-76.40

Hero MotoCorp 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 ₹-764 Mil.

Hero MotoCorp (NSE:HEROMOTOCO) 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.

Hero MotoCorp's Interest Expense for the three months ended in Mar. 2024 was ₹-76 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹11,970 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,991 Mil.

Hero MotoCorp'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	*	11969.6	/	-76.4
	=	156.67

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

Hero MotoCorp (NSE:HEROMOTOCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hero MotoCorp Ltd (NSE:HEROMOTOCO) » Definitions » Interest Expense

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Traded in Other Exchanges

500182:India

Address

Nelson Mandela Road, The Grand Plaza, Plot No. 2, Vasant Kunj - Phase -II, New Delhi, IND, 110070

Website

https://www.heromotocorp.com

Hero MotoCorp Ltd is a motorcycle manufacturing company domiciled in India. The company manufactures and distributes motorcycles, scooters, and related spare parts. Sales of motorcycles comprise the largest contribution to consolidated revenue, followed by scooter sales. While Hero MotoCorp derives the vast majority of revenue from domestic operations, the company also has operations in Latin America, South Asia, Africa, and the Middle East. Hero MotoCorp principally manufactures and assembles production domestically. The Company primarily operates in the automotive segment. The automotive segment includes all activities related to development, design, manufacture, assembly and sale of vehicles, as well as sale of related parts and accessories.

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