Jai Balaji Industries (NSE:JAIBALAJI) Interest Expense : ₹-725 Mil (TTM As of Mar. 2024)

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What is Jai Balaji Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jai Balaji Industries's interest expense for the three months ended in Mar. 2024 was ₹ -176 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-725 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. Jai Balaji Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 2,180 Mil. Jai Balaji Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -176 Mil. Jai Balaji Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 12.38. 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.

Jai Balaji Industries Interest Expense Historical Data

The historical data trend for Jai Balaji Industries'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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Jai Balaji Industries Interest Expense Chart

Jai Balaji Industries Annual Data

Trend

Mar15

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Mar24

Interest Expense

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-1,018.52

-874.76

-961.51

-877.08

-725.22

Jai Balaji Industries 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															-249.56	-211.84	-187.28	-149.97	-176.12

Jai Balaji Industries 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 ₹-725 Mil.

Jai Balaji Industries (NSE:JAIBALAJI) 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.

Jai Balaji Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-176 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹2,180 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹3,039 Mil.

Jai Balaji Industries'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	*	2180.061	/	-176.124
	=	12.38

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

Jai Balaji Industries (NSE:JAIBALAJI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jai Balaji Industries Ltd (NSE:JAIBALAJI) » Definitions » Interest Expense

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532976:India

Address

5, Bentinck Street, 1st Floor, Kolkata, WB, IND, 700 001

Website

http://www.jaibalajigroup.com

Jai Balaji Industries Ltd is an India based iron and steel manufacturing company. It manufactures Sponge Iron, Pig Iron, Ductile Iron Pipe, Ferro Chrome, Billet, TMT, Coke, and Sinter. The company is engaged in a single reportable segment of Iron and Steel. Geographically, it has a business presence in India and also exports it to other countries, of which key revenue is derived from India.

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