Shoppers Stop (NSE:SHOPERSTOP) Interest Expense : ₹-2,252 Mil (TTM As of Mar. 2024)

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What is Shoppers Stop Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shoppers Stop's interest expense for the three months ended in Mar. 2024 was ₹ -576 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-2,252 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. Shoppers Stop's Operating Income for the three months ended in Mar. 2024 was ₹ 547 Mil. Shoppers Stop's Interest Expense for the three months ended in Mar. 2024 was ₹ -576 Mil. Shoppers Stop's Interest Coverage for the quarter that ended in Mar. 2024 was 0.95. 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.

Shoppers Stop Interest Expense Historical Data

The historical data trend for Shoppers Stop'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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Shoppers Stop Interest Expense Chart

Shoppers Stop Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1,971.10

-2,225.10

-2,058.30

-2,091.60

-2,252.70

Shoppers Stop 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															-551.30	-541.40	-548.20	-586.10	-576.00

Shoppers Stop 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 ₹-2,252 Mil.

Shoppers Stop (NSE:SHOPERSTOP) 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.

Shoppers Stop's Interest Expense for the three months ended in Mar. 2024 was ₹-576 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹547 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹23,168 Mil.

Shoppers Stop'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	*	546.6	/	-576
	=	0.95

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shoppers Stop Ltd interest coverage is 1.25, which is low.

Shoppers Stop (NSE:SHOPERSTOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shoppers Stop Ltd (NSE:SHOPERSTOP) » Definitions » Interest Expense

Traded in Other Exchanges

532638:India

Address

Mindspace, Off. Link Road, Umang Tower, 5th Floor, Malad (West), Mumbai, MH, IND, 400064

Website

https://www.shoppersstop.com

Shoppers Stop Ltd is an India-based company engaged in the business of retailing a variety of household and consumer products through departmental stores. The group's products include apparels and non-apparels. The Non-Apparel includes Cosmetics, Personal Accessories, Jewellery, and Leather goods, Home Wares, Electronics, Books, and Music.

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