Shrem InvIT (NSE:SHREMINVIT) Interest Expense : ₹-4,971 Mil (TTM As of Dec. 2023)

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What is Shrem InvIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shrem InvIT's interest expense for the three months ended in Dec. 2023 was ₹ -1,504 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-4,971 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. Shrem InvIT's Operating Income for the three months ended in Dec. 2023 was ₹ 4,213 Mil. Shrem InvIT's Interest Expense for the three months ended in Dec. 2023 was ₹ -1,504 Mil. Shrem InvIT's Interest Coverage for the quarter that ended in Dec. 2023 was 2.80. 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.

Shrem InvIT Interest Expense Historical Data

The historical data trend for Shrem InvIT'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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Shrem InvIT Interest Expense Chart

Shrem InvIT Annual Data

Trend

Mar22

Mar23

Interest Expense

-2,749.46

Shrem InvIT Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial						-764.98	-863.31	-1,231.32	-1,372.87	-1,503.92

Shrem InvIT 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-4,971 Mil.

Shrem InvIT (NSE:SHREMINVIT) 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.

Shrem InvIT's Interest Expense for the three months ended in Dec. 2023 was ₹-1,504 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹4,213 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Shrem InvIT's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	4213.243	/	-1503.918
	=	2.80

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. Shrem InvIT interest coverage is 2.92, which is low.

Shrem InvIT (NSE:SHREMINVIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shrem InvIT (NSE:SHREMINVIT) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Off Andheri Kurla Road, 1101, Viraj Towers Junction, W.E. Highway Near Landmark Building, Andheri (E), Mumbai, MH, IND, 400069

Website

https://www.shreminvit.com

Shrem InvIT is set up to carry on the activity of an infrastructure investment trust and for making investments in the Project SPVs or infrastructure projects or securities of Indian companies engaged in the infrastructure sector. Its projects consist of National and State Highways, located in Madhya Pradesh, Maharashtra, Uttar Pradesh, Gujarat, and Karnataka.

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