Steel Strips Wheels (NSE:SSWL) Interest Expense : ₹-974 Mil (TTM As of Dec. 2023)

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What is Steel Strips Wheels Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Steel Strips Wheels's interest expense for the three months ended in Dec. 2023 was ₹ -251 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-974 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. Steel Strips Wheels's Operating Income for the three months ended in Dec. 2023 was ₹ 942 Mil. Steel Strips Wheels's Interest Expense for the three months ended in Dec. 2023 was ₹ -251 Mil. Steel Strips Wheels's Interest Coverage for the quarter that ended in Dec. 2023 was 3.76. 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.

Steel Strips Wheels Interest Expense Historical Data

The historical data trend for Steel Strips Wheels'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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Steel Strips Wheels Interest Expense Chart

Steel Strips Wheels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-874.37

-841.46

-794.75

-854.21

-835.45

Steel Strips Wheels Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-220.18	-226.86	-235.72	-260.14	-250.80

Steel Strips Wheels 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 ₹-974 Mil.

Steel Strips Wheels (NSE:SSWL) 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.

Steel Strips Wheels's Interest Expense for the three months ended in Dec. 2023 was ₹-251 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹942 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Steel Strips Wheels'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	*	941.846	/	-250.799
	=	3.76

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

Steel Strips Wheels (NSE:SSWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Steel Strips Wheels Ltd (NSE:SSWL) » Definitions » Interest Expense

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513262:India

Address

Madhya Marg, SCO 49-50, Sector 26, Chandigarh, IND, 160 019

Website

https://www.sswlindia.com

Steel Strips Wheels Ltd is an India-based automotive steel wheels manufacturing company. It is engaged in the designing and manufacturing business of Steel wheel rims and Alloy wheel rims catering to different segments of the automobile industry. The company operates in India and has a presence in international markets as well. The group generates the majority of its revenue from India.

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