Reliance Industries (LSE:RIGD) Interest Expense : $-2,789 Mil (TTM As of Mar. 2024)

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What is Reliance Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Reliance Industries's interest expense for the three months ended in Mar. 2024 was $ -694 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-2,789 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. Reliance Industries's Operating Income for the three months ended in Mar. 2024 was $ 3,487 Mil. Reliance Industries's Interest Expense for the three months ended in Mar. 2024 was $ -694 Mil. Reliance Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 5.02. 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.

Reliance Industries Interest Expense Historical Data

The historical data trend for Reliance 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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Reliance Industries Interest Expense Chart

Reliance Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-2,664.18

-2,459.09

-1,914.17

-2,378.98

-2,784.58

Reliance 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															-707.34	-709.88	-689.90	-695.34	-693.92

Reliance 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 $-2,789 Mil.

Reliance Industries (LSE:RIGD) 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.

Reliance Industries's Interest Expense for the three months ended in Mar. 2024 was $-694 Mil. Its Operating Income for the three months ended in Mar. 2024 was $3,487 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $28,924 Mil.

Reliance 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	*	3486.691	/	-693.917
	=	5.02

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

Reliance Industries (LSE:RIGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reliance Industries Ltd (LSE:RIGD) » Definitions » Interest Expense

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RELIANCE:India 500325:India RIGDl:UK RLI:Germany

Address

222, Nariman Point, 3rd Floor, Maker Chambers IV, Mumbai, MH, IND, 400021

Website

https://www.ril.com

Reliance Industries Ltd is engaged in hydrocarbon exploration and production, refining and marketing, petrochemicals, financial services, retail, and communications. The Group has five principal operating and reporting segments: Oil To Chemicals (O2C), Oil and Gas, Retail, Digital Services and Financial Services. Located in west India, Reliance's refineries produce a range of petroleum products that find use as fuel variants, feedstock, and fuel for power and cement plants. Fuels produced in refineries are exported to several countries and can be processed into any grade of gasoline or diesel. The Oil to Chemicals segment that derives the majority revenue includes Refining, Petrochemicals, fuel retailing through Reliance BP Mobility Limited, aviation fuel, and bulk wholesale marketing.

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