Nestle India (NSE:NESTLEIND) Interest Expense : ₹-1,460 Mil (TTM As of Sep. 2023)

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What is Nestle India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nestle India's interest expense for the three months ended in Sep. 2023 was ₹ -314 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-1,460 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. Nestle India's Operating Income for the three months ended in Sep. 2023 was ₹ 11,168 Mil. Nestle India's Interest Expense for the three months ended in Sep. 2023 was ₹ -314 Mil. Nestle India's Interest Coverage for the quarter that ended in Sep. 2023 was 35.59. 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.

Nestle India Interest Expense Historical Data

The historical data trend for Nestle India'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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Nestle India Interest Expense Chart

Nestle India Annual Data

Trend

Dec12

Dec13

Dec14

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Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-919.00

-1,119.50

-1,291.20

-1,641.80

-2,016.80

Nestle India Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-371.90	-448.40	-370.10	-327.80	-313.80

Nestle India 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-1,460 Mil.

Nestle India (NSE:NESTLEIND) 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.

Nestle India's Interest Expense for the three months ended in Sep. 2023 was ₹-314 Mil. Its Operating Income for the three months ended in Sep. 2023 was ₹11,168 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was ₹0 Mil.

Nestle India's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	11167.9	/	-313.8
	=	35.59

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

Nestle India (NSE:NESTLEIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nestle India Ltd (NSE:NESTLEIND) » Definitions » Interest Expense

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500790:India

Address

Nestle House, Jacaranda Marg, M Block, DLF City, Phase II, Gurugram, HR, IND, 122 002

Website

https://www.nestle.in

Nestle India Ltd is a subsidiary of Nestle of Switzerland with business divided into milk products and nutrition, beverages, prepared dishes and cooking aids, chocolate and confectionery, and vending food services. Milk products and nutrition consist of nutritional products for infants and pregnant and breastfeeding mothers. The Powdered and Liquid Beverages product division sells tea and instant coffee under the Nestea, Nescafe Classic, and Nescafe Gold brands. Prepared dishes and cooking aids comprise food-enriching flavors under the Maggi brand. The Confectionery products in chocolate and confectionery are KitKat, Munch Nuts, and Nestle Alpino. The company's business activity falls within a single operating segment, namely Food.

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