AZREF (Azure Power Global) Interest Expense: $-143.3 Mil (TTM As of Mar. 2024)


AZREF Azure Power Global Ltd AZREF
12 GF Score
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What is Azure Power Global Interest Expense?

Azure Power Global AZREF 12 Interest Expense is $-143.3 Mil as of Mar. 2024. GuruFocus rates AZREF with a GF Score™ of 12/100.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Azure Power Global's interest expense for the six months ended in Mar. 2024 was $ -143.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-143.3 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. Azure Power Global's Operating Income for the six months ended in Mar. 2024 was $ 101.1 Mil. Azure Power Global's Interest Expense for the six months ended in Mar. 2024 was $ -143.3 Mil. Azure Power Global's Interest Coverage for the quarter that ended in Mar. 2024 was 0.71. 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.

Azure Power Global  (OTCPK:AZREF) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Azure Power Global's Interest Expense for the six months ended in Mar. 2024 was $-143.3 Mil. Its Operating Income for the six months ended in Mar. 2024 was $101.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was $969.6 Mil.

Azure Power Global'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*101.094/-143.337
=0.71

* 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.

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

Azure Power Global Interest Expense Historical Data

* Premium members only.

The historical data trend for Azure Power Global'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.

Azure Power Global Interest Expense Chart

Azure Power Global Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -102.69 -115.34 -125.70 -117.23 -143.34

Azure Power Global Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -102.69 -115.34 -125.70 -117.23 -143.34
AZREF
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Azure Power Global Ltd AZREF
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Azure Power Global Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-143.3 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-143.3 Mil mean?
Azure Power Global (AZREF) has a Interest Expense of $-143.3 Mil as of Mar. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on Azure Power Global and its competitors.
Is Azure Power Global's Interest Expense too high?
Azure Power Global's current Interest Expense is $-143.3 Mil. Overall, Azure Power Global has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Azure Power Global's Interest Expense compare to SAFX and VGAS?
Azure Power Global's Interest Expense of $-143.3 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for an Utilities - Independent Power Producers company?
A good Interest Expense depends on the Utilities - Independent Power Producers industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Azure Power Global and its competitors. Azure Power Global's current Interest Expense is $-143.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azure Power Global stock overvalued right now?
Azure Power Global (AZREF) has a current Interest Expense of $-143.3 Mil. The current Interest Expense is $-143.3 Mil. Azure Power Global's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Azure Power Global (AZREF), the current Interest Expense is $-143.3 Mil as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Azure Power Global Business Description

Address Phase II, 8th Floor, Tower A, DLF Infinity, Cyber City, Gurugram, HR, IND, 122002
Azure Power Global Ltd is a utility-scale renewable energy project developer and operator. It is engaged in the development, construction, ownership, operation, maintenance, and management of renewable energy assets based on long-term contracts (Power Purchase Agreements or PPA) with Indian Government energy distribution companies, as well as other Indian non-governmental energy distribution companies and commercial customers.
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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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