ABB India (BOM:500002) Interest Expense : ₹-123 Mil (TTM As of Dec. 2023)

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What is ABB India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ABB India's interest expense for the three months ended in Dec. 2023 was ₹ -78 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-123 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. ABB India's Operating Income for the three months ended in Dec. 2023 was ₹ 4,628 Mil. ABB India's Interest Expense for the three months ended in Dec. 2023 was ₹ -78 Mil. ABB India's Interest Coverage for the quarter that ended in Dec. 2023 was 59.56. 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.

ABB India Interest Expense Historical Data

The historical data trend for ABB 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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ABB India Interest Expense Chart

ABB India Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-103.30

-101.80

-91.00

-112.80

-122.70

ABB India 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															-54.10	-22.30	-13.90	-8.80	-77.70

ABB 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-123 Mil.

ABB India (BOM:500002) 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.

ABB India's Interest Expense for the three months ended in Dec. 2023 was ₹-78 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹4,628 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹289 Mil.

ABB India'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	*	4627.5	/	-77.7
	=	59.56

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. ABB India Ltd has enough cash to cover all of its debt. Its financial situation is stable.

ABB India (BOM:500002) Business Description

Industry

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ABB:India

Address

Peenya Industrial Area IV, Disha - 3rd Floor, Plot No. 5 & 6, 2nd Stage, Peenya, Bengaluru, KA, IND, 560 058

Website

http://www.abb.co.in

ABB India Ltd offers systems and services for electrical distribution, power grids and plants, machinery components, and other industrial applications. The engineering company attempts to increase industrial productivity while lowering the environmental impact. The company's revenue is split between its four operating segments: Robotics and Discrete Automation, Electrification, Motion, and Industrial Automation. Solutions can control the entire flow of power plants or be individualized to specific transformers, circuit breakers, motors, and other automated machinery. The company has several manufacturing sites located in India, and the majority of its revenue is generated in India.

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