GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Exide Industries Ltd (BOM:500086) » Definitions » Interest Expense

Exide Industries (BOM:500086) Interest Expense : ₹-1,160 Mil (TTM As of Mar. 2024)


View and export this data going back to 1992. Start your Free Trial

What is Exide Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Exide Industries's interest expense for the three months ended in Mar. 2024 was ₹ -308 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1,160 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. Exide Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 3,061 Mil. Exide Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -308 Mil. Exide Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 9.95. 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.

Exide Industries Interest Expense Historical Data

The historical data trend for Exide 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.

* Premium members only.

Exide Industries Interest Expense Chart

Exide Industries 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 -965.90 -326.60 -609.30 -738.40 -1,160.00

Exide 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -209.30 -239.20 -296.70 -316.50 -307.60

Exide 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 ₹-1,160 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.

Exide Industries  (BOM:500086) 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.

Exide Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-308 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹3,061 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹6,340 Mil.

Exide 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*3061.4/-307.6
=9.95

* 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.

Exide Industries (BOM:500086) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Exide Industries Ltd (BOM:500086) » Definitions » Interest Expense
Comparable Companies
NSE:ENDURANCE BOM:500877 BOM:532756 BOM:543498 NSE:SUNDRMFAST BOM:532605 BOM:515030 NSE:ZFCVINDIA BOM:520056 BOM:543300 TSE:6902 MBLY TSE:5108 APTV XPAR:ML XKRX:012330 ISX:ASII TSX:MG SHSE:600660 XTER:CON
Traded in Other Exchanges
EXIDEIND:India
Address
59E, Chowringhee Road, Exide House, Kolkata, WB, IND, 700 020
Website
https://www.exideindustries.com
Exide Industries Ltd is an Indian manufacturer of batteries sold under the Exide brand. The company is an original equipment and aftermarket parts supplier of batteries for automotive companies operating out of India, including Mitsubishi, Hyundai, Honda, Toyota, Fiat, Renault, GM, Mahindra, Tata, Bajaj, Suzuki, and Hero. Exide Industries also provides batteries to the power, telecommunications, infrastructure, computer, railways, mining, and defense sectors. It operates in the given segment Storage batteries & allied products and Others. Virtually all of the company's revenue is generated in India.

Exide Industries (BOM:500086) Headlines

No Headlines