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Piramal Enterprises (BOM:500302) Interest Expense : ₹-31,505 Mil (TTM As of Sep. 2024)


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What is Piramal Enterprises Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Piramal Enterprises's interest expense for the three months ended in Sep. 2024 was ₹ -13,050 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-31,505 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. Piramal Enterprises's Operating Income for the three months ended in Sep. 2024 was ₹ 14,669 Mil. Piramal Enterprises's Interest Expense for the three months ended in Sep. 2024 was ₹ -13,050 Mil. Piramal Enterprises's Interest Coverage for the quarter that ended in Sep. 2024 was 1.12. 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.

Piramal Enterprises Interest Expense Historical Data

The historical data trend for Piramal Enterprises'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.

Piramal Enterprises Interest Expense Chart

Piramal Enterprises 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 -50,625.10 -40,885.30 -29,208.20 -26,619.10 -27,236.40

Piramal Enterprises Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -10,318.60 -11,025.60 4,532.20 -11,961.50 -13,050.00

Piramal Enterprises 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-31,505 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.

Piramal Enterprises  (BOM:500302) 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.

Piramal Enterprises's Interest Expense for the three months ended in Sep. 2024 was ₹-13,050 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹14,669 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹575,685 Mil.

Piramal Enterprises's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*14669.1/-13050
=1.12

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Piramal Enterprises Ltd interest coverage is 1.66, which is low.

Piramal Enterprises Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Piramal Enterprises Ltd (BOM:500302) » Definitions » Interest Expense
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BOM:501150 BOM:511413 BOM:511208 BOM:500111 BOM:511626 BOM:532007 BOM:519230 BOM:531235 BOM:540691 BOM:532978 MEX:ELEKTRA SZSE:000617 TPE:2885 VOYA TSE:8473 SZSE:000987 OSL:STB SZSE:002797 SHSE:600390 SZSE:002670
Traded in Other Exchanges
PEL:India
Address
LBS Marg, Kamani Junction, Opposite Fire Brigade, Agastya Corporate Park, Piramal Ananta, Kurla (West), Mumbai, MH, IND, 400 070
Website
https://www.piramal.com
Piramal Enterprises Ltd is a business conglomerate with an interest in financial services and real estate. The company offers a wide range of financial products and solutions, with exposure across both Retail and Wholesale lending. It has identified only one reportable business segment and geographical segment as it deals mainly in the lending business within India.

Piramal Enterprises Headlines

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