Welspun Specialty Solutions (BOM:500365) Interest Expense : ₹-333 Mil (TTM As of Mar. 2024)

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What is Welspun Specialty Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Welspun Specialty Solutions's interest expense for the three months ended in Mar. 2024 was ₹ -72 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-333 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. Welspun Specialty Solutions's Operating Income for the three months ended in Mar. 2024 was ₹ 82 Mil. Welspun Specialty Solutions's Interest Expense for the three months ended in Mar. 2024 was ₹ -72 Mil. Welspun Specialty Solutions's Interest Coverage for the quarter that ended in Mar. 2024 was 1.14. 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.

Welspun Specialty Solutions Interest Expense Historical Data

The historical data trend for Welspun Specialty Solutions'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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Welspun Specialty Solutions Interest Expense Chart

Welspun Specialty Solutions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-130.00

-108.50

-178.90

-303.10

-332.50

Welspun Specialty Solutions 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															-92.50	-83.60	-86.20	-91.00	-71.70

Welspun Specialty Solutions 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 ₹-333 Mil.

Welspun Specialty Solutions (BOM:500365) 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.

Welspun Specialty Solutions's Interest Expense for the three months ended in Mar. 2024 was ₹-72 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹82 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,223 Mil.

Welspun Specialty Solutions'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	*	81.9	/	-71.7
	=	1.14

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

Welspun Specialty Solutions (BOM:500365) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Welspun Specialty Solutions Ltd (BOM:500365) » Definitions » Interest Expense

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Address

Senapati Bapat Marg, Kamala Mills Compound, 5th Floor, Welspun House, Lower Parel (West), Mumbai, MH, IND, 400013

Website

https://www.welspunspecialty.com

Welspun Specialty Solutions Ltd is engaged in the manufacturing of alloy and stainless steel products. The firm serves various industries such as automotive energy, defense, nuclear power, and aerospace. The company's business is predominantly confined to India.

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