Thermax (BOM:500411) Interest Expense : ₹-1,118 Mil (TTM As of Dec. 2024)

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What is Thermax Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Thermax's interest expense for the three months ended in Dec. 2024 was ₹ -287 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-1,118 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. Thermax's Operating Income for the three months ended in Dec. 2024 was ₹ 1,539 Mil. Thermax's Interest Expense for the three months ended in Dec. 2024 was ₹ -287 Mil. Thermax's Interest Coverage for the quarter that ended in Dec. 2024 was 5.37. 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.

Thermax Interest Expense Historical Data

The historical data trend for Thermax'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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Thermax Interest Expense Chart

Thermax Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-150.20

-206.40

-251.70

-371.60

-860.30

Thermax Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-266.10	-262.50	-274.50	-293.90	-286.60

Thermax 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-1,118 Mil.

Thermax (BOM:500411) 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.

Thermax's Interest Expense for the three months ended in Dec. 2024 was ₹-287 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹1,539 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Thermax's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	1539.2	/	-286.6
	=	5.37

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

Thermax Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Thermax Ltd (BOM:500411) » Definitions » Interest Expense

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THERMAX:India

Address

14, Mumbai-Pune Road, Thermax House, Wakdewadi, Pune, MH, IND, 411 003

Website

http://www.thermaxglobal.com

Thermax Ltd is a company that provides engineering solutions. The company operates through four reportable segments which are industrial products, industrial infra, green solutions, and chemicals. It earns the majority of its revenue from the Industrial Infra segment. The Company's portfolio includes boilers and heaters, absorption chillers/heat pumps, power plants, solar equipment, related services, air pollution control equipment/system, water and waste recycle plants, ion exchange resins and performance chemicals and related services The company generates more than half of its revenue from India.

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