Prakash Industries (BOM:506022) Interest Expense : ₹-384 Mil (TTM As of Mar. 2024)

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What is Prakash Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prakash Industries's interest expense for the three months ended in Mar. 2024 was ₹ -100 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-384 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. Prakash Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 857 Mil. Prakash Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -100 Mil. Prakash Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 8.59. 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.

Prakash Industries Interest Expense Historical Data

The historical data trend for Prakash 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.

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Prakash Industries Interest Expense Chart

Prakash Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-848.80

-757.30

-698.90

-823.50

-574.60

Prakash Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-209.20	-163.20	-165.70	-118.00	-99.80

Prakash 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 ₹-384 Mil.

Prakash Industries (BOM:506022) 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.

Prakash Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-100 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹857 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,131 Mil.

Prakash 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	*	857.4	/	-99.8
	=	8.59

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

Prakash Industries (BOM:506022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Prakash Industries Ltd (BOM:506022) » Definitions » Interest Expense

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PRAKASH:India

Address

Srivan, Bijwasan, New Delhi, IND, 110061

Website

https://www.prakash.com

Prakash Industries Ltd is engaged in the manufacturing and sale of iron and steel products. Its products include sponge iron, wire rod, TMT bars, ferroalloys, and others.

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