Pioneer Investcorp (BOM:507864) Interest Expense : ₹-106.5 Mil (TTM As of Mar. 2024)

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What is Pioneer Investcorp Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pioneer Investcorp's interest expense for the three months ended in Mar. 2024 was ₹ -40.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-106.5 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. Pioneer Investcorp's Operating Income for the three months ended in Mar. 2024 was ₹ 25.5 Mil. Pioneer Investcorp's Interest Expense for the three months ended in Mar. 2024 was ₹ -40.1 Mil. Pioneer Investcorp's Interest Coverage for the quarter that ended in Mar. 2024 was 0.64. 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.

Pioneer Investcorp Interest Expense Historical Data

The historical data trend for Pioneer Investcorp'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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Pioneer Investcorp Interest Expense Chart

Pioneer Investcorp Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-96.36

-81.45

-93.36

-65.51

-106.47

Pioneer Investcorp 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															-23.87	-23.18	-18.19	-24.99	-40.12

Pioneer Investcorp 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 ₹-106.5 Mil.

Pioneer Investcorp (BOM:507864) 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.

Pioneer Investcorp's Interest Expense for the three months ended in Mar. 2024 was ₹-40.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹25.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,044.1 Mil.

Pioneer Investcorp'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	*	25.5	/	-40.115
	=	0.64

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. Pioneer Investcorp Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Pioneer Investcorp (BOM:507864) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Pioneer Investcorp Ltd (BOM:507864) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1218, Maker Chambers V, 12th Floor, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.pinc.co.in

Pioneer Investcorp Ltd is a financial services company specializing in investment banking and advisory services. The company is a SEBI registered category I Merchant Banker. Its investment banking services include private equity advisory, merchant banking, corporate finance advisory, and strategic alliances, debt syndication, structured transactions, and mergers and acquisitions. The company also deals in products like Treasury Bills, Government securities, State Development Loans, Non-SLR Bonds, Corporate Bonds, and money market instruments like Certificates of Deposit, Commercial Paper, Inter-Corporate Deposits, and Call and notice Money Deposits. It also provides underwriting, claims, reinsurance, and risk management for a diverse set of clients.

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