Nimbus Projects (BOM:511714) Interest Expense : ₹-35.98 Mil (TTM As of Dec. 2024)

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What is Nimbus Projects Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nimbus Projects's interest expense for the three months ended in Dec. 2024 was ₹ -29.24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-35.98 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. Nimbus Projects's Operating Income for the three months ended in Dec. 2024 was ₹ -0.69 Mil. Nimbus Projects's Interest Expense for the three months ended in Dec. 2024 was ₹ -29.24 Mil. Nimbus Projects did not have earnings to cover the interest expense. 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.

Nimbus Projects Interest Expense Historical Data

The historical data trend for Nimbus Projects'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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Nimbus Projects Interest Expense Chart

Nimbus Projects Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-8.17

-6.22

-7.54

-5.91

-7.11

Nimbus Projects 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															-13.34	31.00	-16.73	-21.02	-29.24

Nimbus Projects 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 ₹-35.98 Mil.

Nimbus Projects (BOM:511714) 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.

Nimbus Projects's Interest Expense for the three months ended in Dec. 2024 was ₹-29.24 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹-0.69 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0.00 Mil.

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

Nimbus Projects did not have earnings to cover the interest expense.

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

Nimbus Projects Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Nimbus Projects Ltd (BOM:511714) » Definitions » Interest Expense

Traded in Other Exchanges

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Address

23, Barakhamba Road, 1001-1006, 10th Floor Narain Manzil, New Delhi, IND, 110001

Website

https://www.nimbusprojectsltd.com

Nimbus Projects Ltd is engaged in the construction of residential flats through Special Purpose Vehicles (SPVs) and these SPVs have been allotted plots of land on long term lease, under Builders Residential Scheme (BRS) of the New Okhla Industrial Development Authority (NOIDA), Greater Noida Industrial Development Authority (GNIDA) and Yamuna Expressway Authority (YEA). The projects developed by the company include Express Park View- I, The Hyde Park, The Golden Palms, The Express Park View II, and Nimbus The Palm Village. The company generates the majority of its revenue from the sale of residential property/plot/flat, followed by income from renting services.

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