Elgi Equipments (BOM:522074) Interest Expense : ₹-321 Mil (TTM As of Dec. 2024)

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What is Elgi Equipments Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Elgi Equipments's interest expense for the three months ended in Dec. 2024 was ₹ -56 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-321 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. Elgi Equipments's Operating Income for the three months ended in Dec. 2024 was ₹ 1,008 Mil. Elgi Equipments's Interest Expense for the three months ended in Dec. 2024 was ₹ -56 Mil. Elgi Equipments's Interest Coverage for the quarter that ended in Dec. 2024 was 18.12. 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.

Elgi Equipments Interest Expense Historical Data

The historical data trend for Elgi Equipments'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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Elgi Equipments Interest Expense Chart

Elgi Equipments Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-155.47

-134.83

-111.11

-197.70

-293.44

Elgi Equipments 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															-84.69	-96.00	-85.74	-84.06	-55.66

Elgi Equipments 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 ₹-321 Mil.

Elgi Equipments (BOM:522074) 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.

Elgi Equipments's Interest Expense for the three months ended in Dec. 2024 was ₹-56 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹1,008 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Elgi Equipments'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	*	1008.43	/	-55.66
	=	18.12

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

Elgi Equipments Business Description

Industry

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ELGIEQUIP:India

Address

Trichy Road, Elgi Industrial Complex III, Singanallur, Coimbatore, TN, IND, 641005

Website

https://www.elgi.com

Elgi Equipments Ltd manufactures air compressors and compressed air systems. The segment in which the group operates includes Air Compressors and Automotive Equipment. Its products include piston compressors, electric lubricated screw compressors, electric oil-free screw compressors, portable compressors, railway compressors, and air accessories. Geographically, it derives a majority of its revenue from India and also has a presence in the United States of America, Italy, Australia, and other countries. It serves the Textile; Manufacturing; Automotive; Agriculture and Construction industries.

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