Jindal Worldwide (BOM:531543) Interest Expense : ₹-494 Mil (TTM As of Mar. 2024)

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What is Jindal Worldwide Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jindal Worldwide's interest expense for the three months ended in Mar. 2024 was ₹ -89 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-494 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. Jindal Worldwide's Operating Income for the three months ended in Mar. 2024 was ₹ 471 Mil. Jindal Worldwide's Interest Expense for the three months ended in Mar. 2024 was ₹ -89 Mil. Jindal Worldwide's Interest Coverage for the quarter that ended in Mar. 2024 was 5.29. 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.

Jindal Worldwide Interest Expense Historical Data

The historical data trend for Jindal Worldwide'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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Jindal Worldwide Interest Expense Chart

Jindal Worldwide Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-609.65

-442.37

-449.32

-518.02

-493.93

Jindal Worldwide 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															-131.07	-150.04	-106.83	-148.02	-89.05

Jindal Worldwide 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 ₹-494 Mil.

Jindal Worldwide (BOM:531543) 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.

Jindal Worldwide's Interest Expense for the three months ended in Mar. 2024 was ₹-89 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹471 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹2,073 Mil.

Jindal Worldwide'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	*	471.28	/	-89.045
	=	5.29

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

Jindal Worldwide (BOM:531543) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jindal Worldwide Ltd (BOM:531543) » Definitions » Interest Expense

Traded in Other Exchanges

JINDWORLD:India

Address

Shivranjani, Shyamal, 132 Ft Ring Road, I.O.C. Petrol Pump Lane, Jindal Corporate House, Opposite D-Mart, Satellite, Ahmedabad, GJ, IND, 380015

Website

https://www.jindaltextiles.com

Jindal Worldwide Ltd manufactures, sells, and exports denim and home textiles. Its products include denim fabrics, bottom-weight fabric, shirting fabric, yarn-dyed fabric and bedsheets. The company provides products and services in the textiles, chemicals, finance, and trading areas. It operates in one segment Textiles.

Jindal Worldwide (BOM:531543) Headlines

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