IITL Projects (BOM:531968) Interest Expense : ₹-3.89 Mil (TTM As of Dec. 2023)

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What is IITL Projects Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IITL Projects's interest expense for the three months ended in Dec. 2023 was ₹ -14.54 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-3.89 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. IITL Projects's Operating Income for the three months ended in Dec. 2023 was ₹ -0.05 Mil. IITL Projects's Interest Expense for the three months ended in Dec. 2023 was ₹ -14.54 Mil. IITL 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.

IITL Projects Interest Expense Historical Data

The historical data trend for IITL 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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IITL Projects Interest Expense Chart

IITL Projects Annual Data

Trend

Mar14

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Mar23

Interest Expense

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-36.47

-0.07

-0.10

-52.96

IITL Projects Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-13.24	39.72	-14.54	-14.53	-14.54

IITL 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-3.89 Mil.

IITL Projects (BOM:531968) 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.

IITL Projects's Interest Expense for the three months ended in Dec. 2023 was ₹-14.54 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹-0.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.00 Mil.

IITL Projects's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

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

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

IITL Projects (BOM:531968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » IITL Projects Ltd (BOM:531968) » Definitions » Interest Expense

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Address

313-315, Vikas Deep Building, District Centre, Laxmi Nagar, Delhi, IND, 110092

Website

https://www.iitlprojects.com

IITL Projects Ltd is engaged in the real estate business and construction of residential complexes in the National Capital Region (NCR). It operates through the Real Estate development and related activities segment. It is also involved in providing techno-commercial consultancy to infrastructure projects. The company's projects under construction at various levels include Express Park View, Express Park View-II, The Hyde Park, The Golden Palms, and The Golden Palm Village.

IITL Projects (BOM:531968) Headlines

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