Inditrade Capital (BOM:532745) Interest Expense : ₹-274 Mil (TTM As of Mar. 2024)

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What is Inditrade Capital Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Inditrade Capital's interest expense for the three months ended in Mar. 2024 was ₹ -59 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-274 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. Inditrade Capital's Operating Income for the three months ended in Mar. 2024 was ₹ 133 Mil. Inditrade Capital's Interest Expense for the three months ended in Mar. 2024 was ₹ -59 Mil. Inditrade Capital's Interest Coverage for the quarter that ended in Mar. 2024 was 2.25. 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.

Inditrade Capital Interest Expense Historical Data

The historical data trend for Inditrade Capital'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.

* Premium members only.

Inditrade Capital Interest Expense Chart

Inditrade Capital Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-9.40

-8.42

-48.69

-357.64

-273.66

Inditrade Capital 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															-79.32	-81.39	-62.95	-70.14	-59.19

Inditrade Capital 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 ₹-274 Mil.

Inditrade Capital (BOM:532745) 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.

Inditrade Capital's Interest Expense for the three months ended in Mar. 2024 was ₹-59 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹133 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,495 Mil.

Inditrade Capital'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	*	133.113	/	-59.189
	=	2.25

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

Inditrade Capital (BOM:532745) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Inditrade Capital Ltd (BOM:532745) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Senapati Bapat Marg, Unit No. T-7 C, 5th Floor, C Wing, Phoenix House, Lower Parel West, Mumbai, MH, IND, 400013

Website

https://www.inditrade.com

Inditrade Capital Ltd is a financial service provider in India. It is engaged in the provision of financial services through commodity broking. It offers insurance and support services, and commodities brokerage-related services which include depository participant services, currency trading, internet trading, and phone-based services. Its segment includes Client financing, Commodity trade support services, sale of goods, Insurance broking services, and Others. It derives the majority of its revenue from Client financing. Geographically all the activities functioned through the regions of India and it derives revenue in the form of brokerage, fees, and others.

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