Sobha (BOM:532784) Interest Expense : ₹-2,455 Mil (TTM As of Mar. 2024)

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What is Sobha Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sobha's interest expense for the three months ended in Mar. 2024 was ₹ -590 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-2,455 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. Sobha's Operating Income for the three months ended in Mar. 2024 was ₹ 416 Mil. Sobha's Interest Expense for the three months ended in Mar. 2024 was ₹ -590 Mil. Sobha's Interest Coverage for the quarter that ended in Mar. 2024 was 0.70. 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.

Sobha Interest Expense Historical Data

The historical data trend for Sobha'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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Sobha Interest Expense Chart

Sobha Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-2,456.66

-2,793.02

-2,864.46

-2,490.24

-2,455.06

Sobha 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															-611.66	-611.43	-638.69	-614.49	-590.45

Sobha 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 ₹-2,455 Mil.

Sobha (BOM:532784) 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.

Sobha's Interest Expense for the three months ended in Mar. 2024 was ₹-590 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹416 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹7,377 Mil.

Sobha'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	*	415.68	/	-590.45
	=	0.70

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

Sobha (BOM:532784) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sobha Ltd (BOM:532784) » Definitions » Interest Expense

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SOBHA:India

Address

SOBHA, Sarjapur - Marathahalli Outer Ring Road, Devarabisanahalli, Bellandur Post, Bangalore, KA, IND, 560103

Website

https://www.sobha.com

Sobha Ltd is engaged in the real estate business. The company is engaged in the development and construction of the properties. The company is operating in two segments: The Real estate segment and the Contractual and manufacturing segment. The real Estate segment (RE) is into the development, sale, management, and operation of all or any part of townships, and housing projects also include leasing of self-owned commercial premises. The contractual and manufacturing Segment (CM) is into the development of commercial premises and other related activities, also including manufacturing activities related to interiors, glazing and metal works and concrete products. It generates its revenue from the Real Estate segment.

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