Fortis Healthcare (BOM:532843) Interest Expense : ₹-1,310 Mil (TTM As of Mar. 2024)

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What is Fortis Healthcare Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fortis Healthcare's interest expense for the three months ended in Mar. 2024 was ₹ -347 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1,310 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. Fortis Healthcare's Operating Income for the three months ended in Mar. 2024 was ₹ 2,888 Mil. Fortis Healthcare's Interest Expense for the three months ended in Mar. 2024 was ₹ -347 Mil. Fortis Healthcare's Interest Coverage for the quarter that ended in Mar. 2024 was 8.33. 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.

Fortis Healthcare Interest Expense Historical Data

The historical data trend for Fortis Healthcare'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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Fortis Healthcare Interest Expense Chart

Fortis Healthcare Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1,798.06

-1,484.90

-1,272.74

-1,290.90

-1,309.50

Fortis Healthcare 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															-317.20	-314.90	-318.10	-329.60	-346.90

Fortis Healthcare 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 ₹-1,310 Mil.

Fortis Healthcare (BOM:532843) 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.

Fortis Healthcare's Interest Expense for the three months ended in Mar. 2024 was ₹-347 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹2,888 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹9,858 Mil.

Fortis Healthcare'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	*	2888.1	/	-346.9
	=	8.33

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

Fortis Healthcare (BOM:532843) Business Description

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FORTIS:India

Address

Tower - A, Unitech Business Park, Block - F, South City 1, Sector - 41, Gurugram, HR, IND, 122001

Website

https://www.fortishealthcare.com

Fortis Healthcare Ltd provides integrated healthcare delivery services in India. The company manages healthcare centers including hospitals, diagnostics, and day care specialty facilities. The company's most prominent specialty in its hospital business is cardiac sciences. The Company is primarily engaged in the business of healthcare services which is the only reportable segment. The company's key hospitals include Fortis Escorts Heart Institute in Dehli, Fortis Mulund in Mumbai, and Fortis Hospital in Bengaluru. A majority of the company's revenue is derived from India.

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