Renaissance Global (BOM:532923) Interest Expense : ₹-541 Mil (TTM As of Dec. 2024)

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What is Renaissance Global Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Renaissance Global's interest expense for the three months ended in Dec. 2024 was ₹ -135 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-541 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. Renaissance Global's Operating Income for the three months ended in Dec. 2024 was ₹ 443 Mil. Renaissance Global's Interest Expense for the three months ended in Dec. 2024 was ₹ -135 Mil. Renaissance Global's Interest Coverage for the quarter that ended in Dec. 2024 was 3.28. 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.

Renaissance Global Interest Expense Historical Data

The historical data trend for Renaissance Global'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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Renaissance Global Interest Expense Chart

Renaissance Global Annual Data

Trend

Mar15

Mar16

Mar17

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Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-297.55

-249.83

-289.52

-412.49

-518.87

Renaissance Global Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-141.06	-143.92	-126.77	-135.33	-135.04

Renaissance Global 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-541 Mil.

Renaissance Global (BOM:532923) 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.

Renaissance Global's Interest Expense for the three months ended in Dec. 2024 was ₹-135 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹443 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Renaissance Global's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	443.231	/	-135.041
	=	3.28

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

Renaissance Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Renaissance Global Ltd (BOM:532923) » Definitions » Interest Expense

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Traded in Other Exchanges

RGL:India

Address

Plot Number 36A and 37, SEEPZ - SEZ, MIDC, Marol, Andheri (East), Mumbai, MH, IND, 400 096

Website

https://www.renaissanceglobal.com

Renaissance Global Ltd is engaged in manufacturing, trading, and retail of Jewellery, Gems, Diamond, Furniture and accessories. The jewelry products include Gold, Silver, Platinum, Studded with Polished Diamonds, and Semi-precious and precious stones. Its portfolio consists of Rings, Earrings, Pendants, Bracelets, Necklaces, Bangles, Money clips, Tie pins and Cuff links, among others. The brands of the company are Irasva, Enchanted Disney and Hallmark, among others. It sells the products in India and also exports them to other countries, of which prime revenue is generated from the sales made outside of India.

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