RDB Realty & Infrastructure (BOM:533285) Interest Expense : ₹-189 Mil (TTM As of Mar. 2024)

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What is RDB Realty & Infrastructure Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. RDB Realty & Infrastructure's interest expense for the three months ended in Mar. 2024 was ₹ -73 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-189 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. RDB Realty & Infrastructure's Operating Income for the three months ended in Mar. 2024 was ₹ 152 Mil. RDB Realty & Infrastructure's Interest Expense for the three months ended in Mar. 2024 was ₹ -73 Mil. RDB Realty & Infrastructure's Interest Coverage for the quarter that ended in Mar. 2024 was 2.08. 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.

RDB Realty & Infrastructure Interest Expense Historical Data

The historical data trend for RDB Realty & Infrastructure'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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RDB Realty & Infrastructure Interest Expense Chart

RDB Realty & Infrastructure Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-12.99

-4.61

-16.79

-125.85

-188.91

RDB Realty & Infrastructure 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															-42.48	-47.96	-23.79	-43.90	-73.27

RDB Realty & Infrastructure 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 ₹-189 Mil.

RDB Realty & Infrastructure (BOM:533285) 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.

RDB Realty & Infrastructure's Interest Expense for the three months ended in Mar. 2024 was ₹-73 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹152 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹2,648 Mil.

RDB Realty & Infrastructure'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	*	152.234	/	-73.273
	=	2.08

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. RDB Realty & Infrastructure Ltd interest coverage is 1.71, which is low.

RDB Realty & Infrastructure (BOM:533285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » RDB Realty & Infrastructure Ltd (BOM:533285) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

8/1, Lal Bazar Street, 1st Floor, Room No. 10, Bikaner Building, Kolkata, WB, IND, 700001

Website

http://www.rdbindia.com

RDB Realty & Infrastructure Ltd engages in the real estate development business. The company's products are categorized into two divisions namely, Residential Projects and Commercial Projects. Its Residential Projects division is engaged in developing Hi-tech and Integrated Townships and Group Housing projects. Its Commercial Projects division is involved in building and selling or leasing out Office Spaces, Malls and Shops. It generates revenue from Construction Activities.

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