Multi Commodity Exchange of India (BOM:534091) Interest Expense : ₹-4 Mil (TTM As of Dec. 2024)

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What is Multi Commodity Exchange of India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Multi Commodity Exchange of India's interest expense for the three months ended in Dec. 2024 was ₹ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-4 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. Multi Commodity Exchange of India's Operating Income for the three months ended in Dec. 2024 was ₹ 1,785 Mil. Multi Commodity Exchange of India's Interest Expense for the three months ended in Dec. 2024 was ₹ -2 Mil. Multi Commodity Exchange of India's Interest Coverage for the quarter that ended in Dec. 2024 was 1,050.12. 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.

Multi Commodity Exchange of India Interest Expense Historical Data

The historical data trend for Multi Commodity Exchange of India'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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Multi Commodity Exchange of India Interest Expense Chart

Multi Commodity Exchange of India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1.60

-1.90

-2.40

-2.10

-2.70

Multi Commodity Exchange of India 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															-0.50	-0.60	-0.50	-1.00	-1.70

Multi Commodity Exchange of India 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 ₹-4 Mil.

Multi Commodity Exchange of India (BOM:534091) 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.

Multi Commodity Exchange of India's Interest Expense for the three months ended in Dec. 2024 was ₹-2 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹1,785 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Multi Commodity Exchange of India'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	*	1785.2	/	-1.7
	=	1,050.12

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Multi Commodity Exchange of India Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Multi Commodity Exchange of India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Multi Commodity Exchange of India Ltd (BOM:534091) » Definitions » Interest Expense

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MCX:India

Address

Suren Road, Exchange Square, Chakala, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.mcxindia.com

Multi Commodity Exchange of India Ltd is an India-based deemed Stock Exchange recognized under the Securities Contracts (Regulation) Act, 1956. The company facilitates online trading, and clearing and settlement of commodity futures transactions, thereby providing a platform for risk management. The company is a demutualized Exchange and has permanent recognition from the Government of India to facilitate nationwide online trading, clearing, and settlement operations of commodity derivatives. The company derives its revenues from transaction fees, admission fees, annual subscription fees, terminal charges, connectivity income, interest income, dividends from and gains on the sale of investments and other miscellaneous income.

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