Vardhman Special Steels (BOM:534392) Interest Expense : ₹-189 Mil (TTM As of Dec. 2024)

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What is Vardhman Special Steels Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vardhman Special Steels's interest expense for the three months ended in Dec. 2024 was ₹ -51 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 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. Vardhman Special Steels's Operating Income for the three months ended in Dec. 2024 was ₹ 266 Mil. Vardhman Special Steels's Interest Expense for the three months ended in Dec. 2024 was ₹ -51 Mil. Vardhman Special Steels's Interest Coverage for the quarter that ended in Dec. 2024 was 5.22. 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.

Vardhman Special Steels Interest Expense Historical Data

The historical data trend for Vardhman Special Steels'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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Vardhman Special Steels Interest Expense Chart

Vardhman Special Steels Annual Data

Trend

Mar15

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Mar24

Interest Expense

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-244.79

-186.11

-164.97

-165.28

-175.42

Vardhman Special Steels 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															-49.09	-37.84	-46.96	-53.67	-50.92

Vardhman Special Steels 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 ₹-189 Mil.

Vardhman Special Steels (BOM:534392) 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.

Vardhman Special Steels's Interest Expense for the three months ended in Dec. 2024 was ₹-51 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹266 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Vardhman Special Steels'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	*	265.958	/	-50.918
	=	5.22

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

Vardhman Special Steels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vardhman Special Steels Ltd (BOM:534392) » Definitions » Interest Expense

Traded in Other Exchanges

VSSL:India

Address

Chandigarh Road, Vardhman Premises, Ludhiana, PB, IND, 141 010

Website

https://www.vardhmansteel.com

Vardhman Special Steels Ltd is engaged in manufacturing steel bars and rods. The company caters to diverse requirements of hot-rolled bars for Engineering, Automotive, Tractor, Bearing and Allied Industries. Its products include Carbon steel, Carbon manganese steel, Chrome steel, Chrome manganese steel, Chrome moly steel, Boron steel, Vanadium steel, and Ball bearing steel. The company manufactures products using techniques such as Steel melting, Rolling Mill, Heat treatment and Bright bar shop. It generates a majority of its revenue from the sale of black bars. The company's operations are mainly located within India and also has a presence outside India.

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