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Steel Exchange India (BOM:534748) Interest Expense : ₹-779 Mil (TTM As of Mar. 2024)


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What is Steel Exchange India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Steel Exchange India's interest expense for the three months ended in Mar. 2024 was ₹ -195 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-779 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. Steel Exchange India's Operating Income for the three months ended in Mar. 2024 was ₹ 285 Mil. Steel Exchange India's Interest Expense for the three months ended in Mar. 2024 was ₹ -195 Mil. Steel Exchange India's Interest Coverage for the quarter that ended in Mar. 2024 was 1.47. 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.

Steel Exchange India Interest Expense Historical Data

The historical data trend for Steel Exchange 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.

* Premium members only.

Steel Exchange India Interest Expense Chart

Steel Exchange India Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -33.21 -261.64 -875.20 -1,056.37 -778.70

Steel Exchange India 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -419.74 -207.89 -183.53 -192.69 -194.58

Steel Exchange 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-779 Mil.

* 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.

Steel Exchange India  (BOM:534748) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Steel Exchange India's Interest Expense for the three months ended in Mar. 2024 was ₹-195 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹285 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹3,405 Mil.

Steel Exchange India'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*285.129/-194.582
=1.47

* 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.

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

Steel Exchange India (BOM:534748) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Steel Exchange India Ltd (BOM:534748) » Definitions » Interest Expense
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BOM:511076 BOM:543747 BOM:542669 BOM:513269 BOM:539018 NSE:HITECH BOM:513517 BOM:532741 BOM:532650 BOM:540642 NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT NSE:TATASTEEL STLD RS MIC:CHMF
Traded in Other Exchanges
STEELXIND:India
Address
Block A, Green City Towers, Near Apparel Export Park, Green City, Vadlapudi Post, Visakhapatnam, AP, IND, 530049
Website
https://www.seil.co.in
Steel Exchange India Ltd is engaged in the business of manufacturing and marketing iron and steel products. It operates in the Iron and Steel and Power segment. The division also deals with the products manufactured by the company namely TMT bars, Sponge Iron, and Steel billet, RINL (Vizag Steel) and is marketed in some of the coastal regions. The company also engages in the generation and sale of power to power traders. The company generates the majority of its revenue from the Iron and steel segment.

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