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Inox Wind (BOM:539083) Interest Expense : ₹-1,665 Mil (TTM As of Sep. 2024)


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What is Inox Wind Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Inox Wind's interest expense for the three months ended in Sep. 2024 was ₹ -443 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-1,665 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. Inox Wind's Operating Income for the three months ended in Sep. 2024 was ₹ 1,286 Mil. Inox Wind's Interest Expense for the three months ended in Sep. 2024 was ₹ -443 Mil. Inox Wind's Interest Coverage for the quarter that ended in Sep. 2024 was 2.90. 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.

Inox Wind Interest Expense Historical Data

The historical data trend for Inox Wind'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.

Inox Wind Interest Expense Chart

Inox Wind 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 -1,935.32 -2,134.71 -2,826.90 -2,551.43 -1,923.84

Inox Wind Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -639.80 -627.20 -12.94 -581.80 -442.70

Inox Wind 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-1,665 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.

Inox Wind  (BOM:539083) 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.

Inox Wind's Interest Expense for the three months ended in Sep. 2024 was ₹-443 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹1,286 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹651 Mil.

Inox Wind's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*1285.8/-442.7
=2.90

* 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.

Inox Wind Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Inox Wind Ltd (BOM:539083) » Definitions » Interest Expense
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Traded in Other Exchanges
INOXWIND:India
Address
Inox Towers, Plot Number 17, Sector 16A, Noida, UP, IND, 201 301
Website
https://www.inoxwind.com
Inox Wind Ltd is engaged in the business of manufacturing Wind Turbine Generators. The group provides related erection, procurement & commissioning (EPC) services, operations & maintenance (O&M), and common infrastructure facility services for WTGs, and development of projects for wind farms. It conducts its business and provides services to various states in India. The company also offers turnkey solutions for the development of wind power projects which include wind studies, energy assessment, land acquisition, site infrastructure development, power evacuation, and others.

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