Mishra Dhatu Nigam (BOM:541195) Interest Expense : ₹-346 Mil (TTM As of Mar. 2024)

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What is Mishra Dhatu Nigam Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mishra Dhatu Nigam's interest expense for the three months ended in Mar. 2024 was ₹ -84 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-346 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. Mishra Dhatu Nigam's Operating Income for the three months ended in Mar. 2024 was ₹ 649 Mil. Mishra Dhatu Nigam's Interest Expense for the three months ended in Mar. 2024 was ₹ -84 Mil. Mishra Dhatu Nigam's Interest Coverage for the quarter that ended in Mar. 2024 was 7.73. 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.

Mishra Dhatu Nigam Interest Expense Historical Data

The historical data trend for Mishra Dhatu Nigam'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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Mishra Dhatu Nigam Interest Expense Chart

Mishra Dhatu Nigam Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-59.16

-118.62

-193.49

-257.32

-345.75

Mishra Dhatu Nigam 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															-80.86	-86.35	-87.95	-87.41	-84.05

Mishra Dhatu Nigam 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 ₹-346 Mil.

Mishra Dhatu Nigam (BOM:541195) 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.

Mishra Dhatu Nigam's Interest Expense for the three months ended in Mar. 2024 was ₹-84 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹649 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,401 Mil.

Mishra Dhatu Nigam'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	*	649.444	/	-84.049
	=	7.73

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

Mishra Dhatu Nigam (BOM:541195) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mishra Dhatu Nigam Ltd (BOM:541195) » Definitions » Interest Expense

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MIDHANI:India

Address

P.O. Kanchanbagh, Hyderabad, TG, IND, 500058

Website

http://www.midhani-india.in

Mishra Dhatu Nigam Ltd is engaged in the business of manufacturing of superalloys, titanium, special purpose steel, and other special metals. The Company is in the business of manufacturing of super alloys and other special metals which constitutes as their single reportable segment. The firm's product offerings include superalloys, electrical and electronic alloys, armour products, moly products, and other related products. In addition, it provides testing, evaluation and consulting services.

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