KPI Green Energy (BOM:542323) Interest Expense : ₹-861 Mil (TTM As of Mar. 2024)

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What is KPI Green Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. KPI Green Energy's interest expense for the three months ended in Mar. 2024 was ₹ -248 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-861 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. KPI Green Energy's Operating Income for the three months ended in Mar. 2024 was ₹ 816 Mil. KPI Green Energy's Interest Expense for the three months ended in Mar. 2024 was ₹ -248 Mil. KPI Green Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 3.29. 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.

KPI Green Energy Interest Expense Historical Data

The historical data trend for KPI Green Energy'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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KPI Green Energy Interest Expense Chart

KPI Green Energy Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-73.71

-150.47

-217.44

-467.65

-860.62

KPI Green Energy Quarterly Data
	Sep18	Mar19	Sep19	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															-130.90	-197.24	-184.60	-230.52	-248.27

KPI Green Energy 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 ₹-861 Mil.

KPI Green Energy (BOM:542323) 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.

KPI Green Energy's Interest Expense for the three months ended in Mar. 2024 was ₹-248 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹816 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹6,217 Mil.

KPI Green Energy'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	*	815.76	/	-248.265
	=	3.29

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

KPI Green Energy (BOM:542323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » KPI Green Energy Ltd (BOM:542323) » Definitions » Interest Expense

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KPIGREEN:India

Address

Canal Road, Bhatar Road, KP House, Opposite Ishwar Farm Junction BRTS, Near Bliss IVF Circle, Surat, GJ, IND, 395017

Website

https://www.kpigreenenergy.com

KPI Green Energy Ltd Ltd is a solar power generating company. The company develops, builds, owns, operates, and maintains solar power plants as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPP) under the brand name Solarism. Its operating segment includes the Sale of Power and Solar power plants; and the Sale of Plots. The company generates maximum revenue from the Sale of Power and power plants segment. Geographically, it operates only in India.

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