Indian Railway Catering And Tourism (BOM:542830) Interest Expense : ₹-172 Mil (TTM As of Dec. 2023)

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What is Indian Railway Catering And Tourism Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Indian Railway Catering And Tourism's interest expense for the three months ended in Dec. 2023 was ₹ -48 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-172 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. Indian Railway Catering And Tourism's Operating Income for the three months ended in Dec. 2023 was ₹ 3,801 Mil. Indian Railway Catering And Tourism's Interest Expense for the three months ended in Dec. 2023 was ₹ -48 Mil. Indian Railway Catering And Tourism's Interest Coverage for the quarter that ended in Dec. 2023 was 79.96. 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.

Indian Railway Catering And Tourism Interest Expense Historical Data

The historical data trend for Indian Railway Catering And Tourism'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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Indian Railway Catering And Tourism Interest Expense Chart

Indian Railway Catering And Tourism Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-23.49

-97.56

-82.77

-110.50

-161.13

Indian Railway Catering And Tourism Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-48.96	-39.00	-41.28	-44.17	-47.53

Indian Railway Catering And Tourism 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-172 Mil.

Indian Railway Catering And Tourism (BOM:542830) 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.

Indian Railway Catering And Tourism's Interest Expense for the three months ended in Dec. 2023 was ₹-48 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹3,801 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Indian Railway Catering And Tourism's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	3800.662	/	-47.531
	=	79.96

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Indian Railway Catering And Tourism Corp Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Indian Railway Catering And Tourism (BOM:542830) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Indian Railway Catering And Tourism Corp Ltd (BOM:542830) » Definitions » Interest Expense

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IRCTC:India

Address

Barakhamba Road, B-148, 11th Floor, Statesman House, New Delhi, IND, 110001

Website

https://www.irctc.com

Indian Railway Catering And Tourism Corp Ltd is engaged in catering and hospitality services at stations, on trains, and other locations and to promote domestic and international tourism through the development of budget hotels, special tour packages, information and commercial publicity, and global reservation systems. The company's core services include Catering and Hospitality, Internet Ticketing, Travel and Tourism, and Packaged Drinking Water. A vast majority of its revenues are derived from the Catering business.

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