Hindware Home Innovation (BOM:542905) Interest Expense : ₹-933 Mil (TTM As of Dec. 2023)

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What is Hindware Home Innovation Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hindware Home Innovation's interest expense for the three months ended in Dec. 2023 was ₹ -235 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-933 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. Hindware Home Innovation's Operating Income for the three months ended in Dec. 2023 was ₹ 193 Mil. Hindware Home Innovation's Interest Expense for the three months ended in Dec. 2023 was ₹ -235 Mil. Hindware Home Innovation's Interest Coverage for the quarter that ended in Dec. 2023 was 0.82. 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.

Hindware Home Innovation Interest Expense Historical Data

The historical data trend for Hindware Home Innovation'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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Hindware Home Innovation Interest Expense Chart

Hindware Home Innovation Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-285.15

-333.15

-294.88

-204.19

-771.04

Hindware Home Innovation 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															-219.90	-229.34	-224.90	-243.20	-235.30

Hindware Home Innovation 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 ₹-933 Mil.

Hindware Home Innovation (BOM:542905) 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.

Hindware Home Innovation's Interest Expense for the three months ended in Dec. 2023 was ₹-235 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹193 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Hindware Home Innovation'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	*	192.9	/	-235.3
	=	0.82

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

Hindware Home Innovation (BOM:542905) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hindware Home Innovation Ltd (BOM:542905) » Definitions » Interest Expense

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Traded in Other Exchanges

HINDWAREAP:India

Address

Plot No. 68, Echelon Institutional Area, Sector 32, Gurugram, HR, IND, 122001

Website

https://www.shilgroup.com

Hindware Home Innovation Ltd is engaged in manufacturing, selling and trading of building products, glass products, consumer products, plastic products, and retail business. Its product portfolio includes Kitchen Ensemble, Water heaters, Air coolers, Water purifiers, Air purifiers, and Window vents, among other products. Some of its brands are Hindware, Moonbow and Evok. The segments of the company include Building Products, Consumer appliances, and Retail business. The group operates in India. The company generates the majority of its revenue from Building products segment.

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