Inox Wind Energy (BOM:543297) Interest Expense : ₹-1,765 Mil (TTM As of Mar. 2024)

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What is Inox Wind Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Inox Wind Energy's interest expense for the three months ended in Mar. 2024 was ₹ -545 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1,765 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 Energy's Operating Income for the three months ended in Mar. 2024 was ₹ 689 Mil. Inox Wind Energy's Interest Expense for the three months ended in Mar. 2024 was ₹ -545 Mil. Inox Wind Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 1.26. 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 Energy Interest Expense Historical Data

The historical data trend for Inox Wind 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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Inox Wind Energy Interest Expense Chart

Inox Wind Energy Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1,935.32

-1,983.77

-2,208.37

-3,271.00

-2,399.30

Inox Wind Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-920.00	-626.70	-624.50	-595.60	-545.10

Inox Wind 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 ₹-1,765 Mil.

Inox Wind Energy (BOM:543297) 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.

Inox Wind Energy's Interest Expense for the three months ended in Mar. 2024 was ₹-545 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹689 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹3,114 Mil.

Inox Wind 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	*	689.3	/	-545.1
	=	1.26

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Inox Wind Energy Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Inox Wind Energy (BOM:543297) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Inox Wind Energy Ltd (BOM:543297) » Definitions » Interest Expense

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IWEL:India

Address

INOX Towers, Plot No. 17, Sector 16A, Noida, UP, IND, 201301

Website

https://www.inoxwind.com

Inox Wind Energy Ltd is engaged in the business of manufacture and sale of Wind Turbine Generators (WTGs). It also provides Erection, Procurement and Commissioning, Operations and Maintenance and Common Infrastructure Facilities services for WTGs and wind farm development services. The area of operations of the company is within India. The company generates revenue from the sale of goods, and services.

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