Shriram Properties (BOM:543419) Interest Expense : ₹-1,092 Mil (TTM As of Dec. 2023)

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What is Shriram Properties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shriram Properties's interest expense for the three months ended in Dec. 2023 was ₹ -276 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-1,092 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. Shriram Properties's Operating Income for the three months ended in Dec. 2023 was ₹ 187 Mil. Shriram Properties's Interest Expense for the three months ended in Dec. 2023 was ₹ -276 Mil. Shriram Properties's Interest Coverage for the quarter that ended in Dec. 2023 was 0.68. 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.

Shriram Properties Interest Expense Historical Data

The historical data trend for Shriram Properties'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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Shriram Properties Interest Expense Chart

Shriram Properties Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

-1,055.96

-1,252.91

-1,239.58

-1,174.08

-979.74

Shriram Properties Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial										-227.30	-224.34	-328.99	-262.70	-275.70

Shriram Properties 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 ₹-1,092 Mil.

Shriram Properties (BOM:543419) 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.

Shriram Properties's Interest Expense for the three months ended in Dec. 2023 was ₹-276 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹187 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Shriram Properties'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	*	187.1	/	-275.7
	=	0.68

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

Shriram Properties (BOM:543419) Business Description

Industry

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SHRIRAMPPS:India

Address

No. 31, 2nd Main Road, T. Chowdaiah Road, Shriram House, Sadashivanagar, Bengaluru, KA, IND, 560 080

Website

https://www.shriramproperties.com

Shriram Properties Ltd is a residential real estate development company. The Company is engaged in the business of construction, development and sale of all or any part of housing project which is the only reportable segment. It primarily focuses on the mid-market and affordable housing segments. It is also present in the mid-market premium and luxury housing categories as well as commercial and office space categories.

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