NMDC Steel (BOM:543768) Interest Expense : ₹-3,306 Mil (TTM As of Mar. 2024)

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What is NMDC Steel Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NMDC Steel's interest expense for the six months ended in Mar. 2024 was ₹ -2,898 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-3,306 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. NMDC Steel's Operating Income for the six months ended in Mar. 2024 was ₹ -18,430 Mil. NMDC Steel's Interest Expense for the six months ended in Mar. 2024 was ₹ -2,898 Mil. NMDC Steel did not have earnings to cover the interest expense. 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.

NMDC Steel Interest Expense Historical Data

The historical data trend for NMDC Steel'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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NMDC Steel Interest Expense Chart

NMDC Steel Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-3,305.90

NMDC Steel Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial				-	-	-	-407.50	-2,898.40

NMDC Steel 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 semi-annually data reported by the company within the most recent 12 months, which was ₹-3,306 Mil.

NMDC Steel (BOM:543768) 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.

NMDC Steel's Interest Expense for the six months ended in Mar. 2024 was ₹-2,898 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹-18,430 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹42,710 Mil.

NMDC Steel's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

NMDC Steel did not have earnings to cover the interest expense.

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

NMDC Steel (BOM:543768) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » NMDC Steel Ltd (BOM:543768) » Definitions » Interest Expense

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NSLNISP:India

Address

Khanij Bhavan, 10-3-311/A, Castle Hills, Masab Tank, Hyderabad, TG, IND, 500028

Website

https://nmdcsteel.nmdc.co.in

NMDC Steel Ltd owns and operates mechanized iron ore mines. The company is producing about 35 MTPA of iron ore from its major iron-producing units in Bailadila Sector in Chhattisgarh and Donimalai.

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