Wheels India (BOM:590073) Interest Expense : ₹-1,213 Mil (TTM As of Mar. 2024)

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What is Wheels India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wheels India's interest expense for the three months ended in Mar. 2024 was ₹ -306 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1,213 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. Wheels India's Operating Income for the three months ended in Mar. 2024 was ₹ 755 Mil. Wheels India's Interest Expense for the three months ended in Mar. 2024 was ₹ -306 Mil. Wheels India's Interest Coverage for the quarter that ended in Mar. 2024 was 2.47. 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.

Wheels India Interest Expense Historical Data

The historical data trend for Wheels India'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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Wheels India Interest Expense Chart

Wheels India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-655.50

-576.00

-721.50

-1,064.30

-1,225.00

Wheels India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-302.90	-297.80	-304.80	-304.40	-306.20

Wheels India 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 ₹-1,213 Mil.

Wheels India (BOM:590073) 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.

Wheels India's Interest Expense for the three months ended in Mar. 2024 was ₹-306 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹755 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹2,983 Mil.

Wheels India'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	*	755	/	-306.2
	=	2.47

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

Wheels India (BOM:590073) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wheels India Ltd (BOM:590073) » Definitions » Interest Expense

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WHEELS:India

Address

M.T.H. Road, Padi, Chennai, TN, IND, 600 050

Website

https://www.wheelsindia.com

Wheels India Ltd is a manufacturer of automobile wheels. The firm is organized into Automotive Components and Industrial Components segment. The automotive company segment is engaged in the manufacture of road wheels for passenger cars, utility vehicles, trucks, buses, agricultural tractors and construction equipment; however, the group is also engaged in the manufacturing suspension products for the vehicles. The industrial segment includes components and structures for windmills, railways and thermal power plants. It operates in the Indian and international markets, of which key revenue is derived from India. The majority of the company's revenue is generated from Automotive components.

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