International Industries (KAR:INIL) Interest Expense : ₨-2,203 Mil (TTM As of Mar. 2024)

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What is International Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. International Industries's interest expense for the three months ended in Mar. 2024 was ₨ -481 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₨-2,203 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. International Industries's Operating Income for the three months ended in Mar. 2024 was ₨ 1,214 Mil. International Industries's Interest Expense for the three months ended in Mar. 2024 was ₨ -481 Mil. International Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 2.52. 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.

International Industries Interest Expense Historical Data

The historical data trend for International Industries'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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International Industries Interest Expense Chart

International Industries Annual Data

Trend

Jun14

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Jun19

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Jun23

Interest Expense

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-2,185.68

-3,197.70

-1,444.17

-2,320.45

-3,876.96

International Industries 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															-775.39	-518.76	-679.74	-523.10	-481.25

International Industries 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 ₨-2,203 Mil.

International Industries (KAR:INIL) 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.

International Industries's Interest Expense for the three months ended in Mar. 2024 was ₨-481 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₨1,214 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₨4,526 Mil.

International Industries'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	*	1214.33	/	-481.251
	=	2.52

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

International Industries (KAR:INIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » International Industries Ltd (KAR:INIL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Beaumont Road, 101, Beaumont Plaza, Karachi, SD, PAK, 75530

Website

https://www.iil.com.pk

International Industries Ltd is a Pakistan-based company engaged in manufacturing and marketing steel pipes and tubes. It operates through three segments namely Steel, Polymer, and Investment. The company generates maximum revenue from the Steel segment. Geographically, it derives a majority of its revenue from Pakistan and also has a presence in Asia, Europe, Australia, Africa, and the Americas. The company's product includes Galvanized Iron Pipe (GI Pipe); IIL MS Sch 40; Cold Rolled Steel Tubing; Scaffolding Pipe (Safescaf); Megaflo 100 (HDPE Water Pipe); Flexflo 80/100 (MDPE Gas Pipe); Cosmo (SS 304); FORZA (SS 409) and others. Its product is used in Hotels; Shopping malls; Kitchen and restaurant equipment; Educational institutions; Resorts and farmhouses; Swimming pools; etc.

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