Bajaj Consumer Care (NSE:BAJAJCON) Interest Expense : ₹-10 Mil (TTM As of Mar. 2024)

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What is Bajaj Consumer Care Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bajaj Consumer Care's interest expense for the three months ended in Mar. 2024 was ₹ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-10 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. Bajaj Consumer Care's Operating Income for the three months ended in Mar. 2024 was ₹ 321 Mil. Bajaj Consumer Care's Interest Expense for the three months ended in Mar. 2024 was ₹ -2 Mil. Bajaj Consumer Care's Interest Coverage for the quarter that ended in Mar. 2024 was 143.38. 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.

Bajaj Consumer Care Interest Expense Historical Data

The historical data trend for Bajaj Consumer Care'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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Bajaj Consumer Care Interest Expense Chart

Bajaj Consumer Care Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-40.59

-12.13

-8.75

-9.74

-10.15

Bajaj Consumer Care 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															-2.22	-2.96	-2.52	-2.44	-2.24

Bajaj Consumer Care 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 ₹-10 Mil.

Bajaj Consumer Care (NSE:BAJAJCON) 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.

Bajaj Consumer Care's Interest Expense for the three months ended in Mar. 2024 was ₹-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹321 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹40 Mil.

Bajaj Consumer Care'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	*	321.03	/	-2.239
	=	143.38

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Bajaj Consumer Care Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Bajaj Consumer Care (NSE:BAJAJCON) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bajaj Consumer Care Ltd (NSE:BAJAJCON) » Definitions » Interest Expense

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533229:India

Address

Old Station Road, Sevashram, Chouraha, Udaipur, RJ, IND, 313 001

Website

https://www.bajajconsumercare.com

Bajaj Consumer Care Ltd is an India-based company that is principally engaged in developing and distributing haircare and skincare products. It provides a number of hair oil products Bajaj Almond Drops Hair Oil, Bajaj Amla Hair Oil, Bajaj Brahmi Amla Hair Oil, Bajaj Kailash Parbat Hair Oil, and Bajaj Jasmine Hair Oil, with Bajaj Almond Drops Hair Oil the flagship product that contributes the majority of the company's total revenue. It also offers skincare products, with products categorized into cream, face wash, soap, scrub, and face pack. It has one segment Cosmetics, Toiletries and Other Personal Care products. It generates most of its revenue from the domestic market, and has a presence in overseas markets as well, mainly in the SAARC, Gulf and Middle-East, ASEAN, and African regions.

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