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Balkrishna Industries (NSE:BALKRISIND) Interest Expense : ₹-1,129 Mil (TTM As of Mar. 2024)


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What is Balkrishna Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Balkrishna Industries's interest expense for the three months ended in Mar. 2024 was ₹ -309 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1,129 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. Balkrishna Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 5,070 Mil. Balkrishna Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -309 Mil. Balkrishna Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 16.42. 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.

Balkrishna Industries Interest Expense Historical Data

The historical data trend for Balkrishna 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.

* Premium members only.

Balkrishna Industries Interest Expense Chart

Balkrishna Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -96.90 -106.20 -84.50 -480.40 -1,128.70

Balkrishna 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -261.00 -217.10 -238.50 -364.40 -308.70

Balkrishna 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 ₹-1,129 Mil.

* 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.

Balkrishna Industries  (NSE:BALKRISIND) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Balkrishna Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-309 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹5,070 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹6,955 Mil.

Balkrishna 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*5069.7/-308.7
=16.42

* 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.

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

Balkrishna Industries (NSE:BALKRISIND) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Balkrishna Industries Ltd (NSE:BALKRISIND) » Definitions » Interest Expense
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Traded in Other Exchanges
502355:India
Address
Senapati Bapat Marg, BKT House, C/15, Trade World, Kamala Mills Compound, Lower Parel (West), Mumbai, MH, IND, 400 013
Website
https://www.bkt-tires.com
Balkrishna Industries Ltd is a manufacturer of Off-Highway tires. The company serves original equipment manufacturers and customers in the replacement market. Tire products are utilized in agricultural and forestry, industrial markets, earthmoving, construction, port, mining, ATV, and gardening applications. Based out of India, the majority of Balkrishna's revenue is derived from international markets. Marketing and sales of tire products are conducted through wholly owned subsidiaries located in both Europe and North America.

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