CARE Ratings (NSE:CARERATING) Interest Expense : ₹-21 Mil (TTM As of Mar. 2025)

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What is CARE Ratings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CARE Ratings's interest expense for the three months ended in Mar. 2025 was ₹ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2025 was ₹-21 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. CARE Ratings's Operating Income for the three months ended in Mar. 2025 was ₹ 443 Mil. CARE Ratings's Interest Expense for the three months ended in Mar. 2025 was ₹ -6 Mil. CARE Ratings's Interest Coverage for the quarter that ended in Mar. 2025 was 74.29. 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.

CARE Ratings Interest Expense Historical Data

The historical data trend for CARE Ratings'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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CARE Ratings Interest Expense Chart

CARE Ratings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Interest Expense

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-6.18

-4.64

-10.02

-17.12

-21.08

CARE Ratings Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Expense	Get a 7-Day Free Trial															-4.57	-4.62	-4.92	-5.58	-5.96

CARE Ratings 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. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-21 Mil.

CARE Ratings (NSE:CARERATING) 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.

CARE Ratings's Interest Expense for the three months ended in Mar. 2025 was ₹-6 Mil. Its Operating Income for the three months ended in Mar. 2025 was ₹443 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2025 was ₹205 Mil.

CARE Ratings's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	443.079	/	-5.964
	=	74.29

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. CARE Ratings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

CARE Ratings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » CARE Ratings Ltd (NSE:CARERATING) » Definitions » Interest Expense

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534804:India

Address

Somaiya Hospital Road, 4th Floor, Godrej Coliseum, Off Eastern Express Highway, Sion (East), Mumbai, MH, IND, 400 022

Website

https://www.careratings.com

CARE Ratings Ltd is an India-based company credit rating firm. The company's operating segment includes Ratings and related services and Others. It generates maximum revenue from the Ratings and related services segment. The company provides ratings for the Corporate Sector; Financial Sector; Structured Finance; Insurance Sector; Infrastructure Sector and others.

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