Ceat (NSE:CEATLTD) Interest Expense : ₹-2,691 Mil (TTM As of Mar. 2024)

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What is Ceat Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ceat's interest expense for the three months ended in Mar. 2024 was ₹ -617 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-2,691 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. Ceat's Operating Income for the three months ended in Mar. 2024 was ₹ 2,555 Mil. Ceat's Interest Expense for the three months ended in Mar. 2024 was ₹ -617 Mil. Ceat's Interest Coverage for the quarter that ended in Mar. 2024 was 4.14. 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.

Ceat Interest Expense Historical Data

The historical data trend for Ceat'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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Ceat Interest Expense Chart

Ceat Annual Data

Trend

Mar15

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Mar24

Interest Expense

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-1,463.80

-1,672.20

-1,991.20

-2,421.00

-2,690.60

Ceat 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															-665.70	-701.30	-717.20	-655.50	-616.60

Ceat 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 ₹-2,691 Mil.

Ceat (NSE:CEATLTD) 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.

Ceat's Interest Expense for the three months ended in Mar. 2024 was ₹-617 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹2,555 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹10,583 Mil.

Ceat'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	*	2554.5	/	-616.6
	=	4.14

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

Ceat (NSE:CEATLTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ceat Ltd (NSE:CEATLTD) » Definitions » Interest Expense

Traded in Other Exchanges

500878:India

Address

463, Dr. Annie Besant Road, RPG House, Worli, Mumbai, MH, IND, 400030

Website

https://www.ceat.com

Ceat Ltd is a tire manufacturer that operates within the RPG Group. It has a diverse product portfolio encompassing truck tires, off-the-road (OTR) vehicles, and light commercial vehicle categories. Tires are built to meet a range of specifications, such as ride comfort and low noise for European regulation requirements, in addition to builds that permit higher life targets for more industrial use.

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