Force Motors (NSE:FORCEMOT) Interest Expense : ₹-319 Mil (TTM As of Dec. 2024)

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What is Force Motors Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Force Motors's interest expense for the three months ended in Dec. 2024 was ₹ -41 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-319 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. Force Motors's Operating Income for the three months ended in Dec. 2024 was ₹ 1,612 Mil. Force Motors's Interest Expense for the three months ended in Dec. 2024 was ₹ -41 Mil. Force Motors's Interest Coverage for the quarter that ended in Dec. 2024 was 39.12. 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.

Force Motors Interest Expense Historical Data

The historical data trend for Force Motors'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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Force Motors Interest Expense Chart

Force Motors Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-273.80

-278.30

-410.40

-683.10

-611.30

Force Motors Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-141.10	-132.80	-90.60	-54.30	-41.20

Force Motors 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-319 Mil.

Force Motors (NSE:FORCEMOT) 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.

Force Motors's Interest Expense for the three months ended in Dec. 2024 was ₹-41 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹1,612 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Force Motors's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	1611.9	/	-41.2
	=	39.12

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

Force Motors Business Description

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500033:India

Address

Mumbai-Pune Road, Akurdi, Pune, MH, IND, 411 035

Website

https://www.forcemotors.com

Force Motors Ltd is an automobile manufacturing company domiciled in India. The company principally manufactures small commercial vehicles, including cargo transportation; light commercial vehicles, such as buses and vans; multi-utility vehicles; sports utility vehicles; and agricultural tractors. In addition to vehicle manufacturing operations, Force Motors manufactures products related to the automobile industry, such as diesel engines. Production is largely sold domestically, and the company's manufacturing operations are conducted in domestic plants.

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