Grasim Industries (NSE:GRASIM) Interest Expense : ₹-14,613 Mil (TTM As of Dec. 2023)

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What is Grasim Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grasim Industries's interest expense for the three months ended in Dec. 2023 was ₹ -4,326 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-14,613 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. Grasim Industries's Operating Income for the three months ended in Dec. 2023 was ₹ 58,759 Mil. Grasim Industries's Interest Expense for the three months ended in Dec. 2023 was ₹ -4,326 Mil. Grasim Industries's Interest Coverage for the quarter that ended in Dec. 2023 was 13.58. 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.

Grasim Industries Interest Expense Historical Data

The historical data trend for Grasim 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.

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Grasim Industries Interest Expense Chart

Grasim Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-19,934.80

-22,091.70

-18,129.10

-12,325.10

-12,522.60

Grasim Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-3,405.00	-2,698.50	-3,609.80	-3,978.00	-4,326.40

Grasim 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-14,613 Mil.

Grasim Industries (NSE:GRASIM) 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.

Grasim Industries's Interest Expense for the three months ended in Dec. 2023 was ₹-4,326 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹58,759 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Grasim Industries's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	58759.4	/	-4326.4
	=	13.58

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

Grasim Industries (NSE:GRASIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Grasim Industries Ltd (NSE:GRASIM) » Definitions » Interest Expense

Traded in Other Exchanges

500300:India

Address

Sudam Kalu Ahire Marg, A Wing, 2nd Floor, Aditya Birla Centre, Worli, Mumbai, MH, IND, 400030

Website

https://www.grasim.com

Grasim Industries Ltd is a cement and viscose staple fibre (VSF) manufacturing firm based in India. The activities of the group fall under the operating segments of Viscose, Chemicals, Cement, Financial Services, and Others. It derives key revenue from the Cement segment which covers products like Grey Cement, White Cement and allied products. The viscose segment includes products such as Viscose Staple Fibre, Wood Pulp and Viscose Filament Yarn. Through the Chemicals segment, the group offers Caustic soda, Allied chemicals and Epoxy. Geographically, the company has a business presence in India and other countries, of which maximum revenue is generated within India.

Grasim Industries (NSE:GRASIM) Headlines

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