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Hero MotoCorp (NSE:HEROMOTOCO) Interest Expense : ₹-676 Mil (TTM As of Sep. 2024)


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What is Hero MotoCorp Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hero MotoCorp's interest expense for the three months ended in Sep. 2024 was ₹ -183 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-676 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. Hero MotoCorp's Operating Income for the three months ended in Sep. 2024 was ₹ 13,300 Mil. Hero MotoCorp's Interest Expense for the three months ended in Sep. 2024 was ₹ -183 Mil. Hero MotoCorp's Interest Coverage for the quarter that ended in Sep. 2024 was 72.60. 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.

Hero MotoCorp Interest Expense Historical Data

The historical data trend for Hero MotoCorp'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.

Hero MotoCorp Interest Expense Chart

Hero MotoCorp 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 -466.40 -464.10 -531.00 -1,048.70 -763.70

Hero MotoCorp Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -249.80 -227.40 -76.40 -188.50 -183.20

Hero MotoCorp 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-676 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.

Hero MotoCorp  (NSE:HEROMOTOCO) 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.

Hero MotoCorp's Interest Expense for the three months ended in Sep. 2024 was ₹-183 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹13,300 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹1,902 Mil.

Hero MotoCorp's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*13299.9/-183.2
=72.60

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Hero MotoCorp Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Hero MotoCorp Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hero MotoCorp Ltd (NSE:HEROMOTOCO) » Definitions » Interest Expense
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Traded in Other Exchanges
500182:India
Address
Nelson Mandela Road, The Grand Plaza, Plot No. 2, Vasant Kunj - Phase -II, New Delhi, IND, 110070
Website
https://www.heromotocorp.com
Hero MotoCorp Ltd is a motorcycle manufacturing company domiciled in India. The company manufactures and distributes motorcycles, scooters, and related spare parts. Sales of motorcycles contribute a substantial amount to the consolidated revenue, followed by scooter sales. It derives the vast majority of its revenue from domestic operations and also has a presence in Latin America, South Asia, Africa, and the Middle East. Hero MotoCorp principally manufactures and assembles production domestically. The company predominantly operates in the automotive segment which includes all activities related to the development, design, manufacture, assembly, and sale of vehicles, as well as the sale of related parts and accessories.

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