IFCI (NSE:IFCI) Interest Expense : ₹-5,711 Mil (TTM As of Mar. 2024)

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What is IFCI Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IFCI's interest expense for the three months ended in Mar. 2024 was ₹ -1,359 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-5,711 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. IFCI's Operating Income for the three months ended in Mar. 2024 was ₹ Mil. IFCI's Interest Expense for the three months ended in Mar. 2024 was ₹ Mil. 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.

IFCI Interest Expense Historical Data

The historical data trend for IFCI'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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IFCI Interest Expense Chart

IFCI Annual Data

Trend

Mar15

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Mar17

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Mar19

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Mar24

Interest Expense

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-14,512.70

-11,472.30

-9,430.60

-6,416.20

-5,711.30

IFCI 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															-1,618.60	-1,440.30	-1,452.40	-1,459.90	-1,358.70

IFCI 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 ₹-5,711 Mil.

IFCI (NSE:IFCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » IFCI Ltd (NSE:IFCI) » Definitions » Interest Expense

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500106:India

Address

IFCI Towers, 61 Nehru Place, New Delhi, IND, 110 019

Website

https://www.ifciltd.com

IFCI Ltd is a financial services company, which provides funding for industrial companies in India. The financing activities cover various kinds of projects such as airports, roads, telecom, power, real estate, manufacturing, services sector and such other allied industries. Lending operations comprise the vast majority of the company's business, and majority of the company's revenue consists of interest income on loans IFCI makes. The Company has played a decisive role in setting up various reputed market intermediaries like stock exchanges, entrepreneurship development organizations, consultancy organizations, educational and skill development institutions across the country.

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