ITC (NSE:ITC) Interest Expense : ₹-550 Mil (TTM As of Dec. 2024)

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What is ITC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ITC's interest expense for the three months ended in Dec. 2024 was ₹ -98 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-550 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. ITC's Operating Income for the three months ended in Dec. 2024 was ₹ 59,459 Mil. ITC's Interest Expense for the three months ended in Dec. 2024 was ₹ -98 Mil. ITC's Interest Coverage for the quarter that ended in Dec. 2024 was 605.49. 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.

ITC Interest Expense Historical Data

The historical data trend for ITC'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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ITC Interest Expense Chart

ITC Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-546.80

-445.80

-393.60

-432.00

-459.60

ITC 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															-119.40	-175.70	-112.50	-163.80	-98.20

ITC 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 ₹-550 Mil.

ITC (NSE:ITC) 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.

ITC's Interest Expense for the three months ended in Dec. 2024 was ₹-98 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹59,459 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

ITC'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	*	59459.2	/	-98.2
	=	605.49

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. ITC Ltd has enough cash to cover all of its debt. Its financial situation is stable.

ITC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » ITC Ltd (NSE:ITC) » Definitions » Interest Expense

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500875:India

Address

37 Jawaharlal Nehru Road, Virginia House, Kolkata, WB, IND, 700 071

Website

https://www.itcportal.com

ITC Ltd is an Indian conglomerate that predominantly operates in the consumer goods space, particularly cigarettes. The company operates in four main business segments: Fast Moving Consumer Goods; Hotels; Paperboards, Paper, and Packaging; and Agri-Business. Roughly three-quarters of the company's total revenue comes from the Fast Moving Consumer Goods Business, which is dominated by cigarettes but also includes branded packaged foods, personal care products, and other categories. The company generates the vast majority of its revenue in India.