Johnson Controls - Hitachi Air Conditioning India (NSE:JCHAC) Interest Expense : ₹-166 Mil (TTM As of Mar. 2024)

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What is Johnson Controls - Hitachi Air Conditioning India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Johnson Controls - Hitachi Air Conditioning India's interest expense for the three months ended in Mar. 2024 was ₹ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-166 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. Johnson Controls - Hitachi Air Conditioning India's Operating Income for the three months ended in Mar. 2024 was ₹ 658 Mil. Johnson Controls - Hitachi Air Conditioning India's Interest Expense for the three months ended in Mar. 2024 was ₹ -19 Mil. Johnson Controls - Hitachi Air Conditioning India's Interest Coverage for the quarter that ended in Mar. 2024 was 33.94. 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.

Johnson Controls - Hitachi Air Conditioning India Interest Expense Historical Data

The historical data trend for Johnson Controls - Hitachi Air Conditioning India'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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Johnson Controls - Hitachi Air Conditioning India Interest Expense Chart

Johnson Controls - Hitachi Air Conditioning India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-50.20

-135.60

-91.40

-75.30

-166.40

Johnson Controls - Hitachi Air Conditioning India 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															-25.50	-45.90	-51.20	-49.90	-19.40

Johnson Controls - Hitachi Air Conditioning India 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 ₹-166 Mil.

Johnson Controls - Hitachi Air Conditioning India (NSE:JCHAC) 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.

Johnson Controls - Hitachi Air Conditioning India's Interest Expense for the three months ended in Mar. 2024 was ₹-19 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹658 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹345 Mil.

Johnson Controls - Hitachi Air Conditioning India's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	658.4	/	-19.4
	=	33.94

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

Johnson Controls - Hitachi Air Conditioning India (NSE:JCHAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Johnson Controls - Hitachi Air Conditioning India Ltd (NSE:JCHAC) » Definitions » Interest Expense

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523398:India

Address

Hitachi Complex, Karan Nagar Kadi District, Mehsana, GJ, IND, 384 440

Website

https://www.hitachiaircon.in

Johnson Controls - Hitachi Air Conditioning India Ltd is a manufacturer and trader of home appliances. The company is headquartered in India and generates the majority of revenue domestically. The company produces air conditioners, refrigerators, air purifiers, washing machines, chillers, telecom cooling units, variable refrigerant flow systems, and centrifugal chillers. The company has a network of showrooms and service centres across India, which include dealers and franchisees, in addition to a sales network.

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