MEP Infrastructure Developers (NSE:MEP) Interest Expense : ₹-493.3 Mil (TTM As of Dec. 2023)

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What is MEP Infrastructure Developers Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MEP Infrastructure Developers's interest expense for the three months ended in Dec. 2023 was ₹ -159.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-493.3 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. MEP Infrastructure Developers's Operating Income for the three months ended in Dec. 2023 was ₹ -226.3 Mil. MEP Infrastructure Developers's Interest Expense for the three months ended in Dec. 2023 was ₹ -159.6 Mil. MEP Infrastructure Developers did not have earnings to cover the interest expense. 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.

MEP Infrastructure Developers Interest Expense Historical Data

The historical data trend for MEP Infrastructure Developers'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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MEP Infrastructure Developers Interest Expense Chart

MEP Infrastructure Developers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-4,527.39

-3,970.30

-3,247.45

-2,827.01

-562.19

MEP Infrastructure Developers 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															-149.28	42.41	-135.24	-240.86	-159.60

MEP Infrastructure Developers 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 ₹-493.3 Mil.

MEP Infrastructure Developers (NSE:MEP) 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.

MEP Infrastructure Developers's Interest Expense for the three months ended in Dec. 2023 was ₹-159.6 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹-226.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.0 Mil.

MEP Infrastructure Developers's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

MEP Infrastructure Developers did not have earnings to cover the interest expense.

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

MEP Infrastructure Developers (NSE:MEP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MEP Infrastructure Developers Ltd (NSE:MEP) » Definitions » Interest Expense

Traded in Other Exchanges

539126:India

Address

Hindu Colony, Sir Bhalchandra Road, 2102, Floor-21st, Plot-62, Kesar Equinox, Dadar (East), Mumbai, MH, IND, 400014

Website

https://www.mepinfra.com

MEP Infrastructure Developers Ltd is an India based infrastructure company. It is engaged in the business activities of road construction, operation, maintenance and toll collection. The group operates in the business segments of Toll collection, Operation and Maintenance; and Construction. It generates maximum revenue from Toll collection, and repairs and maintenance segment. The company provides toll management service and assists its clients in addressing the complexities of implementation and operation of toll systems. The organization also helps in the installation of electronic toll and cash collection systems, communication networks, and intelligent transportation systems. The principally operates in India.

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