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Mahindra Holidays & Resorts India (NSE:MHRIL) Interest Expense : ₹-1,322 Mil (TTM As of Mar. 2024)


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What is Mahindra Holidays & Resorts India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mahindra Holidays & Resorts India's interest expense for the three months ended in Mar. 2024 was ₹ -224 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1,322 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. Mahindra Holidays & Resorts India's Operating Income for the three months ended in Mar. 2024 was ₹ 1,018 Mil. Mahindra Holidays & Resorts India's Interest Expense for the three months ended in Mar. 2024 was ₹ -224 Mil. Mahindra Holidays & Resorts India's Interest Coverage for the quarter that ended in Mar. 2024 was 4.54. 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.

Mahindra Holidays & Resorts India Interest Expense Historical Data

The historical data trend for Mahindra Holidays & Resorts 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.

* Premium members only.

Mahindra Holidays & Resorts India Interest Expense Chart

Mahindra Holidays & Resorts India 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 -858.10 -891.79 -993.74 -1,186.16 -1,322.08

Mahindra Holidays & Resorts 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 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 -326.11 -315.96 -332.77 -449.10 -224.25

Mahindra Holidays & Resorts 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 ₹-1,322 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.

Mahindra Holidays & Resorts India  (NSE:MHRIL) 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.

Mahindra Holidays & Resorts India's Interest Expense for the three months ended in Mar. 2024 was ₹-224 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹1,018 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹16,713 Mil.

Mahindra Holidays & Resorts 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*1017.545/-224.251
=4.54

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Mahindra Holidays & Resorts India Ltd interest coverage is 1.33, which is low.

Mahindra Holidays & Resorts India (NSE:MHRIL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Mahindra Holidays & Resorts India Ltd (NSE:MHRIL) » Definitions » Interest Expense
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BOM:532848 BOM:526959 LVS HKSE:00027 HKSE:01928 MGM WYNN CZR MTN SGX:G13 BYD HKSE:02282 HKSE:01128 HGV MLCO VAC XKLS:3182 PENN XKLS:4715 XPAR:BAIN
Traded in Other Exchanges
533088:India
Address
Dr. G.M. Bhosle Marg, P.K. Kurne Chowk, Mahindra Towers, 1st Floor, A Wing, Worli, Mumbai, MH, IND, 400 018
Website
https://www.clubmahindra.com
Mahindra Holidays & Resorts India Ltd is a resort and casino company that operates timeshares. The company's operating segment includes Mahindra Holidays and Resorts India Limited (MHRIL) and Holiday Club Resorts Oy (HCRO). It generates maximum revenue from the HCRO segment. The business sells family-based timeshares and has a variety of vacation options, such as water sports, adventure sports, hobby programs, and camping. It has a network of resorts that have beaches, wildlife sanctuaries, and cultural landmarks.

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