Nitco (NSE:NITCO) Interest Expense : ₹-913 Mil (TTM As of Dec. 2024)

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What is Nitco Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nitco's interest expense for the three months ended in Dec. 2024 was ₹ -127 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-913 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. Nitco's Operating Income for the three months ended in Dec. 2024 was ₹ -1,749 Mil. Nitco's Interest Expense for the three months ended in Dec. 2024 was ₹ -127 Mil. Nitco 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.

Nitco Interest Expense Historical Data

The historical data trend for Nitco'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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Nitco Interest Expense Chart

Nitco Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-228.44

-531.97

-636.99

-726.08

-946.47

Nitco 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															-242.27	-245.00	-267.42	-273.91	-126.70

Nitco 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 ₹-913 Mil.

Nitco (NSE:NITCO) 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.

Nitco's Interest Expense for the three months ended in Dec. 2024 was ₹-127 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹-1,749 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Nitco's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Nitco did not have earnings to cover the interest expense.

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

Nitco Business Description

Industry

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532722:India

Address

Sheth Govindram Jolly Marg, NITCO House, Kanjur Marg (East), Mumbai, MH, IND, 400 042

Website

https://www.nitco.in

Nitco Ltd is an Indian company engaged in manufacturing and providing ceramic including floor/wall tiles, processing of marble, and outsourcing of vitrified tiles. It is also engaged in real estate development. The company portfolio comprises a range of tiles, marbles, mosaics, and development to real estate projects. Its segments include tiles and other related products, and real estate. The firm derives the majority of its revenue from tiles and other related products within India.

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