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NLC India (NSE:NLCINDIA) Interest Expense : ₹-6,184 Mil (TTM As of Mar. 2024)


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What is NLC India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NLC India's interest expense for the three months ended in Mar. 2024 was ₹ -1,992 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-6,184 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. NLC India's Operating Income for the three months ended in Mar. 2024 was ₹ 1,398 Mil. NLC India's Interest Expense for the three months ended in Mar. 2024 was ₹ -1,992 Mil. NLC India's Interest Coverage for the quarter that ended in Mar. 2024 was 0.70. 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.

NLC India Interest Expense Historical Data

The historical data trend for NLC 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.

NLC India Interest Expense Chart

NLC 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 -11,655.60 -11,512.60 -8,486.40 -10,116.90 -8,493.00

NLC India Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 -2,324.30 -2,207.90 -2,138.60 -2,053.70 -1,991.80

NLC 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 ₹-6,184 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.

NLC India  (NSE:NLCINDIA) 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.

NLC India's Interest Expense for the three months ended in Mar. 2024 was ₹-1,992 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹1,398 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹192,594 Mil.

NLC 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*1397.8/-1991.8
=0.70

* 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. NLC India Ltd interest coverage is 1.58, which is low.

NLC India (NSE:NLCINDIA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » NLC India Ltd (NSE:NLCINDIA) » Definitions » Interest Expense
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Traded in Other Exchanges
513683:India
Address
Block - 1, Neyveli, Neyveli, Cuddalore, TN, IND, 607801
Website
https://www.nlcindia.in
NLC India Ltd is an energy company. The company has two reportable segments namely the Mining segment which is engaged in the mining of lignite and the Power generation segment which is engaged in the generation and sale of power utilities across the country. The power is generated from Thermal Power Stations and renewable energy sources such as wind and solar. It generates maximum revenue from the Power generation segment. It also engaged in providing consultancy and management services relating to mining and power generation.

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