Nuvama Wealth Management (NSE:NUVAMA) Interest Expense : ₹-7,540 Mil (TTM As of Dec. 2024)

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What is Nuvama Wealth Management Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nuvama Wealth Management's interest expense for the three months ended in Dec. 2024 was ₹ -2,249 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-7,540 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. Nuvama Wealth Management's Operating Income for the three months ended in Dec. 2024 was ₹ 347 Mil. Nuvama Wealth Management's Interest Expense for the three months ended in Dec. 2024 was ₹ -2,249 Mil. Nuvama Wealth Management's Interest Coverage for the quarter that ended in Dec. 2024 was 0.15. 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.

Nuvama Wealth Management Interest Expense Historical Data

The historical data trend for Nuvama Wealth Management'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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Nuvama Wealth Management Interest Expense Chart

Nuvama Wealth Management Annual Data

Trend

Mar23

Mar24

Interest Expense

-3,795.09

-5,838.09

Nuvama Wealth Management Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial					-1,710.50	-1,468.19	-1,825.10	-1,998.40	-2,248.70

Nuvama Wealth Management 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 ₹-7,540 Mil.

Nuvama Wealth Management (NSE:NUVAMA) 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.

Nuvama Wealth Management's Interest Expense for the three months ended in Dec. 2024 was ₹-2,249 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹347 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	347.3	/	-2248.7
	=	0.15

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

Nuvama Wealth Management Business Description

Industry

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543988:India

Address

G Block, 801- 804, Wing A, Building No. 3, Inspire BKC, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400051

Website

https://www.nuvama.com

Nuvama Wealth Management Ltd is an India-based wealth management solution provider with a presence across wealth & investment management, institutional securities, and custodial and advisory services. Its purpose is to help its clients capture opportunities and trends in financial markets and protect them from risks in a volatile world. The company's business segments are; Wealth Management, Asset Management, and Capital Markets. Maximum revenue is generated from its Wealth Management segment which is engaged in the distribution of financial products, Investment advisory, lending against securities, and securities broking for clients.

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