Ramco Cements (NSE:RAMCOCEM) Interest Expense : ₹-4,155 Mil (TTM As of Mar. 2024)

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What is Ramco Cements Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ramco Cements's interest expense for the three months ended in Mar. 2024 was ₹ -1,038 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-4,155 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. Ramco Cements's Operating Income for the three months ended in Mar. 2024 was ₹ 3,039 Mil. Ramco Cements's Interest Expense for the three months ended in Mar. 2024 was ₹ -1,038 Mil. Ramco Cements's Interest Coverage for the quarter that ended in Mar. 2024 was 2.93. 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.

Ramco Cements Interest Expense Historical Data

The historical data trend for Ramco Cements'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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Ramco Cements Interest Expense Chart

Ramco Cements Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-681.40

-790.70

-961.60

-2,405.20

-4,155.30

Ramco Cements 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															-771.50	-933.90	-1,165.20	-1,018.60	-1,037.60

Ramco Cements 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 ₹-4,155 Mil.

Ramco Cements (NSE:RAMCOCEM) 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.

Ramco Cements's Interest Expense for the three months ended in Mar. 2024 was ₹-1,038 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹3,039 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹39,467 Mil.

Ramco Cements'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	*	3038.5	/	-1037.6
	=	2.93

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

Ramco Cements (NSE:RAMCOCEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ramco Cements Ltd (NSE:RAMCOCEM) » Definitions » Interest Expense

Traded in Other Exchanges

500260:India

Address

98-A, Dr. Radhakrishnan Road, Mylapore, Chennai, TN, IND, 600 004

Website

https://www.ramcocements.in

Ramco Cements Ltd, part of Ramco Group, is a producer of Portland cement. The company owns grinding units and packing terminals, as well as integrated cement plants. Its cement is sold under the Ramco Supergrade brand in India. Other products include ready-mix concrete and dry-mortar products. Ramco Cements also operates wind farms in India.

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