Visa Steel (NSE:VISASTEEL) Interest Expense : ₹-298 Mil (TTM As of Dec. 2023)

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What is Visa Steel Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Visa Steel's interest expense for the three months ended in Dec. 2023 was ₹ -75 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-298 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. Visa Steel's Operating Income for the three months ended in Dec. 2023 was ₹ -172 Mil. Visa Steel's Interest Expense for the three months ended in Dec. 2023 was ₹ -75 Mil. Visa Steel 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.

Visa Steel Interest Expense Historical Data

The historical data trend for Visa Steel'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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Visa Steel Interest Expense Chart

Visa Steel Annual Data

Trend

Mar14

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Mar23

Interest Expense

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-165.41

-188.18

-167.96

-206.14

-253.64

Visa Steel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-63.28	-72.77	-77.52	-73.31	-74.89

Visa Steel 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-298 Mil.

Visa Steel (NSE:VISASTEEL) 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.

Visa Steel's Interest Expense for the three months ended in Dec. 2023 was ₹-75 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹-172 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Visa Steel's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Visa Steel did not have earnings to cover the interest expense.

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

Visa Steel (NSE:VISASTEEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Visa Steel Ltd (NSE:VISASTEEL) » Definitions » Interest Expense

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532721:India

Address

8/10 Alipore Road, VISA House, Kolkata, WB, IND, 700027

Website

http://www.visasteel.com

Visa Steel Ltd is an India-based mineral, metal, and energy company. It is engaged in the manufacturing of iron and steel products, including pig iron, sponge iron, special steel, and high carbon ferrochrome with the captive power plant at Kalinganagar, Odisha. The Company's segments include Special Steel and Ferro Alloys. The Special Steel segment includes bars and wire rods, billets and blooms, pig iron and sponge iron, and other allied products. The firm's products range consists of special steel long products, Ferro Chrome and Coke. The firm generates a majority of its revenue from India.

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