GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » India Glycols Ltd (BOM:500201) » Definitions » Interest Expense

India Glycols (BOM:500201) Interest Expense : ₹-1,207 Mil (TTM As of Mar. 2024)


View and export this data going back to 1999. Start your Free Trial

What is India Glycols Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. India Glycols's interest expense for the three months ended in Mar. 2024 was ₹ -326 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1,207 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. India Glycols's Operating Income for the three months ended in Mar. 2024 was ₹ 785 Mil. India Glycols's Interest Expense for the three months ended in Mar. 2024 was ₹ -326 Mil. India Glycols's Interest Coverage for the quarter that ended in Mar. 2024 was 2.41. 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.

India Glycols Interest Expense Historical Data

The historical data trend for India Glycols'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.

India Glycols Interest Expense Chart

India Glycols 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 -859.68 -713.70 -579.92 -999.60 -1,206.70

India Glycols 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 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 -264.30 -275.80 -290.50 -314.10 -326.30

India Glycols 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 ₹-1,207 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.

India Glycols  (BOM:500201) 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.

India Glycols's Interest Expense for the three months ended in Mar. 2024 was ₹-326 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹785 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹7,452 Mil.

India Glycols'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*785.4/-326.3
=2.41

* 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.

India Glycols (BOM:500201) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » India Glycols Ltd (BOM:500201) » Definitions » Interest Expense
Comparable Companies
BOM:500150 BOM:500052 BOM:506222 BOM:500117 BOM:590062 BOM:506618 BOM:500199 BOM:539837 BOM:506852 BOM:532457 SAU:2010 TSE:4063 XTER:BAS DOW XKRX:051910 SZSE:002493 SHSE:600989 CE XKRX:086520 XKLS:5183
Traded in Other Exchanges
INDIAGLYCO:India
Address
Plot No. 2B, Sector-126, District Gautam Budh Nagar, Noida, UP, IND, 201304
Website
https://www.indiaglycols.com
India Glycols Ltd is engaged in the manufacturing and marketing of chemicals. It offers Specialty chemicals, Ethyl Alcohol (Portable), Nutraceutical and herbal extraction, Natural Gum and its derivatives, and Industrial gases, among others. The company produces chemicals through agricultural route and manufactures ethoxylates and glycol ethers through molasses route. The demand for their products comes from the Pharmaceutical and Nutraceutical industries, Food industries, Textile industry, Automobile industry and Potable segment. The operating segments of the group are Industrial chemical; Ethyl Alcohol (Potable); and Nutraceutical, of which it derives key revenue from the Ethyl Alcohol (Potable) segment.

India Glycols (BOM:500201) Headlines

No Headlines