Britannia Industries (BOM:500825) Interest Expense : ₹-1,640 Mil (TTM As of Mar. 2024)

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What is Britannia Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Britannia Industries's interest expense for the three months ended in Mar. 2024 was ₹ -264 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1,640 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. Britannia Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 7,075 Mil. Britannia Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -264 Mil. Britannia Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 26.76. 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.

Britannia Industries Interest Expense Historical Data

The historical data trend for Britannia Industries'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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Britannia Industries Interest Expense Chart

Britannia Industries Annual Data

Trend

Mar15

Mar16

Mar17

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Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-724.40

-1,063.10

-1,417.10

-1,691.00

-1,640.00

Britannia Industries 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															-348.60	-530.50	-534.20	-310.90	-264.40

Britannia Industries 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 ₹-1,640 Mil.

Britannia Industries (BOM:500825) 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.

Britannia Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-264 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹7,075 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹9,249 Mil.

Britannia Industries'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	*	7075.2	/	-264.4
	=	26.76

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

Britannia Industries (BOM:500825) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Britannia Industries Ltd (BOM:500825) » Definitions » Interest Expense

Traded in Other Exchanges

BRITANNIA:India

Address

Whitefield Main Road, The Business Precinct, Tower C, 16th & 17th Floor, Prestige Shantiniketan, Mahadevapura Post, Bengaluru, KA, IND, 560048

Website

https://www.britannia.co.in

Britannia Industries Ltd is an Indian packaged-food company. Its main product categories are: biscuits, breads, dairy, cakes, and rusks. The biscuits product line offers sweet biscuits under the GoodDay brand, crackers under the 5050 brands, nutritional and digestive biscuits under the NutriChoice brand, and other products. The bread products segment offers whole-wheat breads, white sandwich breads, and bread assortments. The dairy product line sells cheese, milk, and yogurt under the Britannia brand. The cake segment offers bar cakes, muffins, and many more.

Britannia Industries (BOM:500825) Headlines

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