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Kanoria Chemicals & Industries (BOM:506525) Interest Expense : ₹-430 Mil (TTM As of Mar. 2024)


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What is Kanoria Chemicals & Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kanoria Chemicals & Industries's interest expense for the three months ended in Mar. 2024 was ₹ -116 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-430 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. Kanoria Chemicals & Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 176 Mil. Kanoria Chemicals & Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -116 Mil. Kanoria Chemicals & Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 1.51. 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.

Kanoria Chemicals & Industries Interest Expense Historical Data

The historical data trend for Kanoria Chemicals & 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.

* Premium members only.

Kanoria Chemicals & Industries Interest Expense Chart

Kanoria Chemicals & Industries 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 -317.03 -296.70 -198.58 -359.70 -430.20

Kanoria Chemicals & 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 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 -105.90 -108.10 -115.50 -90.20 -116.40

Kanoria Chemicals & 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 ₹-430 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.

Kanoria Chemicals & Industries  (BOM:506525) 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.

Kanoria Chemicals & Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-116 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹176 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹2,991 Mil.

Kanoria Chemicals & 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*175.9/-116.4
=1.51

* 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.

Kanoria Chemicals & Industries (BOM:506525) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kanoria Chemicals & Industries Ltd (BOM:506525) » Definitions » Interest Expense
Comparable Companies
BOM:524342 BOM:500298 BOM:500120 BOM:506597 BOM:542012 BOM:500012 BOM:500284 NSE:INFINIUM BOM:524634 BOM:506579 SAU:2010 TSE:4063 XTER:BAS DOW XKRX:051910 SZSE:002493 SHSE:600989 XKRX:086520 CE XKLS:5183
Traded in Other Exchanges
KANORICHEM:India
Address
21 Barakhamba Road, Indra Prakash, 2nd Floor, New Delhi, IND, 110 001
Website
https://www.kanoriachem.com
Kanoria Chemicals & Industries Ltd is an Indian based chemical manufacturer. The company's operating segment include Alco Chemicals and Solar Power. It generates maximum revenue from the Alco Chemicals segment. Geographically, it derives a majority of revenue from Rest of the World. The company focuses on Chemical production but also involved in Renewable energy generation, automotive and industrial electronics and Textile industry.

Kanoria Chemicals & Industries (BOM:506525) Headlines

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