Jindal Hotels (BOM:507981) Interest Expense : ₹-51.9 Mil (TTM As of Mar. 2024)

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What is Jindal Hotels Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jindal Hotels's interest expense for the three months ended in Mar. 2024 was ₹ -12.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-51.9 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. Jindal Hotels's Operating Income for the three months ended in Mar. 2024 was ₹ 29.5 Mil. Jindal Hotels's Interest Expense for the three months ended in Mar. 2024 was ₹ -12.7 Mil. Jindal Hotels's Interest Coverage for the quarter that ended in Mar. 2024 was 2.32. 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.

Jindal Hotels Interest Expense Historical Data

The historical data trend for Jindal Hotels'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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Jindal Hotels Interest Expense Chart

Jindal Hotels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-46.89

-47.42

-47.45

-51.60

-51.92

Jindal Hotels 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															-12.81	-13.84	-12.81	-12.54	-12.73

Jindal Hotels 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 ₹-51.9 Mil.

Jindal Hotels (BOM:507981) 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.

Jindal Hotels's Interest Expense for the three months ended in Mar. 2024 was ₹-12.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹29.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹495.1 Mil.

Jindal Hotels'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	*	29.542	/	-12.733
	=	2.32

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Jindal Hotels Ltd interest coverage is 1.26, which is low.

Jindal Hotels (BOM:507981) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jindal Hotels Ltd (BOM:507981) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

GRAND MERCURE Vadodara Surya Palace, Sayajigunj, Vadodara, GJ, IND, 390020

Website

https://www.suryapalace.com

Jindal Hotels Ltd is engaged in providing food and beverage, wine, and accommodation services. The company operates in a single segment namely Hoteliering. It is in the business of operating a three-star category hotel namely Hotel Surya Palace, and Restaurant which includes the Azure restaurant. The company operates a business hotel in Vadodara city with approximately 143 guest rooms, 6 large and medium banquet halls, a boardroom, a restaurant, a swimming pool, a health club, a liquor shop, and various other amenities.

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