Lloyds Enterprises (BOM:512463) Interest Expense : ₹-63 Mil (TTM As of Mar. 2024)

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What is Lloyds Enterprises Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lloyds Enterprises's interest expense for the three months ended in Mar. 2024 was ₹ -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-63 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. Lloyds Enterprises's Operating Income for the three months ended in Mar. 2024 was ₹ 124 Mil. Lloyds Enterprises's Interest Expense for the three months ended in Mar. 2024 was ₹ -20 Mil. Lloyds Enterprises's Interest Coverage for the quarter that ended in Mar. 2024 was 6.10. 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.

Lloyds Enterprises Interest Expense Historical Data

The historical data trend for Lloyds Enterprises'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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Lloyds Enterprises Interest Expense Chart

Lloyds Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.02

-0.24

-8.98

-47.12

-62.95

Lloyds Enterprises 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															-19.02	-15.29	-17.42	-9.91	-20.33

Lloyds Enterprises 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 ₹-63 Mil.

Lloyds Enterprises (BOM:512463) 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.

Lloyds Enterprises's Interest Expense for the three months ended in Mar. 2024 was ₹-20 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹124 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹169 Mil.

Lloyds Enterprises'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	*	124.018	/	-20.332
	=	6.10

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

Lloyds Enterprises (BOM:512463) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Lloyds Enterprises Ltd (BOM:512463) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pandurang Budhkar Marg, A2, 2nd Floor, Madhu Estate, Lower Parel, Mumbai, MH, IND, 400013

Website

https://www.sgtl.in

Lloyds Enterprises Ltd Formerly Shree Global Tradefin Ltd is engaged in the trading of iron and steel. The Business of the Company includes carrying on the business of importers, exporters, and dealers in iron and steel, alloy steel scrap, steel tubes, pipes, and wires. Geographically, the company operates only in India.

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