NMDC (BOM:526371) Interest Expense : ₹-782 Mil (TTM As of Mar. 2024)

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What is NMDC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NMDC's interest expense for the three months ended in Mar. 2024 was ₹ -214 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-782 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. NMDC's Operating Income for the three months ended in Mar. 2024 was ₹ 19,911 Mil. NMDC's Interest Expense for the three months ended in Mar. 2024 was ₹ -214 Mil. NMDC's Interest Coverage for the quarter that ended in Mar. 2024 was 93.04. 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.

NMDC Interest Expense Historical Data

The historical data trend for NMDC'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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NMDC Interest Expense Chart

NMDC Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-98.80

-168.10

-390.60

-752.30

-782.40

NMDC 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															-117.70	-61.90	-186.00	-320.50	-214.00

NMDC 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 ₹-782 Mil.

NMDC (BOM:526371) 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.

NMDC's Interest Expense for the three months ended in Mar. 2024 was ₹-214 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹19,911 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹18 Mil.

NMDC'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	*	19910.7	/	-214
	=	93.04

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. NMDC Ltd has enough cash to cover all of its debt. Its financial situation is stable.

NMDC (BOM:526371) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » NMDC Ltd (BOM:526371) » Definitions » Interest Expense

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NMDC:India

Address

Khanij Bhavan, 10-3-311/A, Castle Hills, Masab Tank, Hyderabad, TG, IND, 500 028

Website

https://www.nmdc.co.in

NMDC Ltd is engaged in the mining of a wide range of minerals, including iron ore, copper, sponge iron, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands. The company also owns a windmill project in Karnataka. Iron ore accounts for most of its revenue. It produces iron ore from three mines: namely, Bailadila Deposit-14/11C, Bailadila Deposit-5, 10/11A (Chhattisgarh State), and Donimalai Iron Ore Mines (Karnataka State). Geographically, the company generates the majority of its revenue from the Indian domestic market. The Indian government owns a majority share of the company.

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