Jindal Steel & Power (BOM:532286) Interest Expense : ₹-9,649 Mil (TTM As of Mar. 2024)

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What is Jindal Steel & Power Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jindal Steel & Power's interest expense for the three months ended in Mar. 2024 was ₹ -3,206 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-9,649 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 Steel & Power's Operating Income for the three months ended in Mar. 2024 was ₹ 14,496 Mil. Jindal Steel & Power's Interest Expense for the three months ended in Mar. 2024 was ₹ -3,206 Mil. Jindal Steel & Power's Interest Coverage for the quarter that ended in Mar. 2024 was 4.52. 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 Steel & Power Interest Expense Historical Data

The historical data trend for Jindal Steel & Power'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 Steel & Power Interest Expense Chart

Jindal Steel & Power Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-36,436.80

-26,346.30

-18,232.50

-14,458.90

-12,942.30

Jindal Steel & Power 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															-3,711.60	-3,291.10	-	-3,151.40	-3,206.20

Jindal Steel & Power 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 ₹-9,649 Mil.

Jindal Steel & Power (BOM:532286) 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 Steel & Power's Interest Expense for the three months ended in Mar. 2024 was ₹-3,206 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹14,496 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹106,200 Mil.

Jindal Steel & Power'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	*	14495.9	/	-3206.2
	=	4.52

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

Jindal Steel & Power (BOM:532286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jindal Steel & Power Ltd (BOM:532286) » Definitions » Interest Expense

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JINDALSTEL:India

Address

Jindal Centre, 12, Bhikaiji Cama Place, New Delhi, IND, 110 066

Website

https://www.jindalsteelpower.com

Jindal Steel & Power Ltd is an Indian-based company that is involved in the steelmaking, power generation, mining, and infrastructure sectors. The iron and steel segment is the company's largest segment, representing the majority of the company's sales. Jindal Steel and Power's iron and steel segment manufacture a wide range of steel products that find applications in railway, road, highways and bridges, housing, industrial applications, heavy machinery, and civil construction. Jindal Steel and Power's power segment operates power plants and transmission lines. The company generates most of its revenue from the Indian domestic market.

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