Jindal Stainless (BOM:532508) Interest Expense : ₹-5,544 Mil (TTM As of Mar. 2024)

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What is Jindal Stainless Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jindal Stainless's interest expense for the three months ended in Mar. 2024 was ₹ -1,534 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-5,544 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 Stainless's Operating Income for the three months ended in Mar. 2024 was ₹ 8,018 Mil. Jindal Stainless's Interest Expense for the three months ended in Mar. 2024 was ₹ -1,534 Mil. Jindal Stainless's Interest Coverage for the quarter that ended in Mar. 2024 was 5.23. 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 Stainless Interest Expense Historical Data

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

Jindal Stainless Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-5,051.60

-4,124.80

-2,919.50

-3,246.20

-5,543.90

Jindal Stainless 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															-829.20	-995.50	-1,556.30	-1,458.50	-1,533.60

Jindal Stainless 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 ₹-5,544 Mil.

Jindal Stainless (BOM:532508) 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 Stainless's Interest Expense for the three months ended in Mar. 2024 was ₹-1,534 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹8,018 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹46,522 Mil.

Jindal Stainless'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	*	8018.3	/	-1533.6
	=	5.23

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

Jindal Stainless (BOM:532508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jindal Stainless Ltd (BOM:532508) » Definitions » Interest Expense

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JSL:India

Address

Jindal Centre, 12, Bhikaiji Cama Place, New Delhi, IND, 110066

Website

https://www.jindalstainless.com

Jindal Stainless Ltd is an India-based stainless steel manufacturing company. It offers products such as ferroalloys, stainless steel slabs, and blooms, hot rolled and cold rolled coils, plates, razor blade steel, precision strips, and coin blanks. The firm has a distribution network through its service centers and warehouses in both the Indian and overseas markets. Jindal derives most of the revenue from the sale of steel products.

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