Godawari Power & Ispat (BOM:532734) Interest Expense : ₹-580 Mil (TTM As of Mar. 2024)

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What is Godawari Power & Ispat Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Godawari Power & Ispat's interest expense for the three months ended in Mar. 2024 was ₹ -237 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-580 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. Godawari Power & Ispat's Operating Income for the three months ended in Mar. 2024 was ₹ 2,922 Mil. Godawari Power & Ispat's Interest Expense for the three months ended in Mar. 2024 was ₹ -237 Mil. Godawari Power & Ispat's Interest Coverage for the quarter that ended in Mar. 2024 was 12.31. 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.

Godawari Power & Ispat Interest Expense Historical Data

The historical data trend for Godawari Power & Ispat'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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Godawari Power & Ispat Interest Expense Chart

Godawari Power & Ispat Annual Data

Trend

Mar15

Mar16

Mar17

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Mar19

Mar20

Mar21

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Mar23

Mar24

Interest Expense

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-2,052.98

-1,090.47

-120.46

-514.00

-596.30

Godawari Power & Ispat 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															-143.30	-82.70	-101.90	-157.60	-237.40

Godawari Power & Ispat 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 ₹-580 Mil.

Godawari Power & Ispat (BOM:532734) 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.

Godawari Power & Ispat's Interest Expense for the three months ended in Mar. 2024 was ₹-237 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹2,922 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹92 Mil.

Godawari Power & Ispat'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	*	2922.2	/	-237.4
	=	12.31

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

Godawari Power & Ispat (BOM:532734) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Godawari Power & Ispat Ltd (BOM:532734) » Definitions » Interest Expense

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GPIL:India

Address

Hira Arcade, First Floor, Near New Bus Stand, Pandri, Raipur, CT, IND, 492004

Website

http://www.godawaripowerispat.com

Godawari Power & Ispat Ltd is an India-based fully integrated steel company with a presence across the steel value chain extending from iron ore mining to iron ore pellets and value-added steel products. The company has a single primary business segment Iron and Steel which includes captive power, as the captive power generated by the company is used for the production process of iron and steel. The group operates in India. The products offered by the group are Pellets, Sponge iron, Iron and steel billets, Wire rods, Hard black wires, Ferro-alloys, and others.

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