Cineline India (BOM:532807) Interest Expense : ₹-414 Mil (TTM As of Mar. 2024)

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What is Cineline India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cineline India's interest expense for the three months ended in Mar. 2024 was ₹ -106 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-414 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. Cineline India's Operating Income for the three months ended in Mar. 2024 was ₹ 33 Mil. Cineline India's Interest Expense for the three months ended in Mar. 2024 was ₹ -106 Mil. Cineline India's Interest Coverage for the quarter that ended in Mar. 2024 was 0.31. 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.

Cineline India Interest Expense Historical Data

The historical data trend for Cineline India'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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Cineline India Interest Expense Chart

Cineline India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-182.58

-219.52

-307.88

-339.44

-414.06

Cineline India 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															-100.20	-102.36	-102.40	-102.94	-106.36

Cineline India 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 ₹-414 Mil.

Cineline India (BOM:532807) 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.

Cineline India's Interest Expense for the three months ended in Mar. 2024 was ₹-106 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹33 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹3,324 Mil.

Cineline India'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	*	33.02	/	-106.362
	=	0.31

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Cineline India Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Cineline India (BOM:532807) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Cineline India Ltd (BOM:532807) » Definitions » Interest Expense

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CINELINE:India

Address

Subhash Road, 2nd Floor, A & B wing, Vilco Centre, Opposite Garware, Vile Parle (East), Mumbai, MH, IND, 400057

Website

https://www.moviemax.co.in

Cineline India Ltd is engaged in real estate activities with owned or leased property. The business activity of the group comprises of construction of malls for sale and lease to third parties and is also involved in the maintenance, parking, advertising, and organizing various exhibitions/events at the mall premises.

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