BMW Industries (BOM:542669) Interest Expense : ₹-198 Mil (TTM As of Mar. 2024)

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What is BMW Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BMW Industries's interest expense for the three months ended in Mar. 2024 was ₹ -41 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-198 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. BMW Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 287 Mil. BMW Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -41 Mil. BMW Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 6.98. 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.

BMW Industries Interest Expense Historical Data

The historical data trend for BMW Industries'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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BMW Industries Interest Expense Chart

BMW Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-453.21

-14.42

-233.09

-239.50

-197.86

BMW Industries 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															-61.65	-58.13	-50.94	-47.64	-41.15

BMW Industries 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 ₹-198 Mil.

BMW Industries (BOM:542669) 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.

BMW Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-41 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹287 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹617 Mil.

BMW Industries'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	*	287.259	/	-41.151
	=	6.98

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

BMW Industries (BOM:542669) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » BMW Industries Ltd (BOM:542669) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

119, Park Street, White House, 3rd Floor, Kolkata, WB, IND, 700016

Website

https://www.bmwil.co.in

BMW Industries Ltd is an Indian company involved in steel manufacturing and processing activity. It manufactures two types of products, Long products such as towers, structures, and TMT, and Flat products like pipes, galvanised plain, and galvanised corrugated. The company is engaged in the galvanizing of tubes in addition to the manufacture of tubular poles/structures, transmission line towers, and rebars. Its product portfolio covers Rebars, HR sheets, slit coils, pipes, and poles, Bansal TMT, Bansal pipes, Full hard cold rolled coils, TMT rolling, and others. The company generates the majority of its revenue from the domestic market.

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