Shyam Metalics and Energy (BOM:543299) Interest Expense : ₹-966 Mil (TTM As of Mar. 2024)

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What is Shyam Metalics and Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shyam Metalics and Energy's interest expense for the three months ended in Mar. 2024 was ₹ -216 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-966 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. Shyam Metalics and Energy's Operating Income for the three months ended in Mar. 2024 was ₹ 3,023 Mil. Shyam Metalics and Energy's Interest Expense for the three months ended in Mar. 2024 was ₹ -216 Mil. Shyam Metalics and Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 14.03. 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.

Shyam Metalics and Energy Interest Expense Historical Data

The historical data trend for Shyam Metalics and Energy'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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Shyam Metalics and Energy Interest Expense Chart

Shyam Metalics and Energy Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-609.00

-438.30

-154.30

-931.80

-1,332.80

Shyam Metalics and Energy Quarterly Data
	Mar17	Mar18	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial														-328.10	-386.50	-354.30	-395.80	-215.50

Shyam Metalics and Energy 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 ₹-966 Mil.

Shyam Metalics and Energy (BOM:543299) 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.

Shyam Metalics and Energy's Interest Expense for the three months ended in Mar. 2024 was ₹-216 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹3,023 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹2,772 Mil.

Shyam Metalics and Energy'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	*	3023.3	/	-215.5
	=	14.03

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

Shyam Metalics and Energy (BOM:543299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shyam Metalics and Energy Ltd (BOM:543299) » Definitions » Interest Expense

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SHYAMMETL:India

Address

83, Topsia Road, Trinity Tower, 7th Floor, Kolkata, WB, IND, 700046

Website

https://www.shyammetalics.com

Shyam Metalics and Energy Ltd is an integrated metal producer company. It is primarily engaged in the production of long steel products such as iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferro alloys. The company generates the majority of its revenue from India. The group revenue from the Sale of Manufactured Products, Sale of Services, Sale of Traded Goods, and Sale of Power, with the majority being generated from the sale of manufactured products.

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