Jio Financial Services (BOM:543940) Interest Expense : ₹0 Mil (TTM As of Dec. 2023)

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What is Jio Financial Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jio Financial Services's interest expense for the three months ended in Dec. 2023 was ₹ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹0 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. Jio Financial Services's Operating Income for the three months ended in Dec. 2023 was ₹ 3,147 Mil. Jio Financial Services's Interest Expense for the three months ended in Dec. 2023 was ₹ 0 Mil. Jio Financial Services has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Jio Financial Services Interest Expense Historical Data

The historical data trend for Jio Financial Services'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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Jio Financial Services Interest Expense Chart

Jio Financial Services Annual Data

Trend

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Interest Expense

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Jio Financial Services Quarterly Data
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Jio Financial Services 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.

Jio Financial Services (BOM:543940) 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.

Jio Financial Services's Interest Expense for the three months ended in Dec. 2023 was ₹0 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹3,147 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Jio Financial Services's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Jio Financial Services had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Jio Financial Services Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Jio Financial Services (BOM:543940) Business Description

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JIOFIN:India

Address

222 Nariman Point, 9th Floor, Maker Chambers 4, Mumbai, MH, IND, 400021

Website

https://www.jfs.in

Jio Financial Services Ltd operates as an investment company. The Company is a registered Non-Banking Financial Company - Systemically Important Non-Deposit taking Company. The company is engaged in the business of finance, trading in futures and options, trading/investments in shares and securities in India.

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