International Steels (KAR:ISL) Interest Expense : ₨-633 Mil (TTM As of Mar. 2024)

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What is International Steels Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. International Steels's interest expense for the three months ended in Mar. 2024 was ₨ -173 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₨-633 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. International Steels's Operating Income for the three months ended in Mar. 2024 was ₨ 990 Mil. International Steels's Interest Expense for the three months ended in Mar. 2024 was ₨ -173 Mil. International Steels's Interest Coverage for the quarter that ended in Mar. 2024 was 5.72. 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.

International Steels Interest Expense Historical Data

The historical data trend for International Steels'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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International Steels Interest Expense Chart

International Steels Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-1,274.18

-2,158.69

-708.73

-1,179.64

-2,134.73

International Steels 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															-394.73	-88.03	-195.68	-175.60	-173.23

International Steels 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 ₨-633 Mil.

International Steels (KAR:ISL) 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.

International Steels's Interest Expense for the three months ended in Mar. 2024 was ₨-173 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₨990 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₨780 Mil.

International Steels'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	*	990.251	/	-173.227
	=	5.72

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

International Steels (KAR:ISL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » International Steels Ltd (KAR:ISL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Beaumont Road, 101 Beaumont Plaza, Civil Lines, Karachi, SD, PAK, 75530

Website

https://www.isl.com.pk

International Steels Ltd manufactures steel products. The company produces cold-rolled, sheet, and hot-dipped galvanized sheet steels. It serves industries like construction, appliances, automotive, agricultural implements, and packaging. Geographically, it derives a majority of revenue from Domestic sales.

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