Coal India (NSE:COALINDIA) Interest Expense : ₹-8,194 Mil (TTM As of Mar. 2024)

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What is Coal India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Coal India's interest expense for the three months ended in Mar. 2024 was ₹ -2,322 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-8,194 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. Coal India's Operating Income for the three months ended in Mar. 2024 was ₹ 636 Mil. Coal India's Interest Expense for the three months ended in Mar. 2024 was ₹ -2,322 Mil. Coal India's Interest Coverage for the quarter that ended in Mar. 2024 was 0.27. 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.

Coal India Interest Expense Historical Data

The historical data trend for Coal 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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Coal India Interest Expense Chart

Coal India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-4,342.90

-4,464.60

-5,414.90

-6,843.10

-8,193.70

Coal 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															-1,950.70	-1,779.40	-1,824.80	-2,267.70	-2,321.80

Coal 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 ₹-8,194 Mil.

Coal India (NSE:COALINDIA) 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.

Coal India's Interest Expense for the three months ended in Mar. 2024 was ₹-2,322 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹636 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹57,735 Mil.

Coal 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	*	635.5	/	-2321.8
	=	0.27

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

Coal India (NSE:COALINDIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Coal India Ltd (NSE:COALINDIA) » Definitions » Interest Expense

Traded in Other Exchanges

533278:India

Address

Coal Bhawan, Premises No-04 MAR, Plot No-AF-III, Action Area-1A, 3rd Floor, Core-2, New Town, Rajarhat, Kolkata, WB, IND, 700156

Website

https://www.coalindia.in

Coal India Ltd is a state-owned coal mining company, which was formed when the government took over many private coal mines. As one of the largest coal producers in the world, Coal India is responsible for the vast majority of India's coal production. The company operates across numerous mining areas spread over various provincial states of India, and one mine planning and consultancy company. The Company is primarily engaged in a single segment business of production and sale of Coal. Coal India has hundreds of mines, the bulk of which are underground, closely trailed by open-pit, while also operating multiple coking coal washeries.

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