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Hindalco Industries (NSE:HINDALCO) Interest Expense : ₹-38,580 Mil (TTM As of Mar. 2024)


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What is Hindalco Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hindalco Industries's interest expense for the three months ended in Mar. 2024 was ₹ -8,880 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-38,580 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. Hindalco Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 48,200 Mil. Hindalco Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -8,880 Mil. Hindalco Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 5.43. 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.

Hindalco Industries Interest Expense Historical Data

The historical data trend for Hindalco 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.

* Premium members only.

Hindalco Industries Interest Expense Chart

Hindalco Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -34,610.00 -35,600.00 -32,210.00 -36,460.00 -38,580.00

Hindalco 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9,860.00 -9,920.00 -10,340.00 -9,440.00 -8,880.00

Hindalco 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 ₹-38,580 Mil.

* 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.

Hindalco Industries  (NSE:HINDALCO) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Hindalco Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-8,880 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹48,200 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹488,260 Mil.

Hindalco 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*48200/-8880
=5.43

* 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.

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

Hindalco Industries (NSE:HINDALCO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hindalco Industries Ltd (NSE:HINDALCO) » Definitions » Interest Expense
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BOM:532234 BOM:539151 BOM:532906 NSE:MMP BOM:526747 NSE:BAHETI BOM:539045 BOM:541152 BOM:500083 BOM:531979 SHSE:601600 OSL:NHY HKSE:01378 XKLS:8869 BUE:ALUA SZSE:000807 MIC:RUAL SHSE:600219 AA SZSE:002532
Traded in Other Exchanges
500440:India
Address
Pandurang Budhkar Road, Birla Centurion, 6th & 7th Floor, Worli, Mumbai, MH, IND, 400030
Website
https://www.hindalco.com
Hindalco Industries Ltd extracts raw materials and produces and sells industrial metals in the below segments: Copper, Aluminum Upstream and Aluminium Downstream, Novelis, and all other Segment. The Copper segment purchases raw materials and produces continuous cast copper rods, copper cathodes, sulphuric acid, gold, and silver. The firm hedges its copper and other precious metals costs through futures contracts in an attempt to match commodity price changes between the time it purchases the raw materials and sells the finished products. The Aluminum segment mines bauxite and produces hydrate and alumina, aluminum, and aluminum-based products. The majority of Hindalco's revenue comes from India. The firm is also expanding internationally with sales and operations worldwide.

Hindalco Industries (NSE:HINDALCO) Headlines

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