Hindustan Petroleum (NSE:HINDPETRO) Interest Expense : ₹-25,560 Mil (TTM As of Mar. 2024)

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What is Hindustan Petroleum Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hindustan Petroleum's interest expense for the three months ended in Mar. 2024 was ₹ -7,196 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-25,560 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. Hindustan Petroleum's Operating Income for the three months ended in Mar. 2024 was ₹ 30,619 Mil. Hindustan Petroleum's Interest Expense for the three months ended in Mar. 2024 was ₹ -7,196 Mil. Hindustan Petroleum's Interest Coverage for the quarter that ended in Mar. 2024 was 4.25. 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.

Hindustan Petroleum Interest Expense Historical Data

The historical data trend for Hindustan Petroleum'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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Hindustan Petroleum Interest Expense Chart

Hindustan Petroleum Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-7,726.10

-9,396.50

-9,973.20

-21,741.10

-25,560.00

Hindustan Petroleum 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															-5,371.20	-6,268.20	-5,900.50	-6,195.00	-7,196.30

Hindustan Petroleum 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 ₹-25,560 Mil.

Hindustan Petroleum (NSE:HINDPETRO) 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.

Hindustan Petroleum's Interest Expense for the three months ended in Mar. 2024 was ₹-7,196 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹30,619 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹415,882 Mil.

Hindustan Petroleum'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	*	30619	/	-7196.3
	=	4.25

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

Hindustan Petroleum (NSE:HINDPETRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hindustan Petroleum Corp Ltd (NSE:HINDPETRO) » Definitions » Interest Expense

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500104:India

Address

17, Jamshedji Tata Road, Post Box No. 11041, Petroleum House, Churchgate, Mumbai, MH, IND, 400 020

Website

https://www.hindustanpetroleum.com

Hindustan Petroleum Corp Ltd. (HPCL) is an Indian government enterprise that refines crude oil and manufactures petroleum-based products. The company operates a diverse group of refineries that process several grades of lubes, specialties, and greases along with a variety of petroleum products. HPCL also controls an extensive network of pipelines in India that transport a variety of hydrocarbon-based products. In tandem with its host of pipelines, marketing and distribution efforts are carried out through a group of terminals, service stations, bottling plants, marketing offices, and other facilities. Hindustan's products are primarily sold throughout India. The business is divided into downstream and other operations, with downstream activities generating the most revenue.

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