IRM Energy (NSE:IRMENERGY) Interest Expense : ₹-252 Mil (TTM As of Mar. 2024)

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What is IRM Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IRM Energy's interest expense for the three months ended in Mar. 2024 was ₹ -85 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-252 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. IRM Energy's Operating Income for the three months ended in Mar. 2024 was ₹ 152 Mil. IRM Energy's Interest Expense for the three months ended in Mar. 2024 was ₹ -85 Mil. IRM Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 1.78. 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.

IRM Energy Interest Expense Historical Data

The historical data trend for IRM Energy'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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IRM Energy Interest Expense Chart

IRM Energy Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Interest Expense

-129.08

-158.52

-229.03

-266.97

IRM Energy Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial					-53.40	-45.61	-51.76	-69.70	-85.11

IRM Energy 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 ₹-252 Mil.

IRM Energy (NSE:IRMENERGY) 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.

IRM Energy's Interest Expense for the three months ended in Mar. 2024 was ₹-85 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹152 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,310 Mil.

IRM Energy'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	*	151.9	/	-85.11
	=	1.78

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

IRM Energy (NSE:IRMENERGY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » IRM Energy Ltd (NSE:IRMENERGY) » Definitions » Interest Expense

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544004:India

Address

S.G. Highway, Corporate Park, Near Sola Bridge, 4th Floor, Block 8, Magnet, Thaltej, Ahmedabad, GJ, IND, 380054

Website

https://www.irmenergy.com

IRM Energy Ltd is a gas distribution company. It is involved in developing, operating, and expanding of local natural gas distribution network. IRM Energy is a value-driven energy enterprise serving industrial, commercial, domestic, and automobile customers.

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