Steel Authority Of India (NSE:SAIL) Interest Expense : ₹-23,487 Mil (TTM As of Dec. 2023)

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What is Steel Authority Of India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Steel Authority Of India's interest expense for the three months ended in Dec. 2023 was ₹ -6,139 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-23,487 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. Steel Authority Of India's Operating Income for the three months ended in Dec. 2023 was ₹ 8,217 Mil. Steel Authority Of India's Interest Expense for the three months ended in Dec. 2023 was ₹ -6,139 Mil. Steel Authority Of India's Interest Coverage for the quarter that ended in Dec. 2023 was 1.34. 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.

Steel Authority Of India Interest Expense Historical Data

The historical data trend for Steel Authority Of 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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Steel Authority Of India Interest Expense Chart

Steel Authority Of India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

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Mar23

Interest Expense

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-31,357.90

-34,601.70

-27,897.40

-16,978.90

-20,374.70

Steel Authority Of India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-6,402.60	-5,170.00	-6,126.00	-6,052.20	-6,138.50

Steel Authority Of 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-23,487 Mil.

Steel Authority Of India (NSE:SAIL) 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.

Steel Authority Of India's Interest Expense for the three months ended in Dec. 2023 was ₹-6,139 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹8,217 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Steel Authority Of India's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	8216.7	/	-6138.5
	=	1.34

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

Steel Authority Of India (NSE:SAIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Steel Authority Of India Ltd (NSE:SAIL) » Definitions » Interest Expense

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500113:India

Address

Lodi Road, Ispat Bhawan, New Delhi, IND, 110003

Website

https://www.sail.co.in

Steel Authority Of India Ltd is a steelmaker. The company primarily produces flat steel products (including plates, sheets, coils, and galvanized plain), long steel products (rails, structural, wire rods, and merchant products), electric-resistance-welded pipes, and silicon steel sheets. Flat and long products account for the majority of the company's sales. The company runs five integrated steel plants and three alloy steel plants. It generates most of its revenue from the Indian domestic market.