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Zee Entertainment Enterprises (NSE:ZEEL) Interest Expense : ₹-721 Mil (TTM As of Mar. 2024)


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What is Zee Entertainment Enterprises Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zee Entertainment Enterprises's interest expense for the three months ended in Mar. 2024 was ₹ -69 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-721 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. Zee Entertainment Enterprises's Operating Income for the three months ended in Mar. 2024 was ₹ 1,331 Mil. Zee Entertainment Enterprises's Interest Expense for the three months ended in Mar. 2024 was ₹ -69 Mil. Zee Entertainment Enterprises's Interest Coverage for the quarter that ended in Mar. 2024 was 19.28. 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.

Zee Entertainment Enterprises Interest Expense Historical Data

The historical data trend for Zee Entertainment Enterprises'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.

Zee Entertainment Enterprises Interest Expense Chart

Zee Entertainment Enterprises 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 -576.00 -82.00 -438.00 -702.40 -720.70

Zee Entertainment Enterprises 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 -396.40 -234.30 -234.00 -183.40 -69.00

Zee Entertainment Enterprises 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 ₹-721 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.

Zee Entertainment Enterprises  (NSE:ZEEL) 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.

Zee Entertainment Enterprises's Interest Expense for the three months ended in Mar. 2024 was ₹-69 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹1,331 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,622 Mil.

Zee Entertainment Enterprises'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*1330.6/-69
=19.28

* 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.

Zee Entertainment Enterprises (NSE:ZEEL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Zee Entertainment Enterprises Ltd (NSE:ZEEL) » Definitions » Interest Expense
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Traded in Other Exchanges
505537:India
Address
N.M. Joshi Marg, 18th Floor, A-Wing, Marathon Futurex, Lower Parel, Mumbai, MH, IND, 400013
Website
https://www.zee.com
Zee Entertainment Enterprises Ltd is a broadcasting television company that provides media and entertainment services. Zee generates revenue from Advertisement, Subscription, Theatrical revenue, Sale of media content, Transmission revenue and Commission. The company controls a suite of television channels that broadcast in many different languages. Furthermore, Zee Entertainment produces and distributes feature films, develops digital online offerings, and produces and sells for live entertainment events. It operates in five business Broadcast, Digital, Movies, Music and Sports. The company earns the vast majority of its revenue in India.

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