Tata Steel (Tata Steel) Interest Expense : $-902 Mil (TTM As of Dec. 2023)

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What is Tata Steel Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tata Steel's interest expense for the three months ended in Dec. 2023 was $ -226 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-902 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. Tata Steel's Operating Income for the three months ended in Dec. 2023 was $ 461 Mil. Tata Steel's Interest Expense for the three months ended in Dec. 2023 was $ -226 Mil. Tata Steel's Interest Coverage for the quarter that ended in Dec. 2023 was 2.04. 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.

Tata Steel Interest Expense Historical Data

The historical data trend for Tata Steel'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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Tata Steel Interest Expense Chart

Tata Steel Annual Data

Trend

Mar14

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Mar16

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Mar23

Interest Expense

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-1,102.34

-1,016.89

-1,044.60

-716.92

-765.65

Tata Steel 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															-214.36	-218.02	-221.97	-235.87	-225.91

Tata Steel 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 $-902 Mil.

Tata Steel (OTCPK:TATLY) 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.

Tata Steel's Interest Expense for the three months ended in Dec. 2023 was $-226 Mil. Its Operating Income for the three months ended in Dec. 2023 was $461 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0 Mil.

Tata Steel'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	*	461.423	/	-225.909
	=	2.04

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

Tata Steel (Tata Steel) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tata Steel Ltd (OTCPK:TATLY) » Definitions » Interest Expense

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TATASTEEL:India 500470:India TTSTl:UK TTST:UK HWHG:Germany

Address

24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, IND, 400 001

Website

https://www.tatasteel.com

Tata Steel Ltd is an India-based company that is engaged in the production and marketing of various steel products. Its products are basically classified into flat products and construction products. Flat products include hot-rolled steel, cold-rolled steel, metallic-coated steel, direct-coated steel, tubes, packaging steel, electro-plated steel, and narrow strip. Its segments include Tata Steel India, Tata Steel Long Products, Other Indian operations, Tata Steel Europe, Other trade related operations, South-East Asian operations, and the Rest of the world.

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