what is an interest expense?? how to find it out from an income statement??

anshu

Mar 17 2013 08:50 PM

3 Answer(s)

Binny

If a company borrows money (loan/debt) then it has to pay fees on the borrowed money. This yearly fees it has to pay is called interest expense.
Most income statements will have an item called "Interest" or "Financing Charges"

Mar 24 2013 12:01 PM

bijay

interest is outflow of cash. this is amount u need to pay for ur borrowed loan and debt .

Mar 20 2014 05:31 PM

aan508

the interest that you have to pay on borrowed money

Aug 04 2015 03:09 AM

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