Magellanic Cloud (BOM:538891) Interest Expense : ₹-211 Mil (TTM As of Mar. 2024)

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What is Magellanic Cloud Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Magellanic Cloud's interest expense for the three months ended in Mar. 2024 was ₹ -62 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-211 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. Magellanic Cloud's Operating Income for the three months ended in Mar. 2024 was ₹ 430 Mil. Magellanic Cloud's Interest Expense for the three months ended in Mar. 2024 was ₹ -62 Mil. Magellanic Cloud's Interest Coverage for the quarter that ended in Mar. 2024 was 6.94. 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.

Magellanic Cloud Interest Expense Historical Data

The historical data trend for Magellanic Cloud'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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Magellanic Cloud Interest Expense Chart

Magellanic Cloud Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-11.85

-8.66

-16.89

-121.08

-211.26

Magellanic Cloud 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															-31.82	-41.87	-53.31	-54.17	-61.92

Magellanic Cloud 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 ₹-211 Mil.

Magellanic Cloud (BOM:538891) 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.

Magellanic Cloud's Interest Expense for the three months ended in Mar. 2024 was ₹-62 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹430 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹2,001 Mil.

Magellanic Cloud'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	*	429.839	/	-61.916
	=	6.94

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

Magellanic Cloud (BOM:538891) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magellanic Cloud Ltd (BOM:538891) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Dallas Center, 83/1, Plot No. A1, 6th & 7th Floor, Hyderabad Knowledge City, Rai Durg, Madhapur, Hyderabad, TG, IND, 500032

Website

https://magellanic-cloud.com

Magellanic Cloud Ltd is a provider of IT services. It is engaged in software development, consulting, digital transformation, and DevOps. The company has also ventured into FMCG products. It operates through two segments, namely, IT Consulting Services and FMCG Product Division. The company earns the majority of its revenue from FMCG Product Division.

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