Niks Technology (BOM:543282) Interest Expense : ₹0.02 Mil (TTM As of Sep. 2023)

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What is Niks Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Niks Technology's interest expense for the six months ended in Sep. 2023 was ₹ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹0.02 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. Niks Technology's Operating Income for the six months ended in Sep. 2023 was ₹ 4.43 Mil. Niks Technology's Interest Expense for the six months ended in Sep. 2023 was ₹ 0.00 Mil. Niks Technology has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Niks Technology Interest Expense Historical Data

The historical data trend for Niks Technology'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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Niks Technology Interest Expense Chart

Niks Technology Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.03

-0.01

-0.02

Niks Technology Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial					-	-	-0.02	0.02	-

Niks Technology 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹0.02 Mil.

Niks Technology (BOM:543282) 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.

Niks Technology's Interest Expense for the six months ended in Sep. 2023 was ₹0.00 Mil. Its Operating Income for the six months ended in Sep. 2023 was ₹4.43 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was ₹0.00 Mil.

Niks Technology's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Niks Technology had no long-term debt ⁽¹⁾.

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

Niks Technology (BOM:543282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Niks Technology Ltd (BOM:543282) » Definitions » Interest Expense

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Address

Old Bypass Main Road, Flat No. 501, Shiv Laxmi Plaza, Opposite Rajendra Nagar Terminal, Kankarbagh, Patna, BR, IND, 800020

Website

https://www.nikstech.com

Niks Technology Ltd is an information technology solution service provider company. It offers a range of services such as cyber security, digital marketing, software development, website development, mobile app development, android app development, and classroom training and certification courses to students through offline and online routes.

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