Rategain Travel Technologies (BOM:543417) Interest Expense : ₹-14 Mil (TTM As of Mar. 2024)

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What is Rategain Travel Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rategain Travel Technologies's interest expense for the three months ended in Mar. 2024 was ₹ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-14 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. Rategain Travel Technologies's Operating Income for the three months ended in Mar. 2024 was ₹ 447 Mil. Rategain Travel Technologies's Interest Expense for the three months ended in Mar. 2024 was ₹ -3 Mil. Rategain Travel Technologies's Interest Coverage for the quarter that ended in Mar. 2024 was 141.97. 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.

Rategain Travel Technologies Interest Expense Historical Data

The historical data trend for Rategain Travel Technologies'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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Rategain Travel Technologies Interest Expense Chart

Rategain Travel Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-89.26

-82.04

-52.33

-15.11

-13.66

Rategain Travel Technologies Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial											-3.45	-3.37	-3.61	-3.53	-3.15

Rategain Travel Technologies 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 ₹-14 Mil.

Rategain Travel Technologies (BOM:543417) 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.

Rategain Travel Technologies's Interest Expense for the three months ended in Mar. 2024 was ₹-3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹447 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹138 Mil.

Rategain Travel Technologies'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	*	447.19	/	-3.15
	=	141.97

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Rategain Travel Technologies Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Rategain Travel Technologies (BOM:543417) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rategain Travel Technologies Ltd (BOM:543417) » Definitions » Interest Expense

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RATEGAIN:India

Address

Plot No. A-3,4,5, Sector 125, Club 125, 4th, Prius Global, Noida, UP, IND, 201 301

Website

https://www.rategain.com

Rategain Travel Technologies Ltd is a SaaS company in the hospitality and travel industry offering solutions across a wide spectrum of verticals including hotels, airlines, online travel agents, meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises and ferries. Geographically, it derives a majority of its revenue from the United Kingdom.

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