iGate (FRA:MS4) Interest Expense : €-27 Mil (TTM As of Mar. 2015)

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What is iGate Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. iGate's interest expense for the three months ended in Mar. 2015 was € -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2015 was €-27 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. iGate's Operating Income for the three months ended in Mar. 2015 was € 51 Mil. iGate's Interest Expense for the three months ended in Mar. 2015 was € -7 Mil. iGate's Interest Coverage for the quarter that ended in Mar. 2015 was 7.43. 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.

iGate Interest Expense Historical Data

The historical data trend for iGate'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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iGate Interest Expense Chart

iGate Annual Data

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Interest Expense

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-0.08

-38.46

-63.83

-63.93

-40.48

iGate Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Interest Expense	Get a 7-Day Free Trial															-17.08	-8.98	-5.81	-5.35	-6.83

iGate 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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was €-27 Mil.

iGate (FRA:MS4) 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.

iGate's Interest Expense for the three months ended in Mar. 2015 was €-7 Mil. Its Operating Income for the three months ended in Mar. 2015 was €51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2015 was €517 Mil.

iGate's Interest Coverage for the quarter that ended in Mar. 2015 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2015 )	/	Interest Expense (Q: Mar. 2015 )
	=	-1	*	50.739	/	-6.827
	=	7.43

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

iGate (FRA:MS4) Business Description

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Address

Website

http://www.igate.com

Igate Corp was founded in 1986. The Company is an outsourcing provider of integrated end-to-end offshore centric information technology (IT) and IT-enabled operations solutions and services. The Company delivers various IT services through international integrated onsite and offshore delivery locations mainly in India. The Company provides its services to customers through industry focused practices, including insurance and healthcare (IHC), manufacturing, retail and logistics (MRDL), banking and financial services (BFS"), communications and utilities (CEU), and media and entertainment (MELT) and through technology focused practices. It offers services to customers through industry focused practices, including insurance and healthcare, life sciences, manufacturing, retail and logistics, banking and financial services, communications, energy and utilities, product and engineering solutions, government solutions and media and entertainment. Its IT and IT-enabled services include application development, application management, verification and validation, enterprise application solutions, business intelligence and data warehousing, infrastructure management services, enterprise mobility, cloud services, embedded systems development, engineering design services, IT consulting, IT governance and customized learning solutions, business process outsourcing ("BPO") and customer interaction services. The Company has operations in India, Canada, the United States, Europe, Mexico, Singapore, Malaysia, Japan, Australia, the United Arab Emirates, South Africa, Turkey, South Korea, China, Switzerland and the United Kingdom. The Company delivers effective solutions to more than 360 Fortune 1000 clients. The Company's main competitors in the IT and IT enabled outsourcing industry include IT outsourcing firms, consulting firms, systems integration-firms and general management consulting firms such as Tata Consultancy Services Limited, Infosys Technologies Limited, Cognizant Technology Solutions Corporation, Wipro Limited, Genpact Limited, WNS (Holdings) Limited, EXLService Holdings Inc., Syntel Inc., Mindtree Limited, and Hexaware Technologies Limited. The Company is subject to numerous, and sometimes conflicting, legal regimes on matters as diverse as anticorruption, import/export controls, content requirements, trade restrictions, tariffs, taxation, sanctions, immigration, internal and disclosure control obligations, securities regulation, anti-competition, data privacy and labor relations.

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