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Aion-Tech Solutions (NSE:GOLDTECH) Interest Expense : ₹-10.2 Mil (TTM As of Mar. 2024)


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What is Aion-Tech Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aion-Tech Solutions's interest expense for the three months ended in Mar. 2024 was ₹ -2.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-10.2 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. Aion-Tech Solutions's Operating Income for the three months ended in Mar. 2024 was ₹ -11.8 Mil. Aion-Tech Solutions's Interest Expense for the three months ended in Mar. 2024 was ₹ -2.5 Mil. Aion-Tech Solutions did not have earnings to cover the interest expense. 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.

Aion-Tech Solutions Interest Expense Historical Data

The historical data trend for Aion-Tech Solutions'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.

* Premium members only.

Aion-Tech Solutions Interest Expense Chart

Aion-Tech Solutions Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.79 -1.13 -1.52 -5.46 -10.18

Aion-Tech Solutions 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.57 -2.07 -2.30 -3.29 -2.52

Aion-Tech Solutions 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 ₹-10.2 Mil.

* 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.

Aion-Tech Solutions  (NSE:GOLDTECH) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Aion-Tech Solutions's Interest Expense for the three months ended in Mar. 2024 was ₹-2.5 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-11.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹50.2 Mil.

Aion-Tech Solutions's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Aion-Tech Solutions did not have earnings to cover the interest expense.

* 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.

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

Aion-Tech Solutions (NSE:GOLDTECH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Aion-Tech Solutions Ltd (NSE:GOLDTECH) » Definitions » Interest Expense
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Traded in Other Exchanges
531439:India
Address
My Home Hub, Block-I, 9 Floor, Hitech City, Madhapur, Hyderabad, TG, IND, 500081
Website
https://www.goldstonetech.com
Aion-Tech Solutions Ltd formerly Goldstone Technologies Ltd is engaged in the Information technology sector and Information Technology Services. The firm offers various services such as Business intelligence and analytics, Infrastructure services, Outsourcing services, and others. Its operating segments are Information Technology/Software Services and Software Licenses. The company offers services in both domestic and international markets. It generates maximum revenue from Information Technology/Software Services and Software licenses.

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