MITCON Consultancy & Engineering Services (NSE:MITCON) Interest Expense : ₹-111 Mil (TTM As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is MITCON Consultancy & Engineering Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MITCON Consultancy & Engineering Services's interest expense for the three months ended in Dec. 2023 was ₹ -29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-111 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. MITCON Consultancy & Engineering Services's Operating Income for the three months ended in Dec. 2023 was ₹ 45 Mil. MITCON Consultancy & Engineering Services's Interest Expense for the three months ended in Dec. 2023 was ₹ -29 Mil. MITCON Consultancy & Engineering Services's Interest Coverage for the quarter that ended in Dec. 2023 was 1.55. 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.

MITCON Consultancy & Engineering Services Interest Expense Historical Data

The historical data trend for MITCON Consultancy & Engineering Services'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.

MITCON Consultancy & Engineering Services Interest Expense Chart

MITCON Consultancy & Engineering Services Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

Get a 7-Day Free Trial

-2.56

-70.81

-88.44

-82.90

-95.76

MITCON Consultancy & Engineering Services Quarterly Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-26.84	-25.93	-25.67	-30.54	-29.31

MITCON Consultancy & Engineering Services 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-111 Mil.

MITCON Consultancy & Engineering Services (NSE:MITCON) 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.

MITCON Consultancy & Engineering Services's Interest Expense for the three months ended in Dec. 2023 was ₹-29 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹45 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

MITCON Consultancy & Engineering Services's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	45.372	/	-29.31
	=	1.55

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

MITCON Consultancy & Engineering Services (NSE:MITCON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MITCON Consultancy & Engineering Services Ltd (NSE:MITCON) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kubera Chambers, First Floor, Shivajinagar, Pune, MH, IND, 411005

Website

https://www.mitconindia.com

MITCON Consultancy & Engineering Services Ltd is a consultancy company. The company's operating segments include Consultancy and Training, Project Services, and Wind Power Generation. It generates maximum revenue from the Consultancy and Training segment. The company serves various sectors such as Solar Energy, Infrastructure, Power and Energy Conservation, Environment Management and Engineering division, Banking and Financial Solution division, Industrial Infrastructure, and others.

MITCON Consultancy & Engineering Services (NSE:MITCON) Headlines

No Headlines