Hexaware Technologies (LSE:35PJ) Interest Coverage: 47.65 (As of Mar. 2026) — Near Median


What is Hexaware Technologies Interest Coverage?

Hexaware Technologies LSE:35PJ 39 Interest Coverage is 47.65 as of Mar. 2026, which is 1% below its 10-year median of 47.97. GuruFocus rates LSE:35PJ with a GF Score™ of 39/100. The stock has 1 warning sign investors should review. Among 1,704 Software companies, Hexaware Technologies ranks better than 59.39% on this metric.

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 by its Interest Expense. Hexaware Technologies's Operating Income for the three months ended in Mar. 2026 was £111.65 Mil. Hexaware Technologies's Interest Expense for the three months ended in Mar. 2026 was £-2.34 Mil. Hexaware Technologies's interest coverage for the quarter that ended in Mar. 2026 was 47.65. 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. Hexaware Technologies Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Hexaware Technologies's Interest Coverage or its related term are showing as below:

LSE:35PJ' s Interest Coverage Range Over the Past 10 Years
Min: 18.97   Med: 47.97   Max: 16019.76
Current: 50.1

LSE:35PJ's Interest Coverage is ranked better than
59.39% of 1704 companies
in the Software industry
Industry Median: 24.75 vs LSE:35PJ: 50.10

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

Hexaware Technologies  (LSE:35PJ) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Hexaware Technologies Interest Coverage Related Terms

Hexaware Technologies Interest Coverage Historical Data

* Premium members only.

The historical data trend for Hexaware Technologies's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No 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.

Hexaware Technologies Interest Coverage Chart

Hexaware Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.47 34.68 49.91 46.03 36.82

Hexaware Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Dec21 Dec22 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage 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 57.27 59.46 54.60 42.36 47.65

LSE:35PJ vs IBM, ACN, FISV: Interest Coverage Comparison

For the Information Technology Services subindustry, Hexaware Technologies's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hexaware Technologies Interest Coverage vs Software Industry

For the Software industry and Technology sector, Hexaware Technologies's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Hexaware Technologies's Interest Coverage falls into.


Hexaware Technologies Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


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

Hexaware Technologies's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Hexaware Technologies's Interest Expense was £-4.15 Mil. Its Operating Income was £152.72 Mil. And its Long-Term Debt & Capital Lease Obligation was £45.90 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*152.719/-4.148
=36.82

Hexaware Technologies's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Hexaware Technologies's Interest Expense was £-2.34 Mil. Its Operating Income was £111.65 Mil. And its Long-Term Debt & Capital Lease Obligation was £57.63 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*111.654/-2.343
=47.65

* 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 47.65 mean?
Hexaware Technologies (LSE:35PJ) has a Interest Coverage of 47.65 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Hexaware Technologies and its competitors. This is near median its historical median of 47.97. Over the past decade, Hexaware Technologies' Interest Coverage has ranged from 18.97 to 16,019.76. According to the industry distribution chart, Hexaware Technologies ranks #692 out of 1704 companies in the Software industry, placing it in the top 40.6%.
Is Hexaware Technologies' Interest Coverage too high?
Hexaware Technologies' current Interest Coverage of 47.65 is near median its 10-year median of 47.97. Over the past 10 years, this metric has ranged from a low of 18.97 to a high of 16,019.76. The Software industry median Interest Coverage is 24.75. Hexaware Technologies' value of 47.65 is 92.5% above this industry median. Based on the distribution chart, Hexaware Technologies ranks #692 out of 1704 companies in the Software industry, which is above the industry midpoint. Overall, Hexaware Technologies has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Hexaware Technologies' Interest Coverage compare to IBM and ACN?
According to the Software industry distribution chart, Hexaware Technologies ranks #692 out of 1704 companies for Interest Coverage. This puts Hexaware Technologies in the upper half of its industry. The industry median Interest Coverage is 24.75. Hexaware Technologies' value of 47.65 is 92.5% above this benchmark. Historically, Hexaware Technologies' own Interest Coverage has ranged from 18.97 to 16,019.76 over the past decade. While the company's 10-year median is 47.97 vs. the industry median of 24.75, Hexaware Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Software company?
The median Interest Coverage among Software companies is 24.75, based on 1,704 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hexaware Technologies's current Interest Coverage of 47.65 is 92.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Hexaware Technologies and its competitors. For the Software industry, the median Interest Coverage is 24.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hexaware Technologies's current Interest Coverage is 47.65, which is near median its own 10-year median of 47.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hexaware Technologies stock overvalued right now?
Hexaware Technologies (LSE:35PJ) has a current Interest Coverage of 47.65. The current Interest Coverage is 47.65, which is near median its 10-year median of 47.97 and 92.5% above the Software industry median of 24.75. Hexaware Technologies' overall GF Score™ is 39/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Hexaware Technologies (LSE:35PJ), the current Interest Coverage is 47.65 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Hexaware Technologies Business Description

Other Exchanges HEXT:India544362:India
Address Q1, Loma Co-Developers1 Private Limited, 8th floor, 13th Level, Plot no. Gen-4/1, TTC Industrial Area, Ghansoli, Navi Mumbai, IND, 400710
Hexaware Technologies Ltd is a digital and technology services company with artificial intelligence. The segments of the company are based on the industries served: Financial Services, Healthcare and Insurance, Manufacturing and Consumer, Hi-Tech and Professional Services, Banking, and Travel and Transportation. The firm generates key revenue from the Travel and Transportation segment. Geographically, the firm generates the majority of its revenue from the Americas.