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Aeries Technology (Aeries Technology) Interest Expense : $-0.33 Mil (TTM As of Dec. 2023)


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What is Aeries Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aeries Technology's interest expense for the three months ended in Dec. 2023 was $ -0.12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.33 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. Aeries Technology's Operating Income for the three months ended in Dec. 2023 was $ 0.73 Mil. Aeries Technology's Interest Expense for the three months ended in Dec. 2023 was $ -0.12 Mil. Aeries Technology's Interest Coverage for the quarter that ended in Dec. 2023 was 6.37. 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.

Aeries Technology Interest Expense Historical Data

The historical data trend for Aeries Technology'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.

Aeries Technology Interest Expense Chart

Aeries Technology Annual Data
Trend Mar22 Mar23
Interest Expense
-0.44 -0.19

Aeries Technology Quarterly Data
Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23
Interest Expense Get a 7-Day Free Trial -0.05 -0.02 -0.12 -0.08 -0.12

Aeries Technology 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 $-0.33 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.

Aeries Technology  (NAS:AERTW) 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.

Aeries Technology's Interest Expense for the three months ended in Dec. 2023 was $-0.12 Mil. Its Operating Income for the three months ended in Dec. 2023 was $0.73 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $5.97 Mil.

Aeries Technology'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*0.733/-0.115
=6.37

* 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.

Aeries Technology (Aeries Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aeries Technology Inc (NAS:AERTW) » Definitions » Interest Expense
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AERT:USA
Address
Twin Towers Lane, Paville House, 5th Floor, Prabhadevi, Mumbai, MH, IND, 400025
Website
https://www.aeriestechnology.com
Aeries Technology Inc is a global professional and management services partner offering a range of management consultancy services for private equity sponsors and their portfolio companies with engagement models that are designed to provide a mix of deep vertical specialty, functional expertise, and digital systems and solutions to scale, optimize and transform a client's business operations. It supports and drives its client's global growth by providing a range of management consultancy services involving professional advisory services and operations management services to build and manage dedicated delivery centers in appropriate locations based on customer business needs.