Alankit (BOM:531082) Interest Expense : ₹-12 Mil (TTM As of Dec. 2023)

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What is Alankit Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alankit's interest expense for the three months ended in Dec. 2023 was ₹ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-12 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. Alankit's Operating Income for the three months ended in Dec. 2023 was ₹ 17 Mil. Alankit's Interest Expense for the three months ended in Dec. 2023 was ₹ -6 Mil. Alankit's Interest Coverage for the quarter that ended in Dec. 2023 was 3.02. 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.

Alankit Interest Expense Historical Data

The historical data trend for Alankit'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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Alankit Interest Expense Chart

Alankit Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-9.09

-14.29

-15.52

-13.81

-12.90

Alankit Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-5.20	2.02	-2.52	-6.02	-5.55

Alankit 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 ₹-12 Mil.

Alankit (BOM:531082) 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.

Alankit's Interest Expense for the three months ended in Dec. 2023 was ₹-6 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹17 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Alankit'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	*	16.742	/	-5.55
	=	3.02

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

Alankit (BOM:531082) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Alankit Ltd (BOM:531082) » Definitions » Interest Expense

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ALANKIT:India

Address

4E/2, Jhandewalan Extension, Alankit House, New Delhi, IND, 110055

Website

https://www.alankit.in

Alankit Ltd is an India-based company engaged in the provision of e-governance services. The company operates through two business segments namely E-Governance services and Financial Activities. It generates maximum revenue from the E-Governance services segment. The company offers services, such as permanent account number (PAN) applications, change in PAN particulars, e-tax deducted at source or e-tax collected at source returns in electronic mode from corporate and non-corporate assesses, digitization of paper returns filed with the income tax department, Unique Identification number enrolment for Aadhaar, and other services.

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