ACE Software Exports (BOM:531525) Interest Expense : ₹-1.3 Mil (TTM As of Mar. 2024)

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What is ACE Software Exports Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ACE Software Exports's interest expense for the three months ended in Mar. 2024 was ₹ -1.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1.3 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. ACE Software Exports's Operating Income for the three months ended in Mar. 2024 was ₹ 5.9 Mil. ACE Software Exports's Interest Expense for the three months ended in Mar. 2024 was ₹ -1.3 Mil. ACE Software Exports's Interest Coverage for the quarter that ended in Mar. 2024 was 4.73. 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.

ACE Software Exports Interest Expense Historical Data

The historical data trend for ACE Software Exports'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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ACE Software Exports Interest Expense Chart

ACE Software Exports Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.54

-0.95

-0.81

-0.71

-1.29

ACE Software Exports 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															-0.01	-0.02	-0.01	-0.01	-1.25

ACE Software Exports 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 ₹-1.3 Mil.

ACE Software Exports (BOM:531525) 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.

ACE Software Exports's Interest Expense for the three months ended in Mar. 2024 was ₹-1.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹5.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0.0 Mil.

ACE Software Exports's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	5.918	/	-1.25
	=	4.73

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

ACE Software Exports (BOM:531525) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ACE Software Exports Ltd (BOM:531525) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

801 - Everest Commercial Complex, Opposite Shashtri Maidan, Rajkot, GJ, IND, 360001

Website

https://www.acesoftex.com

Ace Software Exports Ltd operates in the business of software database creation. It provides document management, digital publishing, and data conversion solutions using process engineering and cost-effective and flexible conversion systems. The firm operates under a single segment namely Computer Software and Services Exports. The company is engaged in the exports of computer software and service. The company's business relates to database creation pertaining to Information technology-enabled services, which include creating large volume full text, and image-based databases. The company derives the majority of its revenue from the sale of software.

ACE Software Exports (BOM:531525) Headlines

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