Virinchi (BOM:532372) Interest Expense : ₹-428 Mil (TTM As of Mar. 2024)

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What is Virinchi Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Virinchi's interest expense for the three months ended in Mar. 2024 was ₹ -113 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-428 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. Virinchi's Operating Income for the three months ended in Mar. 2024 was ₹ 158 Mil. Virinchi's Interest Expense for the three months ended in Mar. 2024 was ₹ -113 Mil. Virinchi's Interest Coverage for the quarter that ended in Mar. 2024 was 1.40. 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.

Virinchi Interest Expense Historical Data

The historical data trend for Virinchi'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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Virinchi Interest Expense Chart

Virinchi Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-221.96

-320.85

-261.37

-330.95

-429.01

Virinchi 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															-106.53	-114.12	-96.07	-105.18	-112.64

Virinchi 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 ₹-428 Mil.

Virinchi (BOM:532372) 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.

Virinchi's Interest Expense for the three months ended in Mar. 2024 was ₹-113 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹158 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹2,378 Mil.

Virinchi'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	*	157.951	/	-112.641
	=	1.40

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

Virinchi (BOM:532372) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Virinchi Ltd (BOM:532372) » Definitions » Interest Expense

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VIRINCHI:India

Address

Road Number 1, 8-2-672 / 5 & 6, 4th Floor, IIyas Mohammed Khan Estate, Banjara Hills, Hyderabad, TG, IND, 500034

Website

https://www.virinchi.com

Virinchi Ltd is an Indian information technology (IT) products and services company engaged in software development and research. The firm's segments include the development of Computer Software and Services and IT Enabled Services. The company's products and solutions include QFund, vCard, V23, KSoft, Virinchi Hospitals chain, and Bristlecone Hospitals. The company generates key revenue from Healthcare Services and North America.

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