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Usha Martin Education & Solutions (BOM:532398) Interest Expense : ₹-1.56 Mil (TTM As of Sep. 2024)


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What is Usha Martin Education & Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Usha Martin Education & Solutions's interest expense for the three months ended in Sep. 2024 was ₹ -0.37 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-1.56 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. Usha Martin Education & Solutions's Operating Income for the three months ended in Sep. 2024 was ₹ 0.48 Mil. Usha Martin Education & Solutions's Interest Expense for the three months ended in Sep. 2024 was ₹ -0.37 Mil. Usha Martin Education & Solutions's Interest Coverage for the quarter that ended in Sep. 2024 was 1.29. 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.

Usha Martin Education & Solutions Interest Expense Historical Data

The historical data trend for Usha Martin Education & Solutions'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.

Usha Martin Education & Solutions Interest Expense Chart

Usha Martin Education & Solutions Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.02 -1.69 -1.61 -1.61 -1.59

Usha Martin Education & Solutions Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Expense 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 -0.40 -0.40 -0.40 -0.39 -0.37

Usha Martin Education & Solutions 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-1.56 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.

Usha Martin Education & Solutions  (BOM:532398) 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.

Usha Martin Education & Solutions's Interest Expense for the three months ended in Sep. 2024 was ₹-0.37 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹0.48 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹0.00 Mil.

Usha Martin Education & Solutions's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*0.477/-0.371
=1.29

* 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.

Usha Martin Education & Solutions Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Usha Martin Education & Solutions Ltd (BOM:532398) » Definitions » Interest Expense
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Traded in Other Exchanges
UMESLTD:India
Address
Godrej Waterside, Block-DP, Tower-2, 12th Floor, Sector-V, Salt lake City, Kolkata, WB, IND, 700 091
Website
https://www.umesl.co.in
Usha Martin Education & Solutions Ltd is an India-based company that provides educational support services. The company is an authorized SAP education partner imparting training to fresher and experienced professionals in different modules of SAP. The company's services include ERP certification courses, Big data analytics, hybris, Industry Connect, University Connect, and career development programs.

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