Vedavaag Systems (BOM:533056) Interest Expense : ₹-3.1 Mil (TTM As of Jun. 2024)

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What is Vedavaag Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vedavaag Systems's interest expense for the three months ended in Jun. 2024 was ₹ -1.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ₹-3.1 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. Vedavaag Systems's Operating Income for the three months ended in Jun. 2024 was ₹ 28.1 Mil. Vedavaag Systems's Interest Expense for the three months ended in Jun. 2024 was ₹ -1.2 Mil. Vedavaag Systems's Interest Coverage for the quarter that ended in Jun. 2024 was 23.73. 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.

Vedavaag Systems Interest Expense Historical Data

The historical data trend for Vedavaag Systems'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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Vedavaag Systems Interest Expense Chart

Vedavaag Systems Annual Data

Trend

Mar15

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Mar24

Interest Expense

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-1.47

-0.60

-1.10

-0.34

-1.98

Vedavaag Systems Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-0.04	-0.06	-0.03	-1.85	-1.19

Vedavaag Systems 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-3.1 Mil.

Vedavaag Systems (BOM:533056) 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.

Vedavaag Systems's Interest Expense for the three months ended in Jun. 2024 was ₹-1.2 Mil. Its Operating Income for the three months ended in Jun. 2024 was ₹28.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ₹0.0 Mil.

Vedavaag Systems's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	28.142	/	-1.186
	=	23.73

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

Vedavaag Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vedavaag Systems Ltd (BOM:533056) » Definitions » Interest Expense

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Address

1-90-8/13, B Block, 103, West Block, Sirisai Orchid, 1st Floor, Hitech City, Madhapur, Hyderabad, TG, IND, 500081

Website

http://www.vedavaag.com

Vedavaag Systems Ltd is an India based company engaged in providing information technology sales and services. The company is focusing on three key areas - E-Governance and Citizen Services, Banking, Finance and Insurance Services, and Infra services for Telecom. The company's business verticals include E-Governance Solutions Financial Inclusion System Integrator, Rural Healthcare, and Rural Retail.

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