Cigniti Technologies (BOM:534758) Interest Expense : ₹-31 Mil (TTM As of Mar. 2024)

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What is Cigniti Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cigniti Technologies's interest expense for the three months ended in Mar. 2024 was ₹ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-31 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. Cigniti Technologies's Operating Income for the three months ended in Mar. 2024 was ₹ 225 Mil. Cigniti Technologies's Interest Expense for the three months ended in Mar. 2024 was ₹ -10 Mil. Cigniti Technologies's Interest Coverage for the quarter that ended in Mar. 2024 was 21.95. 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.

Cigniti Technologies Interest Expense Historical Data

The historical data trend for Cigniti Technologies'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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Cigniti Technologies Interest Expense Chart

Cigniti Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-72.63

-48.94

-38.05

-43.97

-41.22

Cigniti Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-11.50	-11.23	-11.36	-9.15	-10.25

Cigniti Technologies 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 ₹-31 Mil.

Cigniti Technologies (BOM:534758) 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.

Cigniti Technologies's Interest Expense for the three months ended in Mar. 2024 was ₹-10 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹225 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹86 Mil.

Cigniti Technologies'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	*	224.996	/	-10.25
	=	21.95

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

Cigniti Technologies (BOM:534758) Business Description

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CIGNITITEC:India

Address

MGR Estates, Dwarakapuri Colony, Suite No. 106 and 107, 6-3-456/C, Punjagutta, Hyderabad, TG, IND, 500082

Website

https://www.cigniti.com

Cigniti Technologies Ltd is an India-based company engaged in Independent Software Testing Services. Its test offerings include Quality Engineering, Advisory and Transformation, Next Generation Testing, and Core Testing. The company's services include Agile testing, DevOps QA, Service Virtualization, Test Data Management, mobile testing, digital QA, Big Data and analytics testing, e-commerce testing, energy and utilities, medical device testing and game testing. It also provides functional testing, test automation, performance testing, security testing, enterprise resource planning (ERP) testing, regression testing, and globalization testing amongst others.

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