Veefin Solutions (BOM:543931) Interest Expense : ₹-3.8 Mil (TTM As of Sep. 2024)

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What is Veefin Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Veefin Solutions's interest expense for the six months ended in Sep. 2024 was ₹ -2.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-3.8 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. Veefin Solutions's Operating Income for the six months ended in Sep. 2024 was ₹ 42.3 Mil. Veefin Solutions's Interest Expense for the six months ended in Sep. 2024 was ₹ -2.0 Mil. Veefin Solutions's Interest Coverage for the quarter that ended in Sep. 2024 was 20.67. 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.

Veefin Solutions Interest Expense Historical Data

The historical data trend for Veefin 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.

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Veefin Solutions Interest Expense Chart

Veefin Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Interest Expense

-0.01

-0.12

-0.03

-2.08

Veefin Solutions Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Interest Expense	Get a 7-Day Free Trial			-	-	-0.35	-1.72	-2.05

Veefin 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 semi-annually data reported by the company within the most recent 12 months, which was ₹-3.8 Mil.

Veefin Solutions (BOM:543931) 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.

Veefin Solutions's Interest Expense for the six months ended in Sep. 2024 was ₹-2.0 Mil. Its Operating Income for the six months ended in Sep. 2024 was ₹42.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was ₹52.1 Mil.

Veefin 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	*	42.3	/	-2.046
	=	20.67

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

Veefin Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Veefin Solutions Ltd (BOM:543931) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

Kirol Road, Office No-601, 602 & 603, Neelkanth Corporate IT Park, Vidhyavihar, Mumbai, MH, IND, 400 086

Website

https://www.veefin.com

Veefin Solutions Ltd is a Digital Lending and Supply Chain Finance (SCF) technology product solutions company based in Mumbai. Supply Chain Finance is a financial tool used to help businesses manage their cash flows and improve their working capital. The company provides its product solutions to a wide range of clients globally, including Banks, Non-Banking Financial Institutions, FinTech, Marketplaces, and Corporates. Its technology product solutions are offerings, which are designed with a user-led approach, data, and analytics, and built by experienced bankers for bankers.

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