Majesco (Majesco) Interest Expense : $-0.4 Mil (TTM As of Jun. 2020)

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What is Majesco Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Majesco's interest expense for the three months ended in Jun. 2020 was $ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2020 was $-0.4 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. Majesco's Operating Income for the three months ended in Jun. 2020 was $ 3.9 Mil. Majesco's Interest Expense for the three months ended in Jun. 2020 was $ -0.1 Mil. Majesco's Interest Coverage for the quarter that ended in Jun. 2020 was 28.85. 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.

Majesco Interest Expense Historical Data

The historical data trend for Majesco'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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Majesco Interest Expense Chart

Majesco Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Interest Expense

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-0.60

-0.61

-0.52

-0.45

-0.35

Majesco Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Interest Expense	Get a 7-Day Free Trial															-0.09	-0.10	-0.08	-0.08	-0.14

Majesco 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.4 Mil.

Majesco (NAS:MJCO) 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.

Majesco's Interest Expense for the three months ended in Jun. 2020 was $-0.1 Mil. Its Operating Income for the three months ended in Jun. 2020 was $3.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2020 was $2.0 Mil.

Majesco's Interest Coverage for the quarter that ended in Jun. 2020 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2020 )	/	Interest Expense (Q: Jun. 2020 )
	=	-1	*	3.924	/	-0.136
	=	28.85

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

Majesco (Majesco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Majesco (NAS:MJCO) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

412 Mount Kemble Avenue, Suite 110C, Morristown, NJ, USA, 07960

Website

https://www.majesco.com

Majesco is the United States based provides core insurance software, consulting and services for business transformation for the insurance industry. It offers core software solutions for property and casualty, life and annuity, and Pensions Group Employee Benefits providers allowing them to manage policy management claims management and billing functions. In addition to the United States, it operates in Canada, the United Kingdom, Malaysia, Thailand, Singapore, New Zealand and India. It also offers a variety of other technology-based solutions for distribution management, digital, data and cloud that enable organizations to automate business processes across the end-to-end insurance value chain and comply with policies and regulations across their organizations.

Executives

Arun K Maheshwari	director	255 FISERV DRIVE, BROOKFIELD WI 53045
James Jeffrey Miller	officer: Chief Revenue Officer	412 MOUNT KEMBLE AVENUE SUITE 110C MORRISTOWN NJ 07960
Rajesh Hukku	director	412 MOUNT KEMBLE AVENUE, SUITE 110C MORRISTOWN NJ 07960
Mallinath Sengupta	officer: EVP, Global Services & Support	412 MOUNT KEMBLE AVENUE, SUITE 110C MORRISTOWN NJ 07960
Bithindra N Bhattacharya	officer: SVP, Finance	5 PENN PLAZA, 14TH FLOOR NEW YORK NY 10001
Farid Kazani	officer: Interim CFO	5 PENN PLAZA, 14TH FLOOR NEW YORK NY 10001
Majesco Ltd	10 percent owner	5 PENN PLAZA, 14TH FLOOR NEW YORK NY 10001
Edward Ossie	officer: COO	5 PENN PLAZA, 14TH FLOOR NEW YORK NY 10001
Sudhakar Ram	director	5 PENN PLAZA, 14TH FLOOR NEW YORK NY 10001
Prateek Kumar Solanki	officer: EVP, Americas	5 PENN PLAZA, 14TH FLOOR NEW YORK NY 10001
Adam Elster	director, officer: Chief Executive Officer	520 MADISON AVENUE NEW YORK NY 10022
Carolyn M Johnson	director	230 PARK AVENUE, NEW YORK NY 10169
Ketan Mehta	director	170 NEWPORT CENTER DRIVE SUITE 260 NEWPORT BEACH CA 92660
Manish D Shah	officer: President and CPO	55 LANE ROAD FAIRFIELD CT 07004
Lori Lynn Stanley	officer: Gen. Counsel & Corp. Secretary	192 LEXINGTON AVENUE NEW YORK NY 10016