DRC Systems India (NSE:DRCSYSTEMS) Interest Expense : ₹-0.5 Mil (TTM As of Dec. 2024)

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What is DRC Systems India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. DRC Systems India's interest expense for the three months ended in Dec. 2024 was ₹ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-0.5 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. DRC Systems India's Operating Income for the three months ended in Dec. 2024 was ₹ 38.5 Mil. DRC Systems India's Interest Expense for the three months ended in Dec. 2024 was ₹ -0.1 Mil. DRC Systems India's Interest Coverage for the quarter that ended in Dec. 2024 was 349.55. 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.

DRC Systems India Interest Expense Historical Data

The historical data trend for DRC Systems India'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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DRC Systems India Interest Expense Chart

DRC Systems India Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1.06

-0.52

-0.72

-6.21

-0.60

DRC Systems India Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-0.16	-0.15	-0.14	-0.12	-0.11

DRC Systems India 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-0.5 Mil.

DRC Systems India (NSE:DRCSYSTEMS) 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.

DRC Systems India's Interest Expense for the three months ended in Dec. 2024 was ₹-0.1 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹38.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0.0 Mil.

DRC Systems India's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	38.45	/	-0.11
	=	349.55

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. DRC Systems India Ltd has enough cash to cover all of its debt. Its financial situation is stable.

DRC Systems India Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » DRC Systems India Ltd (NSE:DRCSYSTEMS) » Definitions » Interest Expense

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543268:India

Address

Block No. 56, Road - 5C, Zone - 5, 24th Floor, GIFT Two Building, Gift CIty, Taluka and District - Gandhinagar, Gandhinagar, GJ, IND, 382355

Website

https://www.drcsystems.com

DRC Systems India Ltd is a service company engaged in providing information technology services including web and mobile app development, maintenance, testing, and related ancillary services. The company also offers a suite of software products such as Enterprise Resource Planning (ERP), University Management System, and Economic Zone Management system. Geographically, it generates revenue from India, United Arab Emirates (UAE), and other countries of which, its maximum revenue is derived from the United Arab Emirates (UAE).

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