Servotech Power Systems (NSE:EQSERVOTECH) Interest Expense : ₹-32 Mil (TTM As of Mar. 2024)

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What is Servotech Power Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Servotech Power Systems's interest expense for the three months ended in Mar. 2024 was ₹ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-32 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. Servotech Power Systems's Operating Income for the three months ended in Mar. 2024 was ₹ 47 Mil. Servotech Power Systems's Interest Expense for the three months ended in Mar. 2024 was ₹ -5 Mil. Servotech Power Systems's Interest Coverage for the quarter that ended in Mar. 2024 was 8.62. 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.

Servotech Power Systems Interest Expense Historical Data

The historical data trend for Servotech Power 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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Servotech Power Systems Interest Expense Chart

Servotech Power Systems Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-27.40

-28.96

-18.01

-23.83

-31.60

Servotech Power Systems Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-7.25	-9.29	-10.75	-6.09	-5.47

Servotech Power 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-32 Mil.

Servotech Power Systems (NSE:EQSERVOTECH) 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.

Servotech Power Systems's Interest Expense for the three months ended in Mar. 2024 was ₹-5 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹47 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹131 Mil.

Servotech Power Systems'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	*	47.131	/	-5.47
	=	8.62

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

Servotech Power Systems (NSE:EQSERVOTECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Servotech Power Systems Ltd (NSE:EQSERVOTECH) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

806, 8th Floor, Crown Heights, Sector 10, Rohini, Hotel Charted Accountants Crown Plaza, New Delhi, IND, 110085

Website

https://www.servotech.in

Servotech Power Systems Ltd is an Indian company in the business line of manufacturing, trading and exporting LED, UPS, Solar Products & Flameproof LED Lights. The firm is engaged in the production, development, and marketing of both indoor and outdoor LED lighting products, solar products and Ultraviolet C products. The product portfolio of the company includes LED tube lights and bulbs, street lights, floodlights, canopy lights, yard lights, FLP tubes, hoarding lights, system controllers, UPS, solar charge controllers, solar rooftops, UV Disinfection Lamp, UV Disinfection Handheld, UV Disinfection Truck, Sterilization Box, UVC RoboTruk and UVLEN based on far UVC technology and others. Substantial revenue is derived from domestic sales.

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