GACM Technologies (NSE:GATECH) Interest Expense : ₹-6.96 Mil (TTM As of Sep. 2024)

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What is GACM Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GACM Technologies's interest expense for the three months ended in Sep. 2024 was ₹ -1.48 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-6.96 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. GACM Technologies's Operating Income for the three months ended in Sep. 2024 was ₹ 5.48 Mil. GACM Technologies's Interest Expense for the three months ended in Sep. 2024 was ₹ -1.48 Mil. GACM Technologies's Interest Coverage for the quarter that ended in Sep. 2024 was 3.70. 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.

GACM Technologies Interest Expense Historical Data

The historical data trend for GACM 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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GACM Technologies Interest Expense Chart

GACM Technologies Annual Data

Trend

Mar15

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Mar20

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Mar24

Interest Expense

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-0.01

-5.92

-10.56

-6.34

GACM Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-1.21	-1.22	-2.61	-1.65	-1.48

GACM 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-6.96 Mil.

GACM Technologies (NSE:GATECH) 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.

GACM Technologies's Interest Expense for the three months ended in Sep. 2024 was ₹-1.48 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹5.48 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹56.98 Mil.

GACM Technologies'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	*	5.479	/	-1.479
	=	3.70

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

GACM Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GACM Technologies Ltd (NSE:GATECH) » Definitions » Interest Expense

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570005:India GATECHDVR:India 531723:India

Address

Sardar Patel Road, KURA Towers, 10th Floor, D. No.1-11-254 & 1-11-255, Begumpet, Hyderabad, TG, IND, 500016

Website

https://www.gacmtech.com

GACM Technologies Ltd is engaged in Financial, Management and Software Consultancy Services. The company operates in only one business segment i.e. stock trading and distribution of financial products and consultancy services.

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