Micropro Software Solutions (NSE:MICROPRO) Interest Expense : ₹ Mil (TTM As of Mar. 2023)

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What is Micropro Software Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Micropro Software Solutions's interest expense for the six months ended in Mar. 2023 was ₹ -3.0 Mil. Micropro Software Solutions does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Mar. 2023.

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. Micropro Software Solutions's Operating Income for the six months ended in Mar. 2023 was ₹ 87.4 Mil. Micropro Software Solutions's Interest Expense for the six months ended in Mar. 2023 was ₹ -3.0 Mil. Micropro Software Solutions's Interest Coverage for the quarter that ended in Mar. 2023 was 29.45. 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.

Micropro Software Solutions Interest Expense Historical Data

The historical data trend for Micropro Software 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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Micropro Software Solutions Interest Expense Chart

Micropro Software Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Interest Expense

-2.00

-2.06

-2.97

Micropro Software Solutions Semi-Annual Data
	Mar21	Mar22	Mar23
Interest Expense	-2.00	-2.06	-2.97

Micropro Software Solutions Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Micropro Software Solutions (NSE:MICROPRO) 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.

Micropro Software Solutions's Interest Expense for the six months ended in Mar. 2023 was ₹-3.0 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₹87.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was ₹14.8 Mil.

Micropro Software Solutions's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	87.413	/	-2.968
	=	29.45

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

Micropro Software Solutions (NSE:MICROPRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Micropro Software Solutions Ltd (NSE:MICROPRO) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

Gayatri Nagar Road, Plot NO. 28, 102 Wing A, 7th Floor, VIPL IT Park Building, Nagpur, MH, IND, 440022

Website

https://www.microproindia.com

Micropro Software Solutions Ltd is engaged in the business of providing software development, maintenance services as well as trading of hardware and software products. The company provides consulting along with technical services and IT solutions to its clients across different industries. The services offered by the company include IT Infrastructure Management, Manpower Services, Network and Security Services among others. It also offers software products such as HospyCare, OpenSys-Logix, OpenSys MicroBooks and others.

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