NINtec Systems (NSE:NINSYS) Interest Expense : ₹-2 Mil (TTM As of Sep. 2024)

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What is NINtec Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NINtec Systems's interest expense for the three months ended in Sep. 2024 was ₹ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-2 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. NINtec Systems's Operating Income for the three months ended in Sep. 2024 was ₹ 78 Mil. NINtec Systems's Interest Expense for the three months ended in Sep. 2024 was ₹ -1 Mil. NINtec Systems's Interest Coverage for the quarter that ended in Sep. 2024 was 81.57. 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.

NINtec Systems Interest Expense Historical Data

The historical data trend for NINtec 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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NINtec Systems Interest Expense Chart

NINtec Systems Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.02

-0.01

-0.03

-0.20

NINtec Systems Quarterly Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.01	-0.04	-0.15	-0.66	-0.96

NINtec 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-2 Mil.

NINtec Systems (NSE:NINSYS) 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.

NINtec Systems's Interest Expense for the three months ended in Sep. 2024 was ₹-1 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹78 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹22 Mil.

NINtec Systems'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	*	77.984	/	-0.956
	=	81.57

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. NINtec Systems Ltd has enough cash to cover all of its debt. Its financial situation is stable.

NINtec Systems Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » NINtec Systems Ltd (NSE:NINSYS) » Definitions » Interest Expense

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539843:India

Address

S.G. Highway, B-11, Corporate House, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.nintecsystems.com

NINtec Systems Ltd is an offshore software development services and solutions company. The firm is involved in computer programming, consultancy, and related activities. The company provides services like Software services and solutions and specializes in offshore software product development, software migration, multimedia design & development, application development & maintenance, web designing, digitization of engineering drawings, and search engine optimization.

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