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Orient Technologies (NSE:ORIENTTECH) Interest Expense : ₹-6 Mil (TTM As of Dec. 2024)


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What is Orient Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Orient Technologies's interest expense for the three months ended in Dec. 2024 was ₹ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-6 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. Orient Technologies's Operating Income for the three months ended in Dec. 2024 was ₹ 151 Mil. Orient Technologies's Interest Expense for the three months ended in Dec. 2024 was ₹ -6 Mil. Orient Technologies's Interest Coverage for the quarter that ended in Dec. 2024 was 27.12. 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.

Orient Technologies Interest Expense Historical Data

The historical data trend for Orient 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.

* Premium members only.

Orient Technologies Interest Expense Chart

Orient Technologies Annual Data
Trend Mar22 Mar23 Mar24
Interest Expense
-4.43 -8.85 -12.93

Orient Technologies Quarterly Data
Mar22 Mar23 Dec23 Mar24 Dec24
Interest Expense - - -1.50 -0.91 -5.56

Orient 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-6 Mil.

* 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.

Orient Technologies  (NSE:ORIENTTECH) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Orient Technologies's Interest Expense for the three months ended in Dec. 2024 was ₹-6 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹151 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Orient Technologies'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*150.779/-5.56
=27.12

* 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.

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

Orient Technologies Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Orient Technologies Ltd (NSE:ORIENTTECH) » Definitions » Interest Expense
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Traded in Other Exchanges
544235:India
Address
MIDC Central Road, 602, Ackruti Center Point, Andheri (East), Mumbai, MH, IND, 400093
Website
https://www.orientindia.in
Orient Technologies Ltd is an information technology (IT) solutions provider. It includes three segments: IT Infrastructure Products and Services segment which include products and solutions include Data Centre Solutions and End-User Computing. IT Enabled Services (IteS) segment include services include Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals. Cloud and Data Management Services segment include services include migration of workload from data centers to cloud. Key revenue is generated from IT Infrastructure segment.

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