Radiant Cash Management Services (NSE:RADIANTCMS) Interest Expense : ₹-18 Mil (TTM As of Sep. 2024)

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What is Radiant Cash Management Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Radiant Cash Management Services's interest expense for the three months ended in Sep. 2024 was ₹ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-18 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. Radiant Cash Management Services's Operating Income for the three months ended in Sep. 2024 was ₹ 166 Mil. Radiant Cash Management Services's Interest Expense for the three months ended in Sep. 2024 was ₹ -4 Mil. Radiant Cash Management Services's Interest Coverage for the quarter that ended in Sep. 2024 was 39.16. 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.

Radiant Cash Management Services Interest Expense Historical Data

The historical data trend for Radiant Cash Management Services'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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Radiant Cash Management Services Interest Expense Chart

Radiant Cash Management Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

-31.05

-16.67

-30.58

-6.82

-11.36

Radiant Cash Management Services Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial								-1.40	-3.98	-4.18	-5.13	-4.24

Radiant Cash Management Services 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 ₹-18 Mil.

Radiant Cash Management Services (NSE:RADIANTCMS) 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.

Radiant Cash Management Services's Interest Expense for the three months ended in Sep. 2024 was ₹-4 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹166 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹48 Mil.

Radiant Cash Management Services'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	*	166.04	/	-4.24
	=	39.16

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

Radiant Cash Management Services Business Description

Industry

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543732:India

Address

No. 4/3 Raju Nagar, First Street, Old Mahabalipuram Road, Radiant Building, Okkiyam Thoraipakkam, OMR, Chennai, TN, IND, 600 009

Website

https://www.radiantcashservices.com

Radiant Cash Management Services Ltd is an integrated cash logistics player with a presence in retail cash management. Its set of services, ranging from secured cash pick-up and delivery, network currency management, and cash-in-transit solutions to efficient cash processing, a diverse clientele trusts Radiant. Its clients include some of the foreign, private, and public sector banks, and the end users of services include some of the e-commerce companies, retail chains, NBFCs, insurance firms, e-commerce logistics players, railways, and retail petroleum distribution outlets. The company generates the majority of its revenue from Cash Pick and Delivery services. It operates in one business segment Cash Management Services.

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