ROX Hi-Tech (NSE:ROXHITECH) Interest Expense : ₹ Mil (TTM As of Mar. 2023)

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What is ROX Hi-Tech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ROX Hi-Tech's interest expense for the six months ended in Mar. 2023 was ₹ -30 Mil. ROX Hi-Tech 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. ROX Hi-Tech's Operating Income for the six months ended in Mar. 2023 was ₹ 229 Mil. ROX Hi-Tech's Interest Expense for the six months ended in Mar. 2023 was ₹ -30 Mil. ROX Hi-Tech's Interest Coverage for the quarter that ended in Mar. 2023 was 7.72. 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.

ROX Hi-Tech Interest Expense Historical Data

The historical data trend for ROX Hi-Tech'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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ROX Hi-Tech Interest Expense Chart

ROX Hi-Tech Annual Data

Trend

Mar21

Mar22

Mar23

Interest Expense

-14.31

-19.61

-29.70

ROX Hi-Tech Semi-Annual Data
	Mar21	Mar22	Mar23
Interest Expense	-14.31	-19.61	-29.70

ROX Hi-Tech Interest Expense Calculation

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

ROX Hi-Tech (NSE:ROXHITECH) 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.

ROX Hi-Tech's Interest Expense for the six months ended in Mar. 2023 was ₹-30 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₹229 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was ₹34 Mil.

ROX Hi-Tech'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	*	229.174	/	-29.703
	=	7.72

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

ROX Hi-Tech (NSE:ROXHITECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ROX Hi-Tech Ltd (NSE:ROXHITECH) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mahalingapuram Main Road, Old No.101B, New No.160, 1st & 3rd Floor, Nungambakkam, Chennai, TN, IND, 600034

Website

https://www.rox.co.in

ROX Hi-Tech Ltd is a customer-centric IT solutions provider committed to excellence. It offers a comprehensive range of distributed IT solutions, including consulting, enterprise and end-user computing, managed print, and network services. The company is India's leading end-to-end IT solution provider.

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