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SpaceNet Enterprises India (NSE:SPCENET) Interest Expense : ₹-0 Mil (TTM As of Jun. 2024)


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What is SpaceNet Enterprises India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SpaceNet Enterprises India's interest expense for the three months ended in Jun. 2024 was ₹ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ₹-0 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. SpaceNet Enterprises India's Operating Income for the three months ended in Jun. 2024 was ₹ 30 Mil. SpaceNet Enterprises India's Interest Expense for the three months ended in Jun. 2024 was ₹ -0 Mil. SpaceNet Enterprises India's Interest Coverage for the quarter that ended in Jun. 2024 was 446.22. 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.


SpaceNet Enterprises India Interest Expense Historical Data

The historical data trend for SpaceNet Enterprises India'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.

SpaceNet Enterprises India Interest Expense Chart

SpaceNet Enterprises India Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.05 -1.90 -0.21 -0.29 -0.17

SpaceNet Enterprises India Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.03 -0.03 -0.07 -0.04 -0.07

SpaceNet Enterprises India 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-0 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.


SpaceNet Enterprises India  (NSE:SPCENET) 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.

SpaceNet Enterprises India's Interest Expense for the three months ended in Jun. 2024 was ₹-0 Mil. Its Operating Income for the three months ended in Jun. 2024 was ₹30 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ₹0 Mil.

SpaceNet Enterprises India's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*29.897/-0.067
=446.22

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. SpaceNet Enterprises India Ltd has enough cash to cover all of its debt. Its financial situation is stable.


SpaceNet Enterprises India Business Description

Traded in Other Exchanges
N/A
Address
Street No. 03, Raidurgam, Prasanth Hills, Plot No. 114, Survey No. 66/2, Gachibowli, Nav Khalsa, Serilingampally, Ranga Reddy, Hyderabad, TG, IND, 500008
SpaceNet Enterprises India Ltd is primarily engaged in the trading of commodities, providing Information Technology Services and online advertising services. It operates in a single segment that is Trading in commodities and derives revenue from the sale of commodities. Its investment enterprise is across a broad range of tech industries.

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