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SpaceNet Enterprises India (NSE:SPCENET) Interest Expense : ₹-0 Mil (TTM As of Sep. 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 Sep. 2024 was ₹ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 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 Sep. 2024 was ₹ 38 Mil. SpaceNet Enterprises India's Interest Expense for the three months ended in Sep. 2024 was ₹ -0 Mil. SpaceNet Enterprises India's Interest Coverage for the quarter that ended in Sep. 2024 was 594.38. 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
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -0.07 -0.04 -0.07 -0.06

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 Sep. 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 Sep. 2024 was ₹-0 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹38 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹6 Mil.

SpaceNet Enterprises India'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*38.04/-0.064
=594.38

* 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

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » SpaceNet Enterprises India Ltd (NSE:SPCENET) » Definitions » Interest Expense
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BOM:540776 BOM:511551 BOM:532285 BOM:526407 BOM:543712 BOM:533306 BOM:532366 BOM:523736 BOM:505526 BOM:543263 MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW HKSE:03908
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
Website
https://www.spacenetent.com
SpaceNet Enterprises India Ltd is engaged in the business of development of Software tools and platforms providing fast, flexible and reliable commodities trading tools and to invest, acquire and to deal in gold, and other commodities of all kinds, agricultural or otherwise, finished or unfinished goods and to take delivery and hold them as permitted under Securities Contracts Regulation Act (SCRA) 1956 and the rules made there under and also engaged in the business of Trade finance and Fin-tech.

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