Tata Elxsi (NSE:TATAELXSI) Interest Expense : ₹-203 Mil (TTM As of Mar. 2024)

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What is Tata Elxsi Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tata Elxsi's interest expense for the three months ended in Mar. 2024 was ₹ -50 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-203 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. Tata Elxsi's Operating Income for the three months ended in Mar. 2024 was ₹ 2,337 Mil. Tata Elxsi's Interest Expense for the three months ended in Mar. 2024 was ₹ -50 Mil. Tata Elxsi's Interest Coverage for the quarter that ended in Mar. 2024 was 47.00. 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.

Tata Elxsi Interest Expense Historical Data

The historical data trend for Tata Elxsi'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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Tata Elxsi Interest Expense Chart

Tata Elxsi Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-55.63

-59.32

-93.43

-161.99

-202.61

Tata Elxsi Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-41.18	-39.23	-58.12	-55.53	-49.73

Tata Elxsi 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-203 Mil.

Tata Elxsi (NSE:TATAELXSI) 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.

Tata Elxsi's Interest Expense for the three months ended in Mar. 2024 was ₹-50 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹2,337 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,812 Mil.

Tata Elxsi's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	2336.992	/	-49.726
	=	47.00

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

Tata Elxsi (NSE:TATAELXSI) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Tata Elxsi Ltd (NSE:TATAELXSI) » Definitions » Interest Expense

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500408:India

Address

ITPB Road, Whitefield, Bengaluru, KA, IND, 560 048

Website

https://www.tataelxsi.com

Tata Elxsi Ltd is an India-based provider of design and technology services for the aerospace and defense, automotive, broadcasting and media, communications, consumer products, healthcare, semiconductor, and automotive industries. Its solutions include product engineering, design, Big Data analytics, Internet of Things, content development, artificial intelligence, virtual reality, and systems integration. The firm has operations in India, US, Europe, and Others.

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