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Trident Techlabs (NSE:TECHLABS) Interest Expense : ₹-27.0 Mil (TTM As of Mar. 2024)


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What is Trident Techlabs Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Trident Techlabs's interest expense for the six months ended in Mar. 2024 was ₹ -27.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-27.0 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. Trident Techlabs's Operating Income for the six months ended in Mar. 2024 was ₹ 162.0 Mil. Trident Techlabs's Interest Expense for the six months ended in Mar. 2024 was ₹ -27.0 Mil. Trident Techlabs's Interest Coverage for the quarter that ended in Mar. 2024 was 5.99. 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.

Trident Techlabs Interest Expense Historical Data

The historical data trend for Trident Techlabs'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.

Trident Techlabs Interest Expense Chart

Trident Techlabs Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Interest Expense
-36.04 -26.73 -32.74 -27.04

Trident Techlabs Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Interest Expense -36.04 -26.73 -32.74 -27.04

Trident Techlabs Interest Expense Calculation

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

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-27.0 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.

Trident Techlabs  (NSE:TECHLABS) 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.

Trident Techlabs's Interest Expense for the six months ended in Mar. 2024 was ₹-27.0 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹162.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹130.8 Mil.

Trident Techlabs'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*162.016/-27.038
=5.99

* 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.

Trident Techlabs Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Trident Techlabs Ltd (NSE:TECHLABS) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Rani Jhansi Road, 1/18-20, 2nd floor, White House, New Delhi, IND, 110055
Website
https://www.tridenttechlabs.com
Trident Techlabs Ltd offers custom-built technology solutions to corporates in the aerospace, defense, automotive, telecom, semiconductor and power distribution sectors. It has two business verticals i.e. Engineering Solutions and Power System Solutions. Engineering Solutions portfolio consists of system-level electronics design, chip-level electronics design, embedded design, PCB designing, electromagnetic simulations and other products and services. Power Solutions portfolio of products and related services helps power distribution utilities that face new challenges due to the ever-changing nature of the industry and the increasing pressure on network reliability. The company operates in two segments; trading business, and consultancy business which generates the majority of the revenue.

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