Virinchi (NSE:VIRINCHI) Interest Expense : ₹-398 Mil (TTM As of Dec. 2024)

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What is Virinchi Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Virinchi's interest expense for the three months ended in Dec. 2024 was ₹ -94 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-398 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. Virinchi's Operating Income for the three months ended in Dec. 2024 was ₹ 110 Mil. Virinchi's Interest Expense for the three months ended in Dec. 2024 was ₹ -94 Mil. Virinchi's Interest Coverage for the quarter that ended in Dec. 2024 was 1.17. 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.

Virinchi Interest Expense Historical Data

The historical data trend for Virinchi'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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Virinchi Interest Expense Chart

Virinchi Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-221.96

-320.85

-261.37

-330.95

-426.79

Virinchi Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-106.18	-110.42	-95.80	-97.87	-93.78

Virinchi 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-398 Mil.

Virinchi (NSE:VIRINCHI) 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.

Virinchi's Interest Expense for the three months ended in Dec. 2024 was ₹-94 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹110 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Virinchi's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	110.084	/	-93.777
	=	1.17

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Virinchi Ltd interest coverage is 1.19, which is low.

Virinchi Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Virinchi Ltd (NSE:VIRINCHI) » Definitions » Interest Expense

Comparable Companies

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532372:India

Address

Road No. 1, 8-2-672 / 5 & 6, 4th Floor, IIyas Mohammed Khan Estate, Banjara Hills, Hyderabad, TG, IND, 500034

Website

https://www.virinchi.com

Virinchi Ltd is an Indian information technology (IT) products and services company engaged in software development and research. The firm's segments include the development of Computer Software and Services and IT Enabled Services. The company's products and solutions include QFund, vCard, V23, KSoft, Virinchi Hospitals chain, and Bristlecone Hospitals. The company generates key revenue from SAAS Business.

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