TCHQY (Tech Mahindra) Interest Expense : $-0.26 Mil (TTM As of Jun. 2024)

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What is Tech Mahindra Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tech Mahindra's interest expense for the three months ended in Jun. 2024 was $ -8.57 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-0.26 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. Tech Mahindra's Operating Income for the three months ended in Jun. 2024 was $ 132.08 Mil. Tech Mahindra's Interest Expense for the three months ended in Jun. 2024 was $ -8.57 Mil. Tech Mahindra's Interest Coverage for the quarter that ended in Jun. 2024 was 15.42. 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.

Tech Mahindra Interest Expense Historical Data

The historical data trend for Tech Mahindra'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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Tech Mahindra Interest Expense Chart

Tech Mahindra Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-20.62

-20.13

-18.52

-5.54

-6.16

Tech Mahindra 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															-14.56	-11.74	-13.99	34.04	-8.57

Tech Mahindra 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 $-0.26 Mil.

Tech Mahindra (GREY:TCHQY) 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.

Tech Mahindra's Interest Expense for the three months ended in Jun. 2024 was $-8.57 Mil. Its Operating Income for the three months ended in Jun. 2024 was $132.08 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $0.00 Mil.

Tech Mahindra'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	*	132.075	/	-8.567
	=	15.42

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. Tech Mahindra Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Tech Mahindra Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tech Mahindra Ltd (GREY:TCHQY) » Definitions » Interest Expense

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TECHM:India 532755:India

Address

Plot No. 1, Phase III, Rajiv Gandhi Infotech Park, Hinjewadi, Pune, MH, IND, 411 057

Website

https://www.techmahindra.com

Tech Mahindra Ltd is an IT services and consulting company in India. It offers a variety of technology solutions and services in addition to business process services. Its segments are Information Technology and Business Processing Outsourcing. The technology solutions include helping companies engage in cloud software, mobile solutions, network services, cybersecurity, and a variety of other options. The business process service is offered across various industries including telecom, financial services, retail, energy, hospitality, high-tech, agriculture, and food beverage. The company's approach includes cost reduction, process optimization, and ownership through automation and productivity improvements. Tech Mahindra generates approximately half of its revenue from the United States.

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