Avance Technologies (BOM:512149) Interest Expense : ₹-0 Mil (TTM As of Mar. 2024)

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What is Avance Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Avance Technologies's interest expense for the three months ended in Mar. 2024 was ₹ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 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. Avance Technologies's Operating Income for the three months ended in Mar. 2024 was ₹ -3 Mil. Avance Technologies's Interest Expense for the three months ended in Mar. 2024 was ₹ 0 Mil. Avance Technologies has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Avance Technologies Interest Expense Historical Data

The historical data trend for Avance Technologies'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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Avance Technologies Interest Expense Chart

Avance Technologies Annual Data

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Interest Expense

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Avance Technologies Quarterly Data
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Avance Technologies 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 ₹-0 Mil.

Avance Technologies (BOM:512149) 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.

Avance Technologies's Interest Expense for the three months ended in Mar. 2024 was ₹0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0 Mil.

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

Avance Technologies had no long-term debt ⁽¹⁾.

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

Good Sign:

Avance Technologies Ltd has no debt.

Avance Technologies (BOM:512149) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Avance Technologies Ltd (BOM:512149) » Definitions » Interest Expense

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Address

Office No. 226/227, Second Floor, Majestic Center, 144 Opera House, Mumbai, MH, IND, 400002

Website

https://www.avance.in

Avance Technologies Ltd is engaged in the trading of information technology software products. The company's principal activities include software and hardware resale. Its products and services include short code services, enterprises mobile marketing, mobile marketing solution suit, electronic mail, and web integration, ad insertion program, wireless application protocol, mobile coupons page elements, OBD and IBD, e-mail marketing, call conferencing platform, and subscriber management platform. The firm generates revenue from the sale of IT products.

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