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3i Infotech (BOM:532628) Interest Expense : ₹-101 Mil (TTM As of Mar. 2024)


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What is 3i Infotech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. 3i Infotech's interest expense for the three months ended in Mar. 2024 was ₹ -24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-101 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. 3i Infotech's Operating Income for the three months ended in Mar. 2024 was ₹ -254 Mil. 3i Infotech's Interest Expense for the three months ended in Mar. 2024 was ₹ -24 Mil. 3i Infotech did not have earnings to cover the interest expense. 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.

3i Infotech Interest Expense Historical Data

The historical data trend for 3i Infotech'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.

3i Infotech Interest Expense Chart

3i Infotech Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -830.90 -775.70 -54.90 -92.90 -100.90

3i Infotech 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -25.60 -23.60 -26.50 -27.20 -23.60

3i Infotech 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 ₹-101 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.

3i Infotech  (BOM:532628) 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.

3i Infotech's Interest Expense for the three months ended in Mar. 2024 was ₹-24 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-254 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹276 Mil.

3i Infotech's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

3i Infotech did not have earnings to cover the interest expense.

* 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.

3i Infotech (BOM:532628) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » 3i Infotech Ltd (BOM:532628) » Definitions » Interest Expense
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Traded in Other Exchanges
3IINFOLTD:India
Address
International Infotech Park, Tower No. 5, 3rd to 6th Floors, Vashi, Navi Mumbai, MH, IND, 400703
Website
https://www.3i-infotech.com
3i Infotech Ltd is an information technology company. It provides a set of Internet protocol (IP)-based software solutions with a range of IT services. The firm operates through two segments: IT Solutions and Transaction Services. The IT Solutions segment includes the sale of IT products developed by the company and provides IT services to various companies on an outsourcing business model. It includes packaged applications for the banking, insurance, capital markets, asset and wealth management (BFSI) space, and an enterprise resource planning (ERP) suite. The Transaction Services segment covers the management of back-office operations for BFSI clients. Through transaction service offerings, the firm provides clients with services, such as human resources and payroll management services.

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