KPIT Technologies (BOM:542651) Interest Expense : ₹-548 Mil (TTM As of Mar. 2024)

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What is KPIT Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. KPIT Technologies's interest expense for the three months ended in Mar. 2024 was ₹ -118 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-548 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. KPIT Technologies's Operating Income for the three months ended in Mar. 2024 was ₹ 2,202 Mil. KPIT Technologies's Interest Expense for the three months ended in Mar. 2024 was ₹ -118 Mil. KPIT Technologies's Interest Coverage for the quarter that ended in Mar. 2024 was 18.67. 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.

KPIT Technologies Interest Expense Historical Data

The historical data trend for KPIT 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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KPIT Technologies Interest Expense Chart

KPIT Technologies Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-168.77

-172.53

-193.95

-323.13

-548.25

KPIT Technologies 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															-106.57	-137.10	-135.70	-157.51	-117.94

KPIT 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 ₹-548 Mil.

KPIT Technologies (BOM:542651) 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.

KPIT Technologies's Interest Expense for the three months ended in Mar. 2024 was ₹-118 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹2,202 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹2,168 Mil.

KPIT Technologies'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	*	2201.78	/	-117.94
	=	18.67

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

KPIT Technologies (BOM:542651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » KPIT Technologies Ltd (BOM:542651) » Definitions » Interest Expense

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KPITTECH:India

Address

Plot No. 17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Taluka- Mulshi, Hinjawadi, Pune, MH, IND, 411057

Website

https://www.kpit.com

KPIT Technologies Ltd is a global technology company specializing in providing IT Consulting and Product Engineering solutions and services to Automotive, Manufacturing, Energy, and Utilities companies. The Company derives revenues primarily from providing engineering services which includes design engineering services, embedded software development with its related services and from the sale of licenses and products. Geographically, it derives a majority of revenue from the Americas.

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