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Zaggle Prepaid Ocean Services (BOM:543985) Interest Expense : ₹-93 Mil (TTM As of Mar. 2024)


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What is Zaggle Prepaid Ocean Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zaggle Prepaid Ocean Services's interest expense for the three months ended in Mar. 2024 was ₹ -38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-93 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. Zaggle Prepaid Ocean Services's Operating Income for the three months ended in Mar. 2024 was ₹ 251 Mil. Zaggle Prepaid Ocean Services's Interest Expense for the three months ended in Mar. 2024 was ₹ -38 Mil. Zaggle Prepaid Ocean Services's Interest Coverage for the quarter that ended in Mar. 2024 was 6.62. 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.

Zaggle Prepaid Ocean Services Interest Expense Historical Data

The historical data trend for Zaggle Prepaid Ocean Services'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.

Zaggle Prepaid Ocean Services Interest Expense Chart

Zaggle Prepaid Ocean Services Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
-44.83 -42.23 -33.70 -113.77 -137.17

Zaggle Prepaid Ocean Services Quarterly Data
Mar20 Mar21 Mar22 Jun22 Sep22 Mar23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only -14.32 - -33.71 -21.43 -37.90

Zaggle Prepaid Ocean Services 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 ₹-93 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.

Zaggle Prepaid Ocean Services  (BOM:543985) 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.

Zaggle Prepaid Ocean Services's Interest Expense for the three months ended in Mar. 2024 was ₹-38 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹251 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹242 Mil.

Zaggle Prepaid Ocean Services'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*250.72/-37.9
=6.62

* 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.

Zaggle Prepaid Ocean Services (BOM:543985) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Zaggle Prepaid Ocean Services Ltd (BOM:543985) » Definitions » Interest Expense
Comparable Companies
BOM:532668 BOM:543451 NSE:E2E BOM:543931 NSE:SYSTANGO BOM:532326 BOM:530175 NSE:TRIDHYA NSE:GSTL BOM:543938 MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SQ
Traded in Other Exchanges
ZAGGLE:India
Address
Yadav Nagar, Boomerang Building, Ground Floor, B-1004, Chandivali, Powai, Mumbai, MH, IND, 400072
Website
https://www.zaggle.in
Zaggle Prepaid Ocean Services Ltd is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in a segment where it interacts and interfaces with its Customers and end Users and is among a small number of uniquely positioned players with a diversified offering of financial technology (fintech) products and services, having one of the largest number of issued prepaid cards in India in partnership with certain of its banking partners. It has a diversified portfolio of software as a service (SaaS), including tax and payroll software, and a wide touchpoint reach.

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