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Tata Technologies (BOM:544028) Interest Expense : ₹-94 Mil (TTM As of Mar. 2024)


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What is Tata Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tata Technologies's interest expense for the three months ended in Mar. 2024 was ₹ -44 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-94 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. Tata Technologies's Operating Income for the three months ended in Mar. 2024 was ₹ 2,142 Mil. Tata Technologies's Interest Expense for the three months ended in Mar. 2024 was ₹ -44 Mil. Tata Technologies's Interest Coverage for the quarter that ended in Mar. 2024 was 49.13. 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.

Tata Technologies Interest Expense Historical Data

The historical data trend for Tata 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.

* Premium members only.

Tata Technologies Interest Expense Chart

Tata Technologies Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
-156.43 -176.56 -218.98 -179.80 -189.10

Tata Technologies Quarterly Data
Mar20 Mar21 Dec21 Mar22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only -53.60 -45.30 - -50.80 -43.60

Tata 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 ₹-94 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.

Tata Technologies  (BOM:544028) 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.

Tata Technologies's Interest Expense for the three months ended in Mar. 2024 was ₹-44 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹2,142 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹2,050 Mil.

Tata 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*2141.9/-43.6
=49.13

* 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.

Tata Technologies (BOM:544028) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Tata Technologies Ltd (BOM:544028) » Definitions » Interest Expense
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TATATECH:India
Address
Plot No. 25, Rajiv Gandhi Infotech Park, Hinjawadi, Pune, MH, IND, 411 057
Website
https://www.tatatechnologies.com/in
Tata Technologies Ltd is a engineering services company offering product development and digital solutions, including turnkey solutions, to original equipment manufacturers (OEMs) and their tier-1 suppliers. It endeavors to create value for its clients by helping them develop safer products, and cleaner and improve the quality of life for their end-customers. It has deep domain expertise in the automotive industry and leverages this expertise to serve its clients in adjacent industries, such as aerospace and transportation and construction heavy machinery. As an organization, it brings together diverse teams from different parts of the world with multiple skill sets to collaborate in real time and solve complex engineering problems for its clients.

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