Aarvi Encon (NSE:AARVI) Interest Expense : ₹-15 Mil (TTM As of Mar. 2024)

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What is Aarvi Encon Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aarvi Encon's interest expense for the three months ended in Mar. 2024 was ₹ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-15 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. Aarvi Encon's Operating Income for the three months ended in Mar. 2024 was ₹ 26 Mil. Aarvi Encon's Interest Expense for the three months ended in Mar. 2024 was ₹ -4 Mil. Aarvi Encon's Interest Coverage for the quarter that ended in Mar. 2024 was 6.34. 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.

Aarvi Encon Interest Expense Historical Data

The historical data trend for Aarvi Encon'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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Aarvi Encon Interest Expense Chart

Aarvi Encon Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-16.01

-5.67

-7.31

-17.59

-14.68

Aarvi Encon 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															-4.64	-3.11	-3.48	-3.93	-4.15

Aarvi Encon 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 ₹-15 Mil.

Aarvi Encon (NSE:AARVI) 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.

Aarvi Encon's Interest Expense for the three months ended in Mar. 2024 was ₹-4 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0 Mil.

Aarvi Encon'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	*	26.32	/	-4.153
	=	6.34

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

Aarvi Encon (NSE:AARVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aarvi Encon Ltd (NSE:AARVI) » Definitions » Interest Expense

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Address

G.K. Road, Marathon Innova, B1 Wing, 603, Marathon NextGen Complex, Opposite Peninsula Corporate Park, Lower Parel (West), Mumbai, MH, IND, 400013

Website

https://www.aarviencon.com

Aarvi Encon Ltd is a technical manpower outsourcing company providing Staffing solutions to companies in different sectors. Its services include Information Technology Staffing, Manpower Outsourcing, Manpower Deputation, Project Management, Construction Supervision, and Inspection Services, among others. The company caters its services to industries such as Oil and Gas, Engineering, Metals and Minerals, Fertilizer, Telecom, Pipeline, Infrastructure, and others. Geographically, it generates the majority of the revenue from India.

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