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L&T Technology Services (NSE:LTTS) Interest Expense : ₹-509 Mil (TTM As of Mar. 2024)


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What is L&T Technology Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. L&T Technology Services's interest expense for the three months ended in Mar. 2024 was ₹ -132 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-509 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. L&T Technology Services's Operating Income for the three months ended in Mar. 2024 was ₹ 4,780 Mil. L&T Technology Services's Interest Expense for the three months ended in Mar. 2024 was ₹ -132 Mil. L&T Technology Services's Interest Coverage for the quarter that ended in Mar. 2024 was 36.21. 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.

L&T Technology Services Interest Expense Historical Data

The historical data trend for L&T Technology 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.

L&T Technology Services Interest Expense Chart

L&T Technology Services 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 -365.00 -455.00 -437.00 -444.00 -509.00

L&T Technology Services 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 -114.00 -120.00 -126.00 -131.00 -132.00

L&T Technology 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 ₹-509 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.

L&T Technology Services  (NSE:LTTS) 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.

L&T Technology Services's Interest Expense for the three months ended in Mar. 2024 was ₹-132 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹4,780 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹5,195 Mil.

L&T Technology 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*4780/-132
=36.21

* 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.

L&T Technology Services (NSE:LTTS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » L&T Technology Services Ltd (NSE:LTTS) » Definitions » Interest Expense
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Traded in Other Exchanges
540115:India
Address
National Highway No. 8, Ajwa Waghodia Crossing, 5th Floor, West Block-II, L&T Knowledge City (IT/ITES) SEZ, Vadodara, GJ, IND, 390 019
Website
https://www.ltts.com
L&T Technology Services Ltd is a provider of engineering and research services in connection to embedded systems and other engineering support services. The company's operating segments include Transportation; Industrial Products; Telecom and Hi-tech; Plant Engineering and Medical Devices. It generates maximum revenue from the Transportation segment. The transportation segment offers engineering services and solutions to the transportation industry, which includes OEM and Tier 1 suppliers in the automotive, trucks and off-highway vehicles, aerospace, and rail industries. Geographically, it derives a majority of its revenue from North America.

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