Persistent Systems (NSE:PERSISTENT) Interest Expense : ₹-398 Mil (TTM As of Mar. 2024)

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What is Persistent Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Persistent Systems's interest expense for the three months ended in Mar. 2024 was ₹ -97 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-398 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. Persistent Systems's Operating Income for the three months ended in Mar. 2024 was ₹ 3,744 Mil. Persistent Systems's Interest Expense for the three months ended in Mar. 2024 was ₹ -97 Mil. Persistent Systems's Interest Coverage for the quarter that ended in Mar. 2024 was 38.46. 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.

Persistent Systems Interest Expense Historical Data

The historical data trend for Persistent Systems'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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Persistent Systems Interest Expense Chart

Persistent Systems Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-63.32

-57.94

-118.35

-473.40

-467.27

Persistent Systems 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															-148.31	-57.13	-122.83	-121.12	-97.35

Persistent Systems 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 ₹-398 Mil.

Persistent Systems (NSE:PERSISTENT) 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.

Persistent Systems's Interest Expense for the three months ended in Mar. 2024 was ₹-97 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹3,744 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,707 Mil.

Persistent Systems'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	*	3744.44	/	-97.35
	=	38.46

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

Persistent Systems (NSE:PERSISTENT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Persistent Systems Ltd (NSE:PERSISTENT) » Definitions » Interest Expense

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533179:India

Address

402 Senapati Bapat Road, Bhageerath, Pune, MH, IND, 411 016

Website

https://www.persistent.com

Persistent Systems Ltd is an India-based provider of software solution organized in three segments based on end market: Software, Hi-Tech and Emerging Industries; Banking, Financial Services and Insurance; and Healthcare and Life Sciences. Its solutions include cloud life cycle management, Internet of Things, unified endpoint management, endpoint detection and response, and Big Data analytics. The firm also offers product engineering services, platform-based cloud solutions, and Internet Protocol-based products. Most of the firm's revenue gets derived from the Software, Hi-Tech and Emerging Industries segment.

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