SecUR Credentials (NSE:SECURCRED) Interest Expense : ₹-27.7 Mil (TTM As of Dec. 2023)

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What is SecUR Credentials Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SecUR Credentials's interest expense for the three months ended in Dec. 2023 was ₹ -6.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-27.7 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. SecUR Credentials's Operating Income for the three months ended in Dec. 2023 was ₹ 5.0 Mil. SecUR Credentials's Interest Expense for the three months ended in Dec. 2023 was ₹ -6.1 Mil. SecUR Credentials's Interest Coverage for the quarter that ended in Dec. 2023 was 0.83. 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.

SecUR Credentials Interest Expense Historical Data

The historical data trend for SecUR Credentials'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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SecUR Credentials Interest Expense Chart

SecUR Credentials Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-15.45

-37.65

-40.84

-27.58

-28.94

SecUR Credentials Quarterly Data
	Mar17	Jun17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-5.94	-9.42	-5.47	-6.74	-6.05

SecUR Credentials 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-27.7 Mil.

SecUR Credentials (NSE:SECURCRED) 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.

SecUR Credentials's Interest Expense for the three months ended in Dec. 2023 was ₹-6.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹5.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.0 Mil.

SecUR Credentials's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	5.048	/	-6.05
	=	0.83

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

SecUR Credentials (NSE:SECURCRED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SecUR Credentials Ltd (NSE:SECURCRED) » Definitions » Interest Expense

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543625:India

Address

8th Floor, A Wing, Prism Tower, Mindspace, Malad West, Mumbai, MH, IND, 400064

Website

https://www.secur.co.in

SecUR Credentials Ltd is an India-based company that engages in employee background verification and job seeker resume verification-SecUR number. The company does education, employment, criminal, identity, database and media, residential reference, credit checks, drug tests, and psychometric tests. It also offers employees background screening, onboarding process, exit management, and employee support services for corporates.

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