Primech Holdings (Primech Holdings) Interest Expense : $-0.98 Mil (TTM As of Sep. 2023)

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What is Primech Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Primech Holdings's interest expense for the six months ended in Sep. 2023 was $ -0.52 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.98 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. Primech Holdings's Operating Income for the six months ended in Sep. 2023 was $ 0.31 Mil. Primech Holdings's Interest Expense for the six months ended in Sep. 2023 was $ -0.52 Mil. Primech Holdings's Interest Coverage for the quarter that ended in Sep. 2023 was 0.59. 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.

Primech Holdings Interest Expense Historical Data

The historical data trend for Primech Holdings'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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Primech Holdings Interest Expense Chart

Primech Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Interest Expense

-0.24

-0.20

-0.37

-0.72

Primech Holdings Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial			-0.18	-0.19	-0.27	-0.46	-0.52

Primech Holdings 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.98 Mil.

Primech Holdings (NAS:PMEC) 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.

Primech Holdings's Interest Expense for the six months ended in Sep. 2023 was $-0.52 Mil. Its Operating Income for the six months ended in Sep. 2023 was $0.31 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was $7.70 Mil.

Primech Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	0.305	/	-0.521
	=	0.59

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

Primech Holdings (Primech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Primech Holdings Ltd (NAS:PMEC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Ubi Crescent, Singapore, SGP, 408579

Website

https://www.primechholdings.com

Primech Holdings Ltd is a technology-driven facilities services provider in the public and private sectors operating mainly in Singapore. The services offered by the company include Facilities services, Stewarding services, Cleaning services to offices, Cleaning services to homes, and Cleaning Supplies.

Primech Holdings (Primech Holdings) Headlines

From GuruFocus

PRIMECH HOLDINGS LTD. Announces Pricing of US12.2 Million Initial Public Offering

By Marketwired • 10-10-2023

PRIMECH HOLDINGS LTD. Announces Pricing of US12.2 Million Initial Public Offering

By GlobeNewswire • 10-10-2023