Syntel (Syntel) Interest Expense : $-10.7 Mil (TTM As of Jun. 2018)

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What is Syntel Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Syntel's interest expense for the three months ended in Jun. 2018 was $ -2.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2018 was $-10.7 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. Syntel's Operating Income for the three months ended in Jun. 2018 was $ 57.0 Mil. Syntel's Interest Expense for the three months ended in Jun. 2018 was $ -2.2 Mil. Syntel's Interest Coverage for the quarter that ended in Jun. 2018 was 25.99. 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.

Syntel Interest Expense Historical Data

The historical data trend for Syntel'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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Syntel Interest Expense Chart

Syntel Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

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Dec15

Dec16

Dec17

Interest Expense

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-2.28

-2.22

-4.71

-12.63

Syntel Quarterly Data
	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18
Interest Expense	Get a 7-Day Free Trial															-3.22	-3.04	-2.99	-2.43	-2.19

Syntel 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 Jun. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-10.7 Mil.

Syntel (NAS:SYNT) 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.

Syntel's Interest Expense for the three months ended in Jun. 2018 was $-2.2 Mil. Its Operating Income for the three months ended in Jun. 2018 was $57.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2018 was $239.5 Mil.

Syntel's Interest Coverage for the quarter that ended in Jun. 2018 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2018 )	/	Interest Expense (Q: Jun. 2018 )
	=	-1	*	56.995	/	-2.193
	=	25.99

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

Syntel (Syntel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Syntel Inc (NAS:SYNT) » Definitions » Interest Expense

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Address

Website

http://www.syntelinc.com

Syntel is a global provider of digital transformation, information technology, and knowledge process. The company earns approximately half of its revenue from customers in the banking and financial services industry. Syntel provides a broad range of technology solutions to its customers, including managed IT services, digital one, and KPO services. Managed services provides complete software applications development, maintenance, digital modernization, IT infrastructure, cloud, and migration services. Syntel's Digital One service line provides a range of consulting and implementation services built around enterprise architecture, data warehousing and business intelligence, enterprise application integration, web and mobile applications, and "Internet of Things".

Executives

Bharat Desai	director, 10 percent owner, officer: Co-Chairman	2800, SUITE 300, BLOOMFIELD MI 48304
Neerja Sethi	director, 10 percent owner	2800, SUITE 300, BLOOMFIELD MI 48304
Prashant Ranade	director, officer: Co-Chairman	507 PLYMOUTH AVENUE, NE, GRAND RAPIDS MI 49505
Mrkonic George R Jr	director	C/O BORDERS GROUP INC, 100 PHOENIX DRIVE, ANN ARBOR MI 48108