Zoomcar Holdings (Zoomcar Holdings) Interest Expense : $-1.42 Mil (TTM As of Dec. 2023)

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What is Zoomcar Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zoomcar Holdings's interest expense for the three months ended in Dec. 2023 was $ -0.92 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.42 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. Zoomcar Holdings's Operating Income for the three months ended in Dec. 2023 was $ -11.68 Mil. Zoomcar Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -0.92 Mil. Zoomcar Holdings did not have earnings to cover the interest expense. 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.

Zoomcar Holdings Interest Expense Historical Data

The historical data trend for Zoomcar 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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Zoomcar Holdings Interest Expense Chart

Zoomcar Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Interest Expense

-9.63

-2.92

-1.63

Zoomcar Holdings Quarterly Data
	Mar21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial			-0.54	-0.51	-0.20	-0.30	-0.92

Zoomcar 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.42 Mil.

Zoomcar Holdings (NAS:ZCAR) 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.

Zoomcar Holdings's Interest Expense for the three months ended in Dec. 2023 was $-0.92 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-11.68 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $16.87 Mil.

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

Zoomcar Holdings did not have earnings to cover the interest expense.

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

Zoomcar Holdings (Zoomcar Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zoomcar Holdings Inc (NAS:ZCAR) » Definitions » Interest Expense

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Traded in Other Exchanges

EO3:Germany

Address

HAL Old Airport Road, No.147, 1st Floor, ISRO Colony, Anjaneya Techno Park, Kodihalli, Bangalore, KA, IND, 560008

Website

https://www.zoomcar.com

Zoomcar Holdings Inc is India's largest marketplace for cars on rent. Zoomcar is a leading emerging-market-focused peer-to-peer car-sharing marketplace, with approximately 21,000 vehicles registered through its platform. The Company derives its revenue principally from short-term self-drive rentals and vehicle subscriptions. The self-drive rental business generates the majority of revenue. Geographically The company operates in India, Egypt, Indonesia, Vietnam, and the Philippines, Out of which the majority of revenue is derived from India.