Infosys Interest expense on Income Statement

Fundamental Analysis
1

So I was checking out Infosys Income statement and I saw they are paying 24,000 as interest expense and it’s just 0.9% of income so I searched how much debt does Infosys have and I saw this on their website-

6) Does the company have debt in its balance sheet?
Infosys is a debt-free company. It doesn’t have any outstanding debt or fixed deposits. The company presently generates sufficient cash internally to finance all its operational, financing and investment requirements.

So what does interest expense mean on their balance sheet if they doesn’t have any debt?

2

Interest expense is a non- operating expense shown on the income statement . It represents interest payable on any borrowings – bonds, loans, convertible debt or lines of credit

3

Hi @sachin_dubey

Where are you seeing the 24k interest?

I looked at the 2019-20 P&L and the finance cost is just 114. Am I missing something?

Thx,
Neha
(vrdnation.com)

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4

I think they are referring to Infosys Limited American Depositary Shares listed on Nasdaq. In its latest income statement, there is a mention of the figure of 24,000 under Interest Expense’s head

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