Debt comes down significantly
ExlService Holdings, Inc. has recorded a decline in total debt over the last one year. It stood at $45.53 million as on Dec. 31, 2016, down 35.56 percent or $25.13 million from $70.66 million on Dec. 31, 2015. Total debt was 6.44 percent of total assets as on Dec. 31, 2016, compared with 10.86 percent on Dec. 31, 2015. Debt to equity ratio was at 0.09 as on Dec. 31, 2016, down from 0.15 as on Dec. 31, 2015. Interest coverage ratio deteriorated to 44.30 for the quarter from 50.36 for the same period last year.