PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Interest Expense : Rp-30,015 Mil (TTM As of Dec. 2023)

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What is PT Gowa Makassar Tourism Development Tbk Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PT Gowa Makassar Tourism Development Tbk's interest expense for the three months ended in Dec. 2023 was Rp -5,502 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was Rp-30,015 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. PT Gowa Makassar Tourism Development Tbk's Operating Income for the three months ended in Dec. 2023 was Rp 51,690 Mil. PT Gowa Makassar Tourism Development Tbk's Interest Expense for the three months ended in Dec. 2023 was Rp -5,502 Mil. PT Gowa Makassar Tourism Development Tbk's Interest Coverage for the quarter that ended in Dec. 2023 was 9.40. 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.

PT Gowa Makassar Tourism Development Tbk Interest Expense Historical Data

The historical data trend for PT Gowa Makassar Tourism Development Tbk'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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PT Gowa Makassar Tourism Development Tbk Interest Expense Chart

PT Gowa Makassar Tourism Development Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-8,835.62

-8,434.21

-22,442.98

-34,165.24

-30,014.97

PT Gowa Makassar Tourism Development Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-9,538.84	-6,899.05	-8,863.29	-8,751.03	-5,501.61

PT Gowa Makassar Tourism Development Tbk 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 Rp-30,015 Mil.

PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) 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.

PT Gowa Makassar Tourism Development Tbk's Interest Expense for the three months ended in Dec. 2023 was Rp-5,502 Mil. Its Operating Income for the three months ended in Dec. 2023 was Rp51,690 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was Rp0 Mil.

PT Gowa Makassar Tourism Development Tbk's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	51690.271	/	-5501.608
	=	9.40

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

PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) » Definitions » Interest Expense

Comparable Companies

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Traded in Other Exchanges

N/A

Address

Jalan Metro Tanjung Bunga Mall GTC, GA-9 No. 1B, Tanjung Bunga, Sulawesi Selatan, Makassar, IDN, 90134

Website

https://www.tanjungbunga.com

PT Gowa Makassar Tourism Development Tbk engages in property development and investment business. It is involved in the development of residential estates, apartments, condominiums, hotels, recreational facilities, commercial complexes, real estate, and other supporting facilities. It classifies its business activities into two business segments, the Core segment which consists of sales of residential houses, shop houses, and ready-to-build land, and a supporting segment consisting of Akkarena tourism area management and urban management. Its projects include Residential and Commercial. Its organization is based in Indonesia and the majority of its revenues are derived from the real estate business.

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