Gujarat Mineral Development (NSE:GMDCLTD) Interest Expense : ₹-29 Mil (TTM As of Mar. 2024)

Gujarat Mineral Development Interest Expense Chart

Gujarat Mineral Development Annual Data
	Trend	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Mar24
Interest Expense		Get a 7-Day Free Trial					-18.73	-19.64	-32.97	-23.85	-29.24

Gujarat Mineral Development Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															4.77	-5.64	-5.64	-5.64	-12.32

Gujarat Mineral Development 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-29 Mil.

* 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.

Gujarat Mineral Development  (NSE:GMDCLTD) 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.

Gujarat Mineral Development's Interest Expense for the three months ended in Mar. 2024 was ₹-12 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹1,843 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹28 Mil.

Gujarat Mineral Development's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

* 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.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Gujarat Mineral Development Corp Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Gujarat Mineral Development (NSE:GMDCLTD) Business Description