Globesecure Technologies (NSE:GSTL) Interest Expense : ₹-6.9 Mil (TTM As of Sep. 2023)

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What is Globesecure Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Globesecure Technologies's interest expense for the six months ended in Sep. 2023 was ₹ -4.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-6.9 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. Globesecure Technologies's Operating Income for the six months ended in Sep. 2023 was ₹ 7.5 Mil. Globesecure Technologies's Interest Expense for the six months ended in Sep. 2023 was ₹ -4.4 Mil. Globesecure Technologies's Interest Coverage for the quarter that ended in Sep. 2023 was 1.72. 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.

Globesecure Technologies Interest Expense Historical Data

The historical data trend for Globesecure Technologies'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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Globesecure Technologies Interest Expense Chart

Globesecure Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

-5.83

-9.09

-7.55

-6.76

-6.61

Globesecure Technologies Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial			-3.96	-2.80	-4.09	-2.52	-4.37

Globesecure Technologies 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-6.9 Mil.

Globesecure Technologies (NSE:GSTL) 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.

Globesecure Technologies's Interest Expense for the six months ended in Sep. 2023 was ₹-4.4 Mil. Its Operating Income for the six months ended in Sep. 2023 was ₹7.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was ₹32.4 Mil.

Globesecure Technologies's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	7.528	/	-4.374
	=	1.72

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

Globesecure Technologies (NSE:GSTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Globesecure Technologies Ltd (NSE:GSTL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

B-614, 215 Atrium, Kanakia Spacs, Near Courtyard Marriott Hotel, Andheri (East), Mumbai, MH, IND, 400069

Website

https://www.globesecure.in

Globesecure Technologies Ltd is a digital transformation company in India that offers cyber security services. The company's business line is classified into three divisions namely Cyber Security, Integrated Enterprise Solutions, and Managed Services including cyber forensics, cyber security, data security services, protection of computer networks, Email security, server consolidation and transformation, hosting, infrastructure-as-a-service, cloud-based big data and analytics solution, application modernization and others. The company generates its revenue from Sales of IT and IT-enabled services.

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