Jet Freight Logistics (NSE:JETFREIGHT) Interest Expense : ₹-52 Mil (TTM As of Dec. 2023)

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What is Jet Freight Logistics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jet Freight Logistics's interest expense for the three months ended in Dec. 2023 was ₹ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-52 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. Jet Freight Logistics's Operating Income for the three months ended in Dec. 2023 was ₹ 24 Mil. Jet Freight Logistics's Interest Expense for the three months ended in Dec. 2023 was ₹ -14 Mil. Jet Freight Logistics's Interest Coverage for the quarter that ended in Dec. 2023 was 1.70. 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.

Jet Freight Logistics Interest Expense Historical Data

The historical data trend for Jet Freight Logistics'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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Jet Freight Logistics Interest Expense Chart

Jet Freight Logistics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-35.87

-44.53

-40.03

-37.73

-48.57

Jet Freight Logistics Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-13.14	-10.07	-14.44	-13.42	-13.93

Jet Freight Logistics 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 ₹-52 Mil.

Jet Freight Logistics (NSE:JETFREIGHT) 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.

Jet Freight Logistics's Interest Expense for the three months ended in Dec. 2023 was ₹-14 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹24 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Jet Freight Logistics'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	*	23.627	/	-13.934
	=	1.70

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

Jet Freight Logistics (NSE:JETFREIGHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jet Freight Logistics Ltd (NSE:JETFREIGHT) » Definitions » Interest Expense

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543420:India

Address

Cardinal Gracious Road, Opposite P&G Corporate Park, Pramukh Plaza, 706, C wing, 7th Floor, Opposite Holy Family Church, Chakala, Andheri East, Mumbai, MH, IND, 400099

Website

https://www.jfll.com

Jet Freight Logistics Ltd is engaged in the business of freight Forwarding for handling Perishable, General, and time-sensitive cargo and handling general and other kinds of cargo. The Company is offering a wide range of Supply Chain services such as Air Cargo Door-to-Door (Air Cargo DTD) services, Surface Parcel Delivery (SPD) Services to its customers, and Third Party Warehousing. Jet freight logistics offers a wide variety of services to its clients. Apart from Perishable, Time Sensitive, and General Cargo, the Company's service includes custom Clearance, Logistics Solutions, Shipment of Hazardous cargo, and ODC consignments. The Company operates in a single segment.

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