Globe Telecom (PHS:GLO) Interest Expense : ₱-12,080 Mil (TTM As of Mar. 2024)

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What is Globe Telecom Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Globe Telecom's interest expense for the three months ended in Mar. 2024 was ₱ -3,158 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₱-12,080 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. Globe Telecom's Operating Income for the three months ended in Mar. 2024 was ₱ 9,945 Mil. Globe Telecom's Interest Expense for the three months ended in Mar. 2024 was ₱ -3,158 Mil. Globe Telecom's Interest Coverage for the quarter that ended in Mar. 2024 was 3.15. 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.

Globe Telecom Interest Expense Historical Data

The historical data trend for Globe Telecom'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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Globe Telecom Interest Expense Chart

Globe Telecom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-6,209.87

-6,053.03

-6,933.13

-8,553.46

-11,590.84

Globe Telecom 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															-2,668.61	-2,712.76	-3,028.85	-3,180.62	-3,157.96

Globe Telecom 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 ₱-12,080 Mil.

Globe Telecom (PHS:GLO) 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.

Globe Telecom's Interest Expense for the three months ended in Mar. 2024 was ₱-3,158 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₱9,945 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₱293,217 Mil.

Globe Telecom's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	9944.568	/	-3157.962
	=	3.15

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Globe Telecom Inc interest coverage is 3.42, which is low.

Globe Telecom (PHS:GLO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Globe Telecom Inc (PHS:GLO) » Definitions » Interest Expense

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GTMEY:USA

Address

32nd Street Corner 7th Avenue, 27th Floor, The Globe Tower, Bonifacio Global City, Taguig, PHL, 1634

Website

https://www.globe.com.ph

Globe Telecom Inc is a telecommunications company that provides mobile, voice, and broadband services. Its operating segments are Mobile Business, Fixed Line and Broadband Business. Mobile involves traditional mobile services and contributes the majority of company revenue. Within the mobile division, the majority of subscribers are considered prepaid customers. The other division, fixed-line and broadband, provides fixed-line voice services, corporate data, and Internet for its customers. The company generates the vast majority of its revenue in the Philippines.