Gujarat Cotex (BOM:514386) Interest Expense : ₹-0.1 Mil (TTM As of Dec. 2023)

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What is Gujarat Cotex Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gujarat Cotex's interest expense for the three months ended in Dec. 2023 was ₹ -0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-0.1 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. Gujarat Cotex's Operating Income for the three months ended in Dec. 2023 was ₹ 0.9 Mil. Gujarat Cotex's Interest Expense for the three months ended in Dec. 2023 was ₹ -0.0 Mil. Gujarat Cotex's Interest Coverage for the quarter that ended in Dec. 2023 was 89.40. 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.

Gujarat Cotex Interest Expense Historical Data

The historical data trend for Gujarat Cotex'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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Gujarat Cotex Interest Expense Chart

Gujarat Cotex Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.11

-0.17

-0.13

-0.08

Gujarat Cotex 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															-0.02	-0.02	-0.01	-0.01	-0.01

Gujarat Cotex 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 ₹-0.1 Mil.

Gujarat Cotex (BOM:514386) 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 Cotex's Interest Expense for the three months ended in Dec. 2023 was ₹-0.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹0.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.0 Mil.

Gujarat Cotex'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	*	0.894	/	-0.01
	=	89.40

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

Gujarat Cotex (BOM:514386) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gujarat Cotex Ltd (BOM:514386) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

2007, Shankar plaza, Nanpura, Timaliyawad, Surat, GJ, IND, 395001

Website

http://www.gujcotex.com

Gujarat Cotex Ltd is an India-based company engaged in the trading of textile fabrics and trading in plots or land during the year. The company operates in single segment only the wholesale Trading in fabrics. In addition, it is involved in the manufacturing, bleaching, weaving, printing, and selling of all types of clothes and other related materials. The company caters to domestic markets.

Gujarat Cotex (BOM:514386) Headlines

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