Garden Reach Shipbuilders & Engineers (BOM:542011) Interest Expense : ₹-123 Mil (TTM As of Dec. 2023)

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What is Garden Reach Shipbuilders & Engineers Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Garden Reach Shipbuilders & Engineers's interest expense for the three months ended in Dec. 2023 was ₹ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-123 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. Garden Reach Shipbuilders & Engineers's Operating Income for the three months ended in Dec. 2023 was ₹ 383 Mil. Garden Reach Shipbuilders & Engineers's Interest Expense for the three months ended in Dec. 2023 was ₹ -11 Mil. Garden Reach Shipbuilders & Engineers's Interest Coverage for the quarter that ended in Dec. 2023 was 34.03. 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.

Garden Reach Shipbuilders & Engineers Interest Expense Historical Data

The historical data trend for Garden Reach Shipbuilders & Engineers'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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Garden Reach Shipbuilders & Engineers Interest Expense Chart

Garden Reach Shipbuilders & Engineers Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-15.25

-12.81

-6.82

-14.29

-64.81

Garden Reach Shipbuilders & Engineers 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															-12.72	-40.43	-46.31	-24.77	-11.25

Garden Reach Shipbuilders & Engineers 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 ₹-123 Mil.

Garden Reach Shipbuilders & Engineers (BOM:542011) 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.

Garden Reach Shipbuilders & Engineers's Interest Expense for the three months ended in Dec. 2023 was ₹-11 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹383 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Garden Reach Shipbuilders & Engineers'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	*	382.824	/	-11.251
	=	34.03

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

Garden Reach Shipbuilders & Engineers (BOM:542011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Garden Reach Shipbuilders & Engineers Ltd (BOM:542011) » Definitions » Interest Expense

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GRSE:India

Address

61, Garden Reach Road, GRSE Bhavan, Kolkata, WB, IND, 700 024

Website

http://www.grse.in

Garden Reach Shipbuilders & Engineers Ltd is an India based shipbuilding company. It is mainly engaged in the engineering and engine production activities. The company offers products and services in three verticals including shipbuilding, engineering, and, engine production. Its product portfolio includes deck machinery items, pumps, portable steel bridges, boat davits, anchors, mooring and dock capstans, and engines.

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