Global Vectra Helicorp (NSE:GLOBALVECT) Interest Expense : ₹-321 Mil (TTM As of Dec. 2024)

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What is Global Vectra Helicorp Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Global Vectra Helicorp's interest expense for the three months ended in Dec. 2024 was ₹ -80 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-321 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. Global Vectra Helicorp's Operating Income for the three months ended in Dec. 2024 was ₹ 24 Mil. Global Vectra Helicorp's Interest Expense for the three months ended in Dec. 2024 was ₹ -80 Mil. Global Vectra Helicorp's Interest Coverage for the quarter that ended in Dec. 2024 was 0.29. 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.

Global Vectra Helicorp Interest Expense Historical Data

The historical data trend for Global Vectra Helicorp'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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Global Vectra Helicorp Interest Expense Chart

Global Vectra Helicorp Annual Data

Trend

Mar15

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Mar24

Interest Expense

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-229.49

-164.53

-151.92

-192.68

-316.80

Global Vectra Helicorp Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-82.85	-73.46	-87.01	-79.97	-80.26

Global Vectra Helicorp 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-321 Mil.

Global Vectra Helicorp (NSE:GLOBALVECT) 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.

Global Vectra Helicorp's Interest Expense for the three months ended in Dec. 2024 was ₹-80 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹24 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Global Vectra Helicorp's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	23.606	/	-80.262
	=	0.29

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. Global Vectra Helicorp Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Global Vectra Helicorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Global Vectra Helicorp Ltd (NSE:GLOBALVECT) » Definitions » Interest Expense

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532773:India

Address

Hangar Number - C - He / Hf, Airports Authority of India, Civil Aerodrome, Juhu, Mumbai, MH, IND, 400056

Website

https://www.globalhelicorp.com

Global Vectra Helicorp Ltd is engaged in providing helicopter services. The company provides onshore and offshore services for oil and gas operations, the productions sector, geophysical survey, corporate and VIP flights, aerial photography and filming, religious tourism, emergency services, underslung operations, and power grid maintenance. It operates in a single segment that is the provision of helicopter services in India. The company has its main maintenance base at Juhu Airport, Mumbai with sub-bases supporting onshore and offshore operations across the length and breadth of India.

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