Globe Textiles (India) (NSE:GLOBE) Interest Expense : ₹-95 Mil (TTM As of Dec. 2023)

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What is Globe Textiles (India) Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Globe Textiles (India)'s interest expense for the three months ended in Dec. 2023 was ₹ -34 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-95 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 Textiles (India)'s Operating Income for the three months ended in Dec. 2023 was ₹ 52 Mil. Globe Textiles (India)'s Interest Expense for the three months ended in Dec. 2023 was ₹ -34 Mil. Globe Textiles (India)'s Interest Coverage for the quarter that ended in Dec. 2023 was 1.55. 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 Textiles (India) Interest Expense Historical Data

The historical data trend for Globe Textiles (India)'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 Textiles (India) Interest Expense Chart

Globe Textiles (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-52.32

-59.39

-58.95

-80.70

-94.43

Globe Textiles (India) Quarterly Data
	Sep18	Mar19	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															-29.32	-6.15	-26.33	-28.71	-33.75

Globe Textiles (India) 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 ₹-95 Mil.

Globe Textiles (India) (NSE:GLOBE) 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 Textiles (India)'s Interest Expense for the three months ended in Dec. 2023 was ₹-34 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹52 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Globe Textiles (India)'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	*	52.241	/	-33.749
	=	1.55

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

Globe Textiles (India) (NSE:GLOBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Globe Textiles (India) Ltd (NSE:GLOBE) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Ahmedabad Apparel Park, Plot No. 38 to 41, GIDC Khokhra, Ahmedabad, GJ, IND, 380008

Website

http://www.globetextiles.net

Globe Textiles (India) Ltd manufactures, supplies, and trades textile and apparel products and services from fiber to fashion. The company products include Denim and Non-Denim Fabrics, Shirting Fabrics, Printed Fabrics, Home Textiles, Jeans, and Yarns. The company has its operations in India and outside India.

Globe Textiles (India) (NSE:GLOBE) Headlines

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