GlobalSpace Technologies (BOM:540654) Interest Expense : ₹-7.6 Mil (TTM As of Mar. 2024)

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What is GlobalSpace Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GlobalSpace Technologies's interest expense for the three months ended in Mar. 2024 was ₹ -3.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-7.6 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. GlobalSpace Technologies's Operating Income for the three months ended in Mar. 2024 was ₹ -2.2 Mil. GlobalSpace Technologies's Interest Expense for the three months ended in Mar. 2024 was ₹ -3.1 Mil. GlobalSpace Technologies did not have earnings to cover the interest expense. 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.

GlobalSpace Technologies Interest Expense Historical Data

The historical data trend for GlobalSpace Technologies'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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GlobalSpace Technologies Interest Expense Chart

GlobalSpace Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-8.09

-7.05

-12.59

-21.91

-17.56

GlobalSpace Technologies Quarterly Data
	Sep18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.35	-5.82	-5.67	-4.42	-3.14

GlobalSpace Technologies 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 ₹-7.6 Mil.

GlobalSpace Technologies (BOM:540654) 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.

GlobalSpace Technologies's Interest Expense for the three months ended in Mar. 2024 was ₹-3.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-2.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹13.1 Mil.

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

GlobalSpace Technologies did not have earnings to cover the interest expense.

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

GlobalSpace Technologies (BOM:540654) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GlobalSpace Technologies Ltd (BOM:540654) » Definitions » Interest Expense

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N/A

Address

Office No. 605, A-1, B-Wing, Rupa Solitaire Building, 6th Floor, Sec-1, Millennium Business Park, MIDC, Mahape, Navi Mumbai, MH, IND, 400710

Website

https://www.globalspace.in

GlobalSpace Technologies Ltd is a software product company and an enterprise mobility solutions provider. The company provides technology-enabled business enhancement solutions. It serves pharma; BSFI; Education and other enterprises, Mobiles development, Website development, ERP software development, etc. The company generates revenue from the sale of products including accessories, Software, Professional fees, and others.

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