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Garden Reach Shipbuilders & Engineers (BOM:542011) Interest Expense : ₹-110 Mil (TTM As of Sep. 2024)


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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 Sep. 2024 was ₹ -24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-110 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 Sep. 2024 was ₹ 580 Mil. Garden Reach Shipbuilders & Engineers's Interest Expense for the three months ended in Sep. 2024 was ₹ -24 Mil. Garden Reach Shipbuilders & Engineers's Interest Coverage for the quarter that ended in Sep. 2024 was 24.06. 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.

* Premium members only.

Garden Reach Shipbuilders & Engineers Interest Expense Chart

Garden Reach Shipbuilders & Engineers Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.81 -6.82 -14.29 -64.81 -114.89

Garden Reach Shipbuilders & Engineers Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -24.77 -11.25 -32.57 -42.39 -24.12

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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-110 Mil.

* 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.

Garden Reach Shipbuilders & Engineers  (BOM:542011) Interest Expense Explanation

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. The higher, the better.

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 Sep. 2024 was ₹-24 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹580 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹78 Mil.

Garden Reach Shipbuilders & Engineers's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*580.312/-24.115
=24.06

* 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.

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

Garden Reach Shipbuilders & Engineers Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Garden Reach Shipbuilders & Engineers Ltd (BOM:542011) » Definitions » Interest Expense
Comparable Companies
BOM:543428 BOM:533339 BOM:540678 BOM:543367 BOM:543650 BOM:540879 BOM:543920 BOM:504176 BOM:522229 BOM:523606 RTX LMT BA XPAR:AIR NOC GD XPAR:SAF TDG LSE:BA. LHX
Traded in Other Exchanges
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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