Globe Trade Centre (Globe Trade Centre) Interest Expense : $37.84 Mil (TTM As of Dec. 2023)

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What is Globe Trade Centre Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Globe Trade Centre's interest expense for the three months ended in Dec. 2023 was $ 88.44 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $37.84 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 Trade Centre's Operating Income for the three months ended in Dec. 2023 was $ -277.64 Mil. Globe Trade Centre's Interest Expense for the three months ended in Dec. 2023 was $ 88.44 Mil. Globe Trade Centre 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.

Globe Trade Centre Interest Expense Historical Data

The historical data trend for Globe Trade Centre'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 Trade Centre Interest Expense Chart

Globe Trade Centre Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

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Dec23

Interest Expense

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-36.27

-40.55

-37.91

-32.63

-35.01

Globe Trade Centre 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															86.76	-7.89	-1.95	-40.77	88.44

Globe Trade Centre 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 $37.84 Mil.

Globe Trade Centre (OTCPK:GBCEY) 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 Trade Centre's Interest Expense for the three months ended in Dec. 2023 was $88.44 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-277.64 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,387.02 Mil.

Globe Trade Centre's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

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

Globe Trade Centre (Globe Trade Centre) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Globe Trade Centre SA (OTCPK:GBCEY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

GTC:South Africa GTC:Poland

Address

Komitetu Obrony Robotnikow 45A, Nothus Building, Warsaw, POL, 02-146

Website

https://www.gtc.com.pl

Globe Trade Centre SA is a real estate investor and developer that focuses its business in Poland and several capital cities in Eastern Europe. The group operates in Poland, Belgrade, Hungary, Bucharest, Zagreb, and Sofia. The group manages a real estate portfolio that includes commercial buildings in the form of offices and retail space. The commercial property portfolio is actively managed by the group. In terms of geographic location, almost half of the company's revenue comes from Poland and the remaining is made up of other geographic areas.

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