Global Ports Holding (LSE:GPH) Interest Expense : £-49.1 Mil (TTM As of Sep. 2023)

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What is Global Ports Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Global Ports Holding's interest expense for the six months ended in Sep. 2023 was £ -31.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was £-49.1 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 Ports Holding's Operating Income for the six months ended in Sep. 2023 was £ 34.3 Mil. Global Ports Holding's Interest Expense for the six months ended in Sep. 2023 was £ -31.2 Mil. Global Ports Holding's Interest Coverage for the quarter that ended in Sep. 2023 was 1.10. 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 Ports Holding Interest Expense Historical Data

The historical data trend for Global Ports Holding'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 Ports Holding Interest Expense Chart

Global Ports Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Mar22

Mar23

Interest Expense

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-19.78

-20.16

-21.30

-20.28

-33.39

Global Ports Holding Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial											-11.77	-8.01	-16.57	-17.93	-31.20

Global Ports Holding 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-49.1 Mil.

Global Ports Holding (LSE:GPH) 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 Ports Holding's Interest Expense for the six months ended in Sep. 2023 was £-31.2 Mil. Its Operating Income for the six months ended in Sep. 2023 was £34.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was £550.7 Mil.

Global Ports Holding's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	34.332	/	-31.198
	=	1.10

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 Ports Holding PLCs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Global Ports Holding (LSE:GPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Global Ports Holding PLC (LSE:GPH) » Definitions » Interest Expense

Traded in Other Exchanges

GPHl:UK 6P9:Germany

Address

Buyukdere Cad Number 193, Levent 193 Plaza, Istanbul, TUR, 34394

Website

https://www.globalportsholding.com

Global Ports Holding PLC is an independent cruise port operator. The company serves the needs of the world's cruise lines, ferries, and mega yachts. The company's portfolio includes assets that range from major cruise hubs such as Barcelona and Venice to high-traffic core ports such as Valletta and Cagliari and Singapore cruise ports. It operates two growing commercial ports in Turkey and Montenegro. The group's reportable segments are Western Mediterranean & Atlantic region, Central Mediterranean region, Americas Region and Eastern Mediterranean and Adriatic region, Other operations.

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