Gammon India (NSE:GAMMONIND) Interest Expense : ₹-7,950 Mil (TTM As of Dec. 2023)

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What is Gammon India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gammon India's interest expense for the three months ended in Dec. 2023 was ₹ -2,926 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-7,950 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. Gammon India's Operating Income for the three months ended in Dec. 2023 was ₹ 683 Mil. Gammon India's Interest Expense for the three months ended in Dec. 2023 was ₹ -2,926 Mil. Gammon India's Interest Coverage for the quarter that ended in Dec. 2023 was 0.23. 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.

Gammon India Interest Expense Historical Data

The historical data trend for Gammon 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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Gammon India Interest Expense Chart

Gammon India Annual Data

Trend

Mar12

Mar13

Sep14

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-6,828.60

-6,935.60

-7,517.80

-8,269.60

-9,640.70

Gammon India Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-2,460.20	-2,562.70	-2,267.80	-2,756.40	-2,926.10

Gammon 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 ₹-7,950 Mil.

Gammon India (NSE:GAMMONIND) 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.

Gammon India's Interest Expense for the three months ended in Dec. 2023 was ₹-2,926 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹683 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Gammon 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	*	682.6	/	-2926.1
	=	0.23

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. Gammon India Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Gammon India (NSE:GAMMONIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Gammon India Ltd (NSE:GAMMONIND) » Definitions » Interest Expense

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Address

J.N. Heredia Marg, Hamilton House, Floor 3rd, Plot No. - 3/8, Ballard Estate, Mumbai, MH, IND, 400038

Website

http://www.gammonindia.com

Gammon India Ltd is civil engineering, procurement, and construction company. Principally, it is involved in the construction of buildings, civil engineering, construction of utility projects, and specialized construction activities. The company's operating segment includes Real Estate Development and Construction and Engineering. It generates maximum revenue from the Construction and Engineering segment. Geographically, it derives a majority of its revenue from India.

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