Great Eastern Shipping Co (NSE:GESHIP) Interest Expense : ₹-2,647 Mil (TTM As of Mar. 2024)

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What is Great Eastern Shipping Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Great Eastern Shipping Co's interest expense for the three months ended in Mar. 2024 was ₹ -585 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-2,647 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. Great Eastern Shipping Co's Operating Income for the three months ended in Mar. 2024 was ₹ 6,904 Mil. Great Eastern Shipping Co's Interest Expense for the three months ended in Mar. 2024 was ₹ -585 Mil. Great Eastern Shipping Co's Interest Coverage for the quarter that ended in Mar. 2024 was 11.80. 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.

Great Eastern Shipping Co Interest Expense Historical Data

The historical data trend for Great Eastern Shipping Co'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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Great Eastern Shipping Co Interest Expense Chart

Great Eastern Shipping Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-3,588.60

-3,119.80

-2,815.80

-3,427.40

-2,647.00

Great Eastern Shipping Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-768.00	-621.90	-771.30	-668.70	-585.10

Great Eastern Shipping Co 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 ₹-2,647 Mil.

Great Eastern Shipping Co (NSE:GESHIP) 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.

Great Eastern Shipping Co's Interest Expense for the three months ended in Mar. 2024 was ₹-585 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹6,904 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹24,148 Mil.

Great Eastern Shipping Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	6903.8	/	-585.1
	=	11.80

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

Great Eastern Shipping Co (NSE:GESHIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Great Eastern Shipping Co Ltd (NSE:GESHIP) » Definitions » Interest Expense

Traded in Other Exchanges

500620:India

Address

Dr. Annie Besant Road, 134/A, Ocean House, Worli, Mumbai, MH, IND, 400 018

Website

https://www.greatship.com

Great Eastern Shipping Co Ltd is a shipping company. It is involved in the bulk shipping business such as transportation of crude oil, petroleum products, gas, and dry bulk commodities. The company organizes itself into two segments: shipping and offshore. It generates a majority of its revenue from the Shipping business.

Great Eastern Shipping Co (NSE:GESHIP) Headlines

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