Globe International Carriers (NSE:GICL) Interest Expense : ₹-17 Mil (TTM As of Mar. 2022)

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What is Globe International Carriers Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Globe International Carriers's interest expense for the six months ended in Mar. 2022 was ₹ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2022 was ₹-17 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 International Carriers's Operating Income for the six months ended in Mar. 2022 was ₹ 72 Mil. Globe International Carriers's Interest Expense for the six months ended in Mar. 2022 was ₹ -9 Mil. Globe International Carriers's Interest Coverage for the quarter that ended in Mar. 2022 was 8.27. 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 International Carriers Interest Expense Historical Data

The historical data trend for Globe International Carriers'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 International Carriers Interest Expense Chart

Globe International Carriers Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-20.70

-19.26

-17.85

-17.17

-21.57

Globe International Carriers Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23
Interest Expense	Get a 7-Day Free Trial													-9.02	-8.83	-8.43	-8.74	-

Globe International Carriers 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. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-17 Mil.

Globe International Carriers (NSE:GICL) 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 International Carriers's Interest Expense for the six months ended in Mar. 2022 was ₹-9 Mil. Its Operating Income for the six months ended in Mar. 2022 was ₹72 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2022 was ₹44 Mil.

Globe International Carriers's Interest Coverage for the quarter that ended in Mar. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2022 )	/	Interest Expense (Q: Mar. 2022 )
	=	-1	*	72.291	/	-8.741
	=	8.27

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

Globe International Carriers (NSE:GICL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globe International Carriers Ltd (NSE:GICL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Mayank Trade Centre, Station Road, 301 - 306, Prakash deep Complex, Jaipur, RJ, IND, 302006

Website

http://www.gicl.co

Globe International Carriers Ltd is an Indian company engaged in the business of providing services for transportation as a Goods Transport Agency. Its services include supply chain management, customs clearance, bulk transportation, transportation of all types of industries goods, bulk transportation, and other related services through open/closed body vehicles and two/three/four-wheeler vehicles, as well as packing and unpacking services of goods. The company provides services within India.

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