Global Education (NSE:GLOBAL) Interest Expense : ₹-0.1 Mil (TTM As of Dec. 2023)

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What is Global Education Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Global Education's interest expense for the three months ended in Dec. 2023 was ₹ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-0.1 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 Education's Operating Income for the three months ended in Dec. 2023 was ₹ 113.6 Mil. Global Education's Interest Expense for the three months ended in Dec. 2023 was ₹ 0.0 Mil. Global Education has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Global Education Interest Expense Historical Data

The historical data trend for Global Education'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 Education Interest Expense Chart

Global Education Annual Data

Trend

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Mar23

Interest Expense

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-3.41

-1.30

-0.12

-0.04

-0.09

Global Education Quarterly Data
	Sep18	Mar19	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															-	-	-0.06	-	-

Global Education 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 ₹-0.1 Mil.

Global Education (NSE:GLOBAL) 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 Education's Interest Expense for the three months ended in Dec. 2023 was ₹0.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹113.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.0 Mil.

Global Education's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Global Education had no long-term debt ⁽¹⁾.

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

Good Sign:

Global Education Ltd has no debt.

Global Education (NSE:GLOBAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Global Education Ltd (NSE:GLOBAL) » Definitions » Interest Expense

Comparable Companies

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N/A

Address

345, Kingsway, 4th Floor, Usha Complex, Nagpur, MH, IND, 440001

Website

https://www.globaledu.net.in

Global Education Ltd is a service provider for educational support and related activities. It operates in two segments, namely, Educational Training and Development Activities and Educational Business Support Activities. The company offers professional training and skill development to corporates, teachers, and students for human capital development and other business support services to educational institutions. The company earns its major revenue from the Educational Business Support Activities segment.

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