Globale Tessile (NSE:GLOBALE) Interest Expense : ₹-9.0 Mil (TTM As of Dec. 2024)

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What is Globale Tessile Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Globale Tessile's interest expense for the three months ended in Dec. 2024 was ₹ -2.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-9.0 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. Globale Tessile's Operating Income for the three months ended in Dec. 2024 was ₹ -5.5 Mil. Globale Tessile's Interest Expense for the three months ended in Dec. 2024 was ₹ -2.3 Mil. Globale Tessile did not have earnings to cover the interest expense. 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.

Globale Tessile Interest Expense Historical Data

The historical data trend for Globale Tessile'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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Globale Tessile Interest Expense Chart

Globale Tessile Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar23

Mar24

Interest Expense

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-36.19

-43.49

-45.86

-8.76

-7.39

Globale Tessile Quarterly Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial									-2.01	-1.47	-1.73	-3.47	-2.31

Globale Tessile 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-9.0 Mil.

Globale Tessile (NSE:GLOBALE) 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.

Globale Tessile's Interest Expense for the three months ended in Dec. 2024 was ₹-2.3 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹-5.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0.0 Mil.

Globale Tessile's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Globale Tessile did not have earnings to cover the interest expense.

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

Globale Tessile Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Globale Tessile Ltd (NSE:GLOBALE) » Definitions » Interest Expense

Traded in Other Exchanges

544234:India

Address

Polytechnic Road, Mahalaxmi House, 2nd Floor, YSL Avenue, Opposite Ketav Petrol Pump, Ambawadi, Ahmedabad, GJ, IND, 380 015

Website

https://www.mahalaxmigroup.net/GTL

Globale Tessile Ltd is principally engaged in the business of trading textile products. The company's products include Beaded George Fabric, Embroidery Fabric, African Print Fabric, African George Fabric, and Ladies Kaftans.

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