Galaxy Medicare (NSE:GML) Interest Expense: ₹-2.8 Mil (TTM As of Mar. 2026)


NSE:GML Galaxy Medicare Ltd NSE:GML
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What is Galaxy Medicare Interest Expense?

Galaxy Medicare NSE:GML 19 Interest Expense is ₹-2.8 Mil as of Mar. 2026. GuruFocus rates NSE:GML with a GF Score™ of 19/100. The stock has 2 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Galaxy Medicare's interest expense for the six months ended in Mar. 2026 was ₹ -1.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₹-2.8 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. Galaxy Medicare's Operating Income for the six months ended in Mar. 2026 was ₹ 11.1 Mil. Galaxy Medicare's Interest Expense for the six months ended in Mar. 2026 was ₹ -1.6 Mil. Galaxy Medicare's Interest Coverage for the quarter that ended in Mar. 2026 was 6.86. 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.

Galaxy Medicare  (NSE:GML) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Galaxy Medicare's Interest Expense for the six months ended in Mar. 2026 was ₹-1.6 Mil. Its Operating Income for the six months ended in Mar. 2026 was ₹11.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2026 was ₹4.9 Mil.

Galaxy Medicare's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*11.141/-1.625
=6.86

* 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.

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

Galaxy Medicare Interest Expense Historical Data

* Premium members only.

The historical data trend for Galaxy Medicare'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.

Galaxy Medicare Interest Expense Chart

Galaxy Medicare Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Interest Expense
-8.10 -9.51 -9.40 -6.88 -2.77

Galaxy Medicare Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Interest Expense Get a 7-Day Free Trial 0.00 -3.75 -3.13 -1.14 -1.63
NSE:GML
19GF Score
Galaxy Medicare Ltd NSE:GML
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Galaxy Medicare 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. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-2.8 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of ₹-2.8 Mil mean?
Galaxy Medicare (NSE:GML) has a Interest Expense of ₹-2.8 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on Galaxy Medicare and its competitors.
Is Galaxy Medicare's Interest Expense too high?
Galaxy Medicare's current Interest Expense is ₹-2.8 Mil. Overall, Galaxy Medicare has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Galaxy Medicare's Interest Expense compare to ISRG and BDX?
Galaxy Medicare's Interest Expense of ₹-2.8 Mil can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Medical Devices & Instruments company?
A good Interest Expense depends on the Medical Devices & Instruments industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Galaxy Medicare and its competitors. Galaxy Medicare's current Interest Expense is ₹-2.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Galaxy Medicare stock overvalued right now?
Galaxy Medicare (NSE:GML) has a current Interest Expense of ₹-2.8 Mil. The current Interest Expense is ₹-2.8 Mil. Galaxy Medicare's overall GF Score™ is 19/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Galaxy Medicare (NSE:GML), the current Interest Expense is ₹-2.8 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Galaxy Medicare Business Description

Address Plot No-2, Zone D, Phase A, Mancheswar Industrial Estate, Khurda, Bhubaneswar, OR, IND, 751010
Galaxy Medicare Ltd is engaged into the manufacturing, trading and exporting of Medical Devices, Plasters of Paris Bandages (POP Bandage) and Other surgical dressings in India. Its business encompass: Manufacturing and Branding of its own products under its flagship brands i.e. POP BAND, POP CAST, G CAST, GYPSOSOFT, GYPSOPLAST, CARETAPE, GYPSOCREPE, CARECREPE, CAREPORE GYPSONET, GYPSOCHLOR, FIXCAN ETC.
19GF Score

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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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