Goldstar Power (NSE:GOLDSTAR) Interest Expense : ₹-17.3 Mil (TTM As of Mar. 2024)

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What is Goldstar Power Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Goldstar Power's interest expense for the six months ended in Mar. 2024 was ₹ -17.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-17.3 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. Goldstar Power's Operating Income for the six months ended in Mar. 2024 was ₹ 60.9 Mil. Goldstar Power's Interest Expense for the six months ended in Mar. 2024 was ₹ -17.3 Mil. Goldstar Power's Interest Coverage for the quarter that ended in Mar. 2024 was 3.53. 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.

Goldstar Power Interest Expense Historical Data

The historical data trend for Goldstar Power'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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Goldstar Power Interest Expense Chart

Goldstar Power Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-7.40

-8.23

-9.98

-13.62

-17.28

Goldstar Power Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Mar24
Interest Expense	Get a 7-Day Free Trial							-7.40	-8.23	-9.98	-13.62	-17.28

Goldstar Power Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-17.3 Mil.

Goldstar Power (NSE:GOLDSTAR) 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.

Goldstar Power's Interest Expense for the six months ended in Mar. 2024 was ₹-17.3 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹60.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹48.4 Mil.

Goldstar Power'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	*	60.924	/	-17.281
	=	3.53

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

Goldstar Power Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Goldstar Power Ltd (NSE:GOLDSTAR) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Rajkot Highway, Behind Ravi Petrol Pump, At & Post Hapa, Jamanagar, GJ, IND, 361120

Website

https://www.goldstarpower.com

Goldstar Power Ltd is a battery manufacturing Company. It sells its products under brand GOLDSTAR that includes Fully Automotive Batteries for Car, Tractor and Heavy Duty Trucks, Tubular Batteries for E-Rickshaw, SMF-VRLA Batteries for UPS Application, Motorcycle Batteries, Solar Batteries, Pure Lead and Alloy. The company has two reportable segments: Manufacturing of Battery, Lead Alloy and Trading of Inverter, Chemicals & other battery related equipment. Key revenue is generated from Manufacturing of Battery, Lead Alloy segment.

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