Gujarat State Fertilizers & Chemicals (NSE:GSFC) Interest Expense : ₹-112 Mil (TTM As of Mar. 2024)

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What is Gujarat State Fertilizers & Chemicals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gujarat State Fertilizers & Chemicals's interest expense for the three months ended in Mar. 2024 was ₹ -70 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-112 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. Gujarat State Fertilizers & Chemicals's Operating Income for the three months ended in Mar. 2024 was ₹ -208 Mil. Gujarat State Fertilizers & Chemicals's Interest Expense for the three months ended in Mar. 2024 was ₹ -70 Mil. Gujarat State Fertilizers & Chemicals 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.

Gujarat State Fertilizers & Chemicals Interest Expense Historical Data

The historical data trend for Gujarat State Fertilizers & Chemicals'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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Gujarat State Fertilizers & Chemicals Interest Expense Chart

Gujarat State Fertilizers & Chemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1,099.72

-389.12

-97.70

-150.30

-112.00

Gujarat State Fertilizers & Chemicals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-31.10	-18.80	-16.10	-6.80	-70.30

Gujarat State Fertilizers & Chemicals 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-112 Mil.

Gujarat State Fertilizers & Chemicals (NSE:GSFC) 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.

Gujarat State Fertilizers & Chemicals's Interest Expense for the three months ended in Mar. 2024 was ₹-70 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-208 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹15 Mil.

Gujarat State Fertilizers & Chemicals's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Gujarat State Fertilizers & Chemicals did not have earnings to cover the interest expense.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Gujarat State Fertilizers & Chemicals Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Gujarat State Fertilizers & Chemicals (NSE:GSFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Gujarat State Fertilizers & Chemicals Ltd (NSE:GSFC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

500690:India

Address

P.O. Fertilizernagar, Vadodara, GJ, IND, 391750

Website

https://www.gsfclimited.com

Gujarat State Fertilizers & Chemicals Ltd is a manufacturer of fertilizers and chemicals. It is structured into two operating business segments: Fertilizer Products and Industrial Products. The company operates mainly in the Indian market and there are no reportable geographical segments. It derives the majority of its revenue from the Fertilizer products segment. The products and services covered under its Fertilizer segment include Urea, Ammonium Sulphate, Di-ammonium Phosphate, Ammonium Phosphate Sulphate, and traded fertilizer products. The Industrial Products consist of Caprolactam, Nylon-6, Nylon Filament Yarn, Nylon Chips, Melamine, Methanol, and Polymer products.

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