TGB Banquets & Hotels (NSE:TGBHOTELS) Interest Expense : ₹-14.9 Mil (TTM As of Mar. 2024)

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What is TGB Banquets & Hotels Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TGB Banquets & Hotels's interest expense for the three months ended in Mar. 2024 was ₹ -3.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-14.9 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. TGB Banquets & Hotels's Operating Income for the three months ended in Mar. 2024 was ₹ -76.8 Mil. TGB Banquets & Hotels's Interest Expense for the three months ended in Mar. 2024 was ₹ -3.1 Mil. TGB Banquets & Hotels 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.

TGB Banquets & Hotels Interest Expense Historical Data

The historical data trend for TGB Banquets & Hotels'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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TGB Banquets & Hotels Interest Expense Chart

TGB Banquets & Hotels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-12.43

-11.42

-16.63

-15.62

-14.89

TGB Banquets & Hotels Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-2.26	-4.42	-3.48	-3.87	-3.13

TGB Banquets & Hotels 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 ₹-14.9 Mil.

TGB Banquets & Hotels (NSE:TGBHOTELS) 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.

TGB Banquets & Hotels's Interest Expense for the three months ended in Mar. 2024 was ₹-3.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-76.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹27.1 Mil.

TGB Banquets & Hotels's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

TGB Banquets & Hotels did not have earnings to cover the interest expense.

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

TGB Banquets & Hotels (NSE:TGBHOTELS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » TGB Banquets & Hotels Ltd (NSE:TGBHOTELS) » Definitions » Interest Expense

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Traded in Other Exchanges

532845:India

Address

S.G. Road, The Grand Bhagwati, Plot no. 380, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.thegrandbhagwati.com

TGB Banquets & Hotels Ltd is an Indian company engaged in the lodging business sector. The firm operates hotels, restaurants, and banquets. It operates under the brand name The Grand Bhagwati, also known as TGB in India. Other activities of the company include the provision of catering services. It derives revenue from rooms, food and beverages, and allied services relating to hotel operations.

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