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TGB Banquets & Hotels (NSE:TGBHOTELS) Interest Expense : ₹-12.6 Mil (TTM As of Sep. 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 Sep. 2024 was ₹ -3.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-12.6 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 Sep. 2024 was ₹ 3.1 Mil. TGB Banquets & Hotels's Interest Expense for the three months ended in Sep. 2024 was ₹ -3.2 Mil. TGB Banquets & Hotels's Interest Coverage for the quarter that ended in Sep. 2024 was 0.98. 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.

* Premium members only.

TGB Banquets & Hotels Interest Expense Chart

TGB Banquets & Hotels Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.43 -11.42 -16.63 -15.62 -14.89

TGB Banquets & Hotels Quarterly Data
Sep19 Dec19 Mar20 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.48 -3.87 -3.13 -2.38 -3.18

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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-12.6 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.

TGB Banquets & Hotels  (NSE:TGBHOTELS) 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.

TGB Banquets & Hotels's Interest Expense for the three months ended in Sep. 2024 was ₹-3.2 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹3.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹121.7 Mil.

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

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*3.106/-3.178
=0.98

* 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.

TGB Banquets & Hotels 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.

TGB Banquets & Hotels Headlines

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