Gan Shmuel Foods (XTAE:GSFI) Interest Expense : ₪-6 Mil (TTM As of Mar. 2024)

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What is Gan Shmuel Foods Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gan Shmuel Foods's interest expense for the three months ended in Mar. 2024 was ₪ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₪-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. Gan Shmuel Foods's Operating Income for the three months ended in Mar. 2024 was ₪ 64 Mil. Gan Shmuel Foods's Interest Expense for the three months ended in Mar. 2024 was ₪ -2 Mil. Gan Shmuel Foods's Interest Coverage for the quarter that ended in Mar. 2024 was 35.91. 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.

Gan Shmuel Foods Interest Expense Historical Data

The historical data trend for Gan Shmuel Foods'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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Gan Shmuel Foods Interest Expense Chart

Gan Shmuel Foods Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-7.49

-11.65

-7.47

-8.26

-6.81

Gan Shmuel Foods 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															-2.80	-1.99	-3.78	1.76	-1.79

Gan Shmuel Foods 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 ₪-6 Mil.

Gan Shmuel Foods (XTAE:GSFI) 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.

Gan Shmuel Foods's Interest Expense for the three months ended in Mar. 2024 was ₪-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₪64 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₪97 Mil.

Gan Shmuel Foods'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	*	64.093	/	-1.785
	=	35.91

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

Gan Shmuel Foods (XTAE:GSFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Gan Shmuel Foods Ltd (XTAE:GSFI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

Kibbutz Gan Shmuel, Hefer, ISR

Website

http://www.ganshmuel.com

Gan Shmuel Foods Ltd is an Israel based company, engages in the manufacture and sale of citrus fruits for the beverage and food industry. Its products include natural juices, concentrated citrus juices, crystal clear concentrated juices, cloudy citrus concentrates, comminuted citrus juices, citrus bases, pineapple and tropical fruit blends, and tomato products. The company is also involved in providing fruit and vegetable solutions.