Gulf Energy Development PCL (BKK:GULF) Interest Expense : ฿-9,985 Mil (TTM As of Mar. 2024)

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What is Gulf Energy Development PCL Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gulf Energy Development PCL's interest expense for the three months ended in Mar. 2024 was ฿ -2,606 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ฿-9,985 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. Gulf Energy Development PCL's Operating Income for the three months ended in Mar. 2024 was ฿ 5,075 Mil. Gulf Energy Development PCL's Interest Expense for the three months ended in Mar. 2024 was ฿ -2,606 Mil. Gulf Energy Development PCL's Interest Coverage for the quarter that ended in Mar. 2024 was 1.95. 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.

Gulf Energy Development PCL Interest Expense Historical Data

The historical data trend for Gulf Energy Development PCL'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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Gulf Energy Development PCL Interest Expense Chart

Gulf Energy Development PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2,682.00

-3,358.00

-5,000.00

-7,522.00

-9,502.00

Gulf Energy Development PCL 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															-2,123.66	-2,416.12	-2,581.82	-2,380.40	-2,606.36

Gulf Energy Development PCL 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 ฿-9,985 Mil.

Gulf Energy Development PCL (BKK:GULF) 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.

Gulf Energy Development PCL's Interest Expense for the three months ended in Mar. 2024 was ฿-2,606 Mil. Its Operating Income for the three months ended in Mar. 2024 was ฿5,075 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ฿234,952 Mil.

Gulf Energy Development PCL'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	*	5074.813	/	-2606.362
	=	1.95

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Gulf Energy Development PCL interest coverage is 1.92, which is low.

Gulf Energy Development PCL (BKK:GULF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Gulf Energy Development PCL (BKK:GULF) » Definitions » Interest Expense

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GULF-F:Thailand

Address

Wireless Road, All Seasons Place, 87 M.Thai Tower 11th Floor, Lumpini, Pathumwan, Bangkok, THA, 10330

Website

https://www.gulf.co.th

Gulf Energy Development PCL is a Thailand based business, that engages in electricity-generating business. The principal operation of the group is to generate and sell electricity, steam and cold water storing and converting natural gas from liquid to gas, provide satellite services and, and other related businesses. It is also involved in the business of renewable energy, such as solar rooftops and biomass energy. It operates through the following segments: The power segment, the Infrastructure segment, Satellite business segment, and Consulting segment. Geographically the company caters its services to both domestic and international markets.