Goblin India (BOM:542850) Interest Expense : ₹-26.2 Mil (TTM As of Sep. 2023)

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What is Goblin India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Goblin India's interest expense for the six months ended in Sep. 2023 was ₹ -13.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-26.2 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. Goblin India's Operating Income for the six months ended in Sep. 2023 was ₹ 12.9 Mil. Goblin India's Interest Expense for the six months ended in Sep. 2023 was ₹ -13.3 Mil. Goblin India's Interest Coverage for the quarter that ended in Sep. 2023 was 0.97. 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.

Goblin India Interest Expense Historical Data

The historical data trend for Goblin India'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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Goblin India Interest Expense Chart

Goblin India Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-24.44

-19.59

-21.72

-19.78

-26.98

Goblin India Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial							-8.81	-10.97	-14.14	-12.84	-13.34

Goblin India 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-26.2 Mil.

Goblin India (BOM:542850) 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.

Goblin India's Interest Expense for the six months ended in Sep. 2023 was ₹-13.3 Mil. Its Operating Income for the six months ended in Sep. 2023 was ₹12.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was ₹187.3 Mil.

Goblin India's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	12.876	/	-13.341
	=	0.97

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

Goblin India (BOM:542850) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Goblin India Ltd (BOM:542850) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Stadium Commercial Road, Camex House, 1st Floor, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

http://www.goblinindia.com

Goblin India Ltd is engaged in manufacturing of traveling gear solutions. The company offers a variety of Travelling Gears including Hard Luggage, Soft Luggage and other accessories like wallets, purses, travel neck pillow. Geographically, operating in India. The company is operating only one business segment of trading in luggage bags, travel accessories and corporate gifts.

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