Globavend Holdings (Globavend Holdings) Interest Expense : $-0.00 Mil (TTM As of Sep. 2023)

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What is Globavend Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Globavend Holdings's interest expense for the six months ended in Sep. 2023 was $ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.00 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. Globavend Holdings's Operating Income for the six months ended in Sep. 2023 was $ 0.70 Mil. Globavend Holdings's Interest Expense for the six months ended in Sep. 2023 was $ -0.00 Mil. Globavend Holdings's Interest Coverage for the quarter that ended in Sep. 2023 was 703.00. 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.

Globavend Holdings Interest Expense Historical Data

The historical data trend for Globavend Holdings'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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Globavend Holdings Interest Expense Chart

Globavend Holdings Annual Data

Trend

Sep21

Sep22

Sep23

Interest Expense

Globavend Holdings Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	-	-	-	-	-

Globavend Holdings 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 $-0.00 Mil.

Globavend Holdings (NAS:GVH) 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.

Globavend Holdings's Interest Expense for the six months ended in Sep. 2023 was $-0.00 Mil. Its Operating Income for the six months ended in Sep. 2023 was $0.70 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was $0.08 Mil.

Globavend Holdings'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	*	0.703	/	-0.001
	=	703.00

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Globavend Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Globavend Holdings (Globavend Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globavend Holdings Ltd (NAS:GVH) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

Office 1401, Level 14, 197, St Georges Tce, Perth, WA, AUS, 6000

Website

https://www.globavend.com

Globavend Holdings Ltd is a e-commerce logistics provider it provides integrated cross-border logistics services from Hong Kong to Australia and New Zealand, where they provide customers with a one-stop solution from parcel consolidation to air freight forwarding, customs clearance, on-carriage parcel transportation and delivery. It operates in logistics and freight forwarding industry, which involves the provision of services such as freight transport, freight forwarding, warehouse management, and distribution.

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