Globus Spirits (NSE:GLOBUSSPR) Interest Expense : ₹-266 Mil (TTM As of Mar. 2024)

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What is Globus Spirits Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Globus Spirits's interest expense for the three months ended in Mar. 2024 was ₹ -61 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-266 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. Globus Spirits's Operating Income for the three months ended in Mar. 2024 was ₹ 28 Mil. Globus Spirits's Interest Expense for the three months ended in Mar. 2024 was ₹ -61 Mil. Globus Spirits's Interest Coverage for the quarter that ended in Mar. 2024 was 0.45. 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.

Globus Spirits Interest Expense Historical Data

The historical data trend for Globus Spirits'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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Globus Spirits Interest Expense Chart

Globus Spirits Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-221.69

-178.14

-102.91

-170.13

-265.89

Globus Spirits 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															-72.63	-62.83	-73.68	-68.29	-61.09

Globus Spirits 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 ₹-266 Mil.

Globus Spirits (NSE:GLOBUSSPR) 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.

Globus Spirits's Interest Expense for the three months ended in Mar. 2024 was ₹-61 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹28 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹986 Mil.

Globus Spirits'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	*	27.623	/	-61.085
	=	0.45

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

Globus Spirits (NSE:GLOBUSSPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Globus Spirits Ltd (NSE:GLOBUSSPR) » Definitions » Interest Expense

Traded in Other Exchanges

533104:India

Address

Plot No. 1 and 2, Ishwar Nagar, Mathura Road, F-0, Ground Floor, The Mira Corporate Suites, New Delhi, IND, 110065

Website

https://www.globusspirits.com

Globus Spirits Ltd is engaged in the business of manufacture and sale of Indian Made Indian Liquor (IMIL) Indian Made Foreign Liquor (IMFL), Bulk Alcohol, and Franchise Bottling. The IMFL brands of the company include Country Club, French Castle, Hannibal Legendary, and White Lace.

Globus Spirits (NSE:GLOBUSSPR) Headlines

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