Gilat Telecom Global (XTAE:GLTL) Interest Expense : ₪-8.6 Mil (TTM As of Mar. 2024)

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What is Gilat Telecom Global Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gilat Telecom Global's interest expense for the three months ended in Mar. 2024 was ₪ -2.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₪-8.6 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. Gilat Telecom Global's Operating Income for the three months ended in Mar. 2024 was ₪ 1.4 Mil. Gilat Telecom Global's Interest Expense for the three months ended in Mar. 2024 was ₪ -2.9 Mil. Gilat Telecom Global's Interest Coverage for the quarter that ended in Mar. 2024 was 0.49. 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.

Gilat Telecom Global Interest Expense Historical Data

The historical data trend for Gilat Telecom Global'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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Gilat Telecom Global Interest Expense Chart

Gilat Telecom Global Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-5.91

-10.69

-11.76

-7.89

-7.45

Gilat Telecom Global 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															-1.78	-2.87	-1.50	-1.30	-2.89

Gilat Telecom Global 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 ₪-8.6 Mil.

Gilat Telecom Global (XTAE:GLTL) 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.

Gilat Telecom Global's Interest Expense for the three months ended in Mar. 2024 was ₪-2.9 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₪1.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₪9.2 Mil.

Gilat Telecom Global'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	*	1.412	/	-2.886
	=	0.49

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

Gilat Telecom Global (XTAE:GLTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Gilat Telecom Global Ltd (XTAE:GLTL) » Definitions » Interest Expense

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Address

21 Yegia Kapayim Street, P O Box 7144, Petach-Tikva, ISR, 4913020

Website

https://www.gilat.net

Gilat Telecom Global Ltd is engaged in providing end-to-end communication solutions including bandwidth and connectivity over satellite, fiber optic, and radio infrastructure to cellular operators, Internet providers, enterprises, government organizations, and emergency and rescue services in Africa and the middle east.

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