Global E Online (Global E Online) Interest Expense : $-4.3 Mil (TTM As of Mar. 2024)

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What is Global E Online Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Global E Online's interest expense for the three months ended in Mar. 2024 was $ -3.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-4.3 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. Global E Online's Operating Income for the three months ended in Mar. 2024 was $ -29.3 Mil. Global E Online's Interest Expense for the three months ended in Mar. 2024 was $ -3.5 Mil. Global E Online did not have earnings to cover the interest expense. 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.

Global E Online Interest Expense Historical Data

The historical data trend for Global E Online'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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Global E Online Interest Expense Chart

Global E Online Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.56

-4.34

-8.57

-12.09

Global E Online Quarterly Data
	Dec18	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														-2.40	-0.75	-	-	-3.51

Global E Online 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 $-4.3 Mil.

Global E Online (NAS:GLBE) 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.

Global E Online's Interest Expense for the three months ended in Mar. 2024 was $-3.5 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-29.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $18.4 Mil.

Global E Online's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Global E Online did not have earnings to cover the interest expense.

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

Global E Online (Global E Online) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Global E Online Ltd (NAS:GLBE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

GLBE:Mexico

Address

9 HaPsagot Street, Petah Tikva, ISR, 4951041

Website

https://www.global-e.com

Global E Online Ltd provides e-commerce solutions. It offers a platform to enable and accelerate global, direct-to-consumer cross-border e-commerce. The platform was purpose-built for international shoppers to buy seamlessly online and for merchants to sell from, and, anywhere in the world. It localizes the shopper experience in an effort to make international transactions as seamless as domestic ones. The platform increases the conversion of international traffic into sales by removing much of the complexity associated with international e-commerce.