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Pearl Global Industries (BOM:532808) Interest Expense : ₹-833 Mil (TTM As of Mar. 2024)


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What is Pearl Global Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pearl Global Industries's interest expense for the three months ended in Mar. 2024 was ₹ -224 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-833 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. Pearl Global Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 626 Mil. Pearl Global Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -224 Mil. Pearl Global Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 2.80. 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.

Pearl Global Industries Interest Expense Historical Data

The historical data trend for Pearl Global Industries'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.

* Premium members only.

Pearl Global Industries Interest Expense Chart

Pearl Global Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -356.93 -346.52 -350.40 -651.79 -833.13

Pearl Global Industries 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -163.28 -198.35 -236.53 -174.47 -223.79

Pearl Global Industries 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 ₹-833 Mil.

* 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.

Pearl Global Industries  (BOM:532808) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Pearl Global Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-224 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹626 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹2,309 Mil.

Pearl Global Industries'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*625.824/-223.787
=2.80

* 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.

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

Pearl Global Industries (BOM:532808) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pearl Global Industries Ltd (BOM:532808) » Definitions » Interest Expense
Comparable Companies
BOM:541403 BOM:541700 BOM:532022 BOM:533552 BOM:533267 NSE:LUXIND BOM:538836 BOM:540048 BOM:521248 BOM:542484 OSTO:HM B MIL:MONC RL VFC WAR:LPP LEVI BOM:532827 TSX:GIL SHSE:600398 HKSE:03998
Traded in Other Exchanges
PGIL:India
Address
Pearl Tower, Plot No. 51, Sector - 32, Gurgaon, HR, IND, 122001
Website
https://www.pearlglobal.com
Pearl Global Industries Ltd is engaged in the manufacturing, sourcing, distribution, and export of ready-to-wear apparel through its domestic and global facilities and operations. The geographical segments of the company include Hong Kong, Bangladesh, India, and Others. The company earns majority of its revenue outside India. The company's product range comprises of knits, woven and bottoms across men, women, and kids wear segments.

Pearl Global Industries (BOM:532808) Headlines

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