Gul Ahmed Textile Mills (KAR:GATM) Interest Expense : ₨-7,611 Mil (TTM As of Mar. 2024)

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What is Gul Ahmed Textile Mills Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gul Ahmed Textile Mills's interest expense for the three months ended in Mar. 2024 was ₨ -1,300 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₨-7,611 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. Gul Ahmed Textile Mills's Operating Income for the three months ended in Mar. 2024 was ₨ 2,750 Mil. Gul Ahmed Textile Mills's Interest Expense for the three months ended in Mar. 2024 was ₨ -1,300 Mil. Gul Ahmed Textile Mills's Interest Coverage for the quarter that ended in Mar. 2024 was 2.11. 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.

Gul Ahmed Textile Mills Interest Expense Historical Data

The historical data trend for Gul Ahmed Textile Mills'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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Gul Ahmed Textile Mills Interest Expense Chart

Gul Ahmed Textile Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-1,193.40

-1,681.93

-1,933.11

-3,221.89

-6,407.68

Gul Ahmed Textile Mills 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															-1,771.02	-1,980.49	-2,166.58	-2,163.18	-1,300.44

Gul Ahmed Textile Mills 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 ₨-7,611 Mil.

Gul Ahmed Textile Mills (KAR:GATM) 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.

Gul Ahmed Textile Mills's Interest Expense for the three months ended in Mar. 2024 was ₨-1,300 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₨2,750 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₨18,394 Mil.

Gul Ahmed Textile Mills'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	*	2750.275	/	-1300.443
	=	2.11

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

Gul Ahmed Textile Mills (KAR:GATM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gul Ahmed Textile Mills Ltd (KAR:GATM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No.H-7, Landhi Industrial Area, Landhi, Karachi, SD, PAK, 75120

Website

https://www.gulahmed.com

Gul Ahmed Textile Mills Ltd is engaged in the manufacturing and selling of textile products. The company's segments are Spinning which includes the production of different yarn using natural and artificial fibers, Weaving segment caters to in-house requirements for home textile, retail and distribution, and apparel division, Retail and Distribution segment is involved in retail sales through a chain of IDEAS retails outlets and its distribution channels. and Processing, Home Textile and Apparel segment deals in processing greige fabrics into various types of finished fabrics. It generates a majority of its revenue from the Home Textile segment.

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