Gillette India (NSE:GILLETTE) Interest Expense : ₹-91 Mil (TTM As of Mar. 2024)

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What is Gillette India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gillette India's interest expense for the three months ended in Mar. 2024 was ₹ -26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-91 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. Gillette India's Operating Income for the three months ended in Mar. 2024 was ₹ 1,397 Mil. Gillette India's Interest Expense for the three months ended in Mar. 2024 was ₹ -26 Mil. Gillette India's Interest Coverage for the quarter that ended in Mar. 2024 was 54.36. 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.

Gillette India Interest Expense Historical Data

The historical data trend for Gillette India'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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Gillette India Interest Expense Chart

Gillette India Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-78.50

-54.40

-52.50

-105.30

-77.70

Gillette India 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															-7.70	-31.60	-1.30	-32.50	-25.70

Gillette India 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 ₹-91 Mil.

Gillette India (NSE:GILLETTE) 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.

Gillette India's Interest Expense for the three months ended in Mar. 2024 was ₹-26 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹1,397 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0 Mil.

Gillette India'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	*	1397	/	-25.7
	=	54.36

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Gillette India Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Gillette India (NSE:GILLETTE) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gillette India Ltd (NSE:GILLETTE) » Definitions » Interest Expense

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507815:India

Address

Cardinal Gracias Road, P&G Plaza, Chakala, Andheri (East), Mumbai, MH, IND, 400099

Website

https://in.pg.com

Gillette India Ltd is an Indian personal-care products company. The company manufactures and sells products in the grooming and shaving businesses. The company has two main categories: a pre- and post-shave category, and a razors, trimmers, and blades category. The pre- and post-shave category offers shaving creams, gels, foams, skincare products, and aftershaves. The razors, trimmers, and blades category offers trimmers, body razors, disposable razors, and manual and waterproof power razors. The company has two reportable segments: grooming segment and the oral care segment. The grooming segment is the key revenue generator. The company's products are sold through retailers such as mass merchandisers, grocery stores, and drugstores, as well as department stores.

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