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Indiabulls Real Estate (BOM:532832) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Indiabulls Real Estate Interest Coverage?

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 by its Interest Expense. Indiabulls Real Estate's Operating Income for the three months ended in Mar. 2024 was ₹-3,173 Mil. Indiabulls Real Estate's Interest Expense for the three months ended in Mar. 2024 was ₹-23 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Indiabulls Real Estate's Interest Coverage or its related term are showing as below:


BOM:532832's Interest Coverage is not ranked *
in the Real Estate industry.
Industry Median: 4.03
* Ranked among companies with meaningful Interest Coverage only.

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


Indiabulls Real Estate Interest Coverage Historical Data

The historical data trend for Indiabulls Real Estate's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Indiabulls Real Estate Interest Coverage Chart

Indiabulls Real Estate Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
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Indiabulls Real Estate Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Coverage 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 - - - - -

Competitive Comparison of Indiabulls Real Estate's Interest Coverage

For the Real Estate - Development subindustry, Indiabulls Real Estate's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Indiabulls Real Estate's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Indiabulls Real Estate's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Indiabulls Real Estate's Interest Coverage falls into.



Indiabulls Real Estate Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


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

Indiabulls Real Estate's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Indiabulls Real Estate's Interest Expense was ₹-92 Mil. Its Operating Income was ₹-4,394 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹2,679 Mil.

Indiabulls Real Estate did not have earnings to cover the interest expense.

Indiabulls Real Estate's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Indiabulls Real Estate's Interest Expense was ₹-23 Mil. Its Operating Income was ₹-3,173 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹2,679 Mil.

Indiabulls Real Estate did not have earnings to cover the interest expense.

* 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.


Indiabulls Real Estate  (BOM:532832) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Indiabulls Real Estate Interest Coverage Related Terms

Thank you for viewing the detailed overview of Indiabulls Real Estate's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Indiabulls Real Estate (BOM:532832) Business Description

Traded in Other Exchanges
Address
Dr. Annie Besant Road, WeWork Vaswani Chambers, 3rd Floor, 264-265, Municipal Colony, Worli Shivaji Nagar, Worli, Mumbai, MH, IND, 400030
Indiabulls Real Estate Ltd is an India-based real estate developer. The company is involved in the construction and development of residential, commercial, and special economic zone projects across the majority of Indian metropolitan areas and London. Among other projects, the company is developing premium, high-end commercial, residential, and retail space apart from Tier 1 cities.

Indiabulls Real Estate (BOM:532832) Headlines

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