Classic Global Finance & Capital (BOM:538433) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2022)

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What is Classic Global Finance & Capital 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. Classic Global Finance & Capital's Operating Income for the three months ended in Dec. 2022 was ₹0.10 Mil. Classic Global Finance & Capital's Interest Expense for the three months ended in Dec. 2022 was ₹0.00 Mil. Classic Global Finance & Capital has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for Classic Global Finance & Capital's Interest Coverage or its related term are showing as below:

BOM:538433's Interest Coverage is not ranked ^*
in the Capital Markets industry.
Industry Median: 21.51
* 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.

Classic Global Finance & Capital Interest Coverage Historical Data

The historical data trend for Classic Global Finance & Capital'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.

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Classic Global Finance & Capital Interest Coverage Chart

Classic Global Finance & Capital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Interest Coverage

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No Debt

187.00

34.50

93.33

1.80

Classic Global Finance & Capital Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Interest Coverage	Get a 7-Day Free Trial															No Debt	N/A	No Debt	N/A	No Debt

Competitive Comparison of Classic Global Finance & Capital's Interest Coverage

For the Capital Markets subindustry, Classic Global Finance & Capital'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.

Classic Global Finance & Capital's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Classic Global Finance & Capital's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Classic Global Finance & Capital's Interest Coverage falls into.

Classic Global Finance & Capital 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.

Classic Global Finance & Capital's Interest Coverage for the fiscal year that ended in Mar. 2022 is calculated as

Here, for the fiscal year that ended in Mar. 2022, Classic Global Finance & Capital's Interest Expense was ₹-0.41 Mil. Its Operating Income was ₹0.73 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹42.09 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2022 )	/	Interest Expense (A: Mar. 2022 )
	=	-1	*	0.734	/	-0.407
	=	1.80

Classic Global Finance & Capital's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the three months ended in Dec. 2022, Classic Global Finance & Capital's Interest Expense was ₹0.00 Mil. Its Operating Income was ₹0.10 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

Classic Global Finance & Capital had no debt ⁽¹⁾.

The higher the ratio, the stronger the company's Financial Strength is.

Classic Global Finance & Capital (BOM:538433) 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 .

Classic Global Finance & Capital Interest Coverage Related Terms

Thank you for viewing the detailed overview of Classic Global Finance & Capital's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Classic Global Finance & Capital (BOM:538433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Classic Global Finance & Capital Ltd (BOM:538433) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Office Number 8, Sodhi Complex, IInd Floor, Miller Ganj, Opposite Ramgarhia School, Ludhiana, IND, 141003

Website

https://www.classicgfcl.com

Classic Global Finance & Capital Ltd operates as a broking company in India. It offers loans for the purchase of equipment and machinery, working capital loans, loans for business or capacity expansion, term loans against property, loans for the purchase of commercial property, and lease rental discounting services. The company also provides investment services to purchase, acquire, subscribe, hold, and dispose of or otherwise invest/deal in shares, debenture stocks, bonds, obligations and securities, units, and other instruments. In addition, it acts as an agent/sub-agent of various agencies, mutual funds, and institutions for the mobilization of funds, deposits, and loans or other securities/units.

Classic Global Finance & Capital (BOM:538433) Headlines

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Classic Global Finance & Capital (BOM:538433) Interest Coverage : No Debt (1) (As of Dec. 2022)