Bizotic Commercial (BOM:543926) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Bizotic Commercial 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. Bizotic Commercial's Operating Income for the six months ended in Mar. 2024 was ₹-13.1 Mil. Bizotic Commercial's Interest Expense for the six months ended in Mar. 2024 was ₹-3.8 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 Bizotic Commercial's Interest Coverage or its related term are showing as below:

BOM:543926' s Interest Coverage Range Over the Past 10 Years
Min: 0.17 Med: 24.74 Max: 108.38
Current: 0.17

BOM:543926's Interest Coverage is ranked worse than
97.91% of 716 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.23 vs BOM:543926: 0.17

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

Bizotic Commercial Interest Coverage Historical Data

The historical data trend for Bizotic Commercial'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.

Bizotic Commercial Interest Coverage Chart

Bizotic Commercial Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

Get a 7-Day Free Trial

36.64

12.84

107.12

8.65

0.17

Bizotic Commercial Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Coverage	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	4.74	-

Competitive Comparison of Bizotic Commercial's Interest Coverage

For the Apparel Manufacturing subindustry, Bizotic Commercial'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.

Bizotic Commercial's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bizotic Commercial's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Bizotic Commercial's Interest Coverage falls into.

Bizotic Commercial 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.

Bizotic Commercial'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, Bizotic Commercial's Interest Expense was ₹-6.8 Mil. Its Operating Income was ₹1.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹9.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	1.148	/	-6.777
	=	0.17

Bizotic Commercial's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, Bizotic Commercial's Interest Expense was ₹-3.8 Mil. Its Operating Income was ₹-13.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹9.0 Mil.

Bizotic Commercial did not have earnings to cover the interest expense.

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

Bizotic Commercial (BOM:543926) 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 .

Bizotic Commercial Interest Coverage Related Terms

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

Bizotic Commercial (BOM:543926) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bizotic Commercial Ltd (BOM:543926) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khokhra Circle, D-8, Samet Business Park, Near Parishkar, Khokhra, Ahmedabad, GJ, IND, 380008

Website

https://www.urbanunited.in

Bizotic Commercial Ltd manufactures, designs, and markets readymade garments, offering a diverse range of men's Formal Wear, Casual Wear, Party Wear, Fit Wear, Sports Wear, Comfort Wear, Ethnic Wear, and Winter Wear. It serves its customers through the channels of retail stores and e-commerce. its garment manufacturing process includes cutting, stitching, sewing, finishing, inspection, and packing. The company outsources the entire garments manufacturing on a job work basis from third-party contractors from time to time and provides the technical specifications such as designs, pattern, quality, fabric, etc. to them who, based on the specifications, procure the requisite raw materials at their costs and begin the manufacturing process.

Bizotic Commercial (BOM:543926) Headlines

No Headlines