Manoj Vaibhav Gems N Jewellers (BOM:543995) Interest Coverage : 3.18 (As of Mar. 2024)

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What is Manoj Vaibhav Gems N Jewellers 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. Manoj Vaibhav Gems N Jewellers's Operating Income for the six months ended in Mar. 2024 was ₹1,418 Mil. Manoj Vaibhav Gems N Jewellers's Interest Expense for the six months ended in Mar. 2024 was ₹-446 Mil. Manoj Vaibhav Gems N Jewellers's interest coverage for the quarter that ended in Mar. 2024 was 3.18. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Manoj Vaibhav Gems N Jewellers's Interest Coverage or its related term are showing as below:

BOM:543995' s Interest Coverage Range Over the Past 10 Years
Min: 1.74 Med: 2.4 Max: 3.18
Current: 3.18

BOM:543995's Interest Coverage is ranked worse than
70.73% of 762 companies
in the Retail - Cyclical industry
Industry Median: 7.825 vs BOM:543995: 3.18

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

Manoj Vaibhav Gems N Jewellers Interest Coverage Historical Data

The historical data trend for Manoj Vaibhav Gems N Jewellers'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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Manoj Vaibhav Gems N Jewellers Interest Coverage Chart

Manoj Vaibhav Gems N Jewellers Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

1.82

1.74

2.40

3.16

3.18

Manoj Vaibhav Gems N Jewellers Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Interest Coverage	1.82	1.74	2.40	3.16	3.18

Competitive Comparison of Manoj Vaibhav Gems N Jewellers's Interest Coverage

For the Luxury Goods subindustry, Manoj Vaibhav Gems N Jewellers'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.

Manoj Vaibhav Gems N Jewellers's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Manoj Vaibhav Gems N Jewellers's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Manoj Vaibhav Gems N Jewellers's Interest Coverage falls into.

Manoj Vaibhav Gems N Jewellers 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.

Manoj Vaibhav Gems N Jewellers'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, Manoj Vaibhav Gems N Jewellers's Interest Expense was ₹-446 Mil. Its Operating Income was ₹1,418 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹596 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	1418.03	/	-445.53
	=	3.18

Manoj Vaibhav Gems N Jewellers's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, Manoj Vaibhav Gems N Jewellers's Interest Expense was ₹-446 Mil. Its Operating Income was ₹1,418 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹596 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1418.03	/	-445.53
	=	3.18

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

Manoj Vaibhav Gems N Jewellers (BOM:543995) 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 .

Manoj Vaibhav Gems N Jewellers Interest Coverage Related Terms

Thank you for viewing the detailed overview of Manoj Vaibhav Gems N Jewellers's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Manoj Vaibhav Gems N Jewellers (BOM:543995) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Manoj Vaibhav Gems N Jewellers Ltd (BOM:543995) » Definitions » Interest Coverage

Traded in Other Exchanges

MVGJL:India

Address

D. No:- 47-10-19, 2nd Lane, Dwarakanagar, Visakhapatnam, AP, IND, 530016

Website

https://www.vaibhavjewellers.com

Manoj Vaibhav Gems N Jewellers Ltd is a leading regional jewellery brand in South India led by a first-generation woman entrepreneur. It is a hyperlocal jewellery retail chain with a presence in the micro markets of Andhra Pradesh & Telangana with 13 showrooms (inclusive of two franchisee showrooms) across 8 towns and 2 cities. It caters to all economic segments of the micro markets of Andhra Pradesh and Telangana through its dedicated branded showrooms and has a strong rural market focus and a dedicated urban focus also. The company positioned itself as a retailer focussed on Relationships, by Design where it focuses on offering designs, high quality, transparency and customer service to its customers.

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