Moxsh Overseas Educon (NSE:MOXSH) Interest Coverage : 2.46 (As of Sep. 2023)

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What is Moxsh Overseas Educon 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. Moxsh Overseas Educon's Operating Income for the six months ended in Sep. 2023 was ₹3.9 Mil. Moxsh Overseas Educon's Interest Expense for the six months ended in Sep. 2023 was ₹-1.6 Mil. Moxsh Overseas Educon's interest coverage for the quarter that ended in Sep. 2023 was 2.46. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Moxsh Overseas Educon's Interest Coverage or its related term are showing as below:

NSE:MOXSH' s Interest Coverage Range Over the Past 10 Years
Min: 3.52 Med: 32.29 Max: 83.87
Current: 9.16

NSE:MOXSH's Interest Coverage is ranked worse than
61.33% of 181 companies
in the Education industry
Industry Median: 15.51 vs NSE:MOXSH: 9.16

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

Moxsh Overseas Educon Interest Coverage Historical Data

The historical data trend for Moxsh Overseas Educon'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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Moxsh Overseas Educon Interest Coverage Chart

Moxsh Overseas Educon Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Interest Coverage

53.75

3.52

83.87

10.82

Moxsh Overseas Educon Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial			No Debt	No Debt	0.94	32.57	2.46

Competitive Comparison of Moxsh Overseas Educon's Interest Coverage

For the Education & Training Services subindustry, Moxsh Overseas Educon'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.

Moxsh Overseas Educon's Interest Coverage Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Moxsh Overseas Educon's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Moxsh Overseas Educon's Interest Coverage falls into.

Moxsh Overseas Educon 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.

Moxsh Overseas Educon's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Moxsh Overseas Educon's Interest Expense was ₹-1.4 Mil. Its Operating Income was ₹15.6 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	15.619	/	-1.443
	=	10.82

Moxsh Overseas Educon's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Moxsh Overseas Educon's Interest Expense was ₹-1.6 Mil. Its Operating Income was ₹3.9 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	3.877	/	-1.576
	=	2.46

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

Moxsh Overseas Educon (NSE:MOXSH) 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 .

Moxsh Overseas Educon Interest Coverage Related Terms

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

Moxsh Overseas Educon (NSE:MOXSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Moxsh Overseas Educon Ltd (NSE:MOXSH) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hasumal Tandel Marg, 159/160, Kaliandas Udhyog Bhavan, Century Bazar, Prabhadevi, Mumbai, MH, IND, 400025

Website

https://www.moksh16.com

Moxsh Overseas Educon Ltd is an Edu-Medi Tech company engaged in the business of offering diverse and cohesive learning solutions, counselling and mobility services to students aspiring to pursue medical studies (MBBS) in India or abroad under its brand MOKSH. It also provides advisory to students for their medical career planning and execution. The company is a digitally native, technology led business, providing online learning program (test preparation) for medical entrance examinations, NEET-UG and for medicos (i.e. medical aspirants or graduates of a medical school) to appear for medical licensing examination, such as USMLE, PLAB, DHA, NeXT, FMGE etc, under its brand MOKSH Academy.

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