Ballarpur Industries (BOM:500102) Interest Coverage : 0.22 (As of Mar. 2020)

Ballarpur Industries Interest Coverage Chart

Ballarpur Industries Annual Data
	Trend	Jun11	Jun12	Jun13	Jun14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20
Interest Coverage		Get a 7-Day Free Trial					0.84	-	0.09	0.43	0.28

Ballarpur Industries Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Interest Coverage	Get a 7-Day Free Trial															0.37	0.40	0.31	0.31	0.22

Competitive Comparison of Ballarpur Industries's Interest Coverage

For the Paper & Paper Products subindustry, Ballarpur Industries'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.

Ballarpur Industries's Interest Coverage Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Ballarpur Industries's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ballarpur Industries's Interest Coverage falls into.

Ballarpur Industries 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

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

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

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

Ballarpur Industries's Interest Coverage for the fiscal year that ended in Mar. 2020 is calculated as

Here, for the fiscal year that ended in Mar. 2020, Ballarpur Industries's Interest Expense was ₹-11,209 Mil. Its Operating Income was ₹3,184 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹51,465 Mil.

Ballarpur Industries's Interest Coverage for the quarter that ended in Mar. 2020 is calculated as

Here, for the three months ended in Mar. 2020, Ballarpur Industries's Interest Expense was ₹-5,138 Mil. Its Operating Income was ₹1,114 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹51,465 Mil.

* 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.

Ballarpur Industries  (BOM:500102) 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 .

Ballarpur Industries Interest Coverage Related Terms

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Ballarpur Industries (BOM:500102) Business Description