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Texmaco Infrastructure & Holdings (BOM:505400) Interest Coverage : 0 (At Loss) (As of Dec. 2024)


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What is Texmaco Infrastructure & Holdings 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. Texmaco Infrastructure & Holdings's Operating Income for the three months ended in Dec. 2024 was ₹-5.5 Mil. Texmaco Infrastructure & Holdings's Interest Expense for the three months ended in Dec. 2024 was ₹-6.1 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 Texmaco Infrastructure & Holdings's Interest Coverage or its related term are showing as below:


BOM:505400's Interest Coverage is not ranked *
in the Real Estate industry.
Industry Median: 3.98
* 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.


Texmaco Infrastructure & Holdings Interest Coverage Historical Data

The historical data trend for Texmaco Infrastructure & Holdings'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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Texmaco Infrastructure & Holdings Interest Coverage Chart

Texmaco Infrastructure & Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
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Texmaco Infrastructure & Holdings Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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Competitive Comparison of Texmaco Infrastructure & Holdings's Interest Coverage

For the Real Estate Services subindustry, Texmaco Infrastructure & Holdings'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.


Texmaco Infrastructure & Holdings's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Texmaco Infrastructure & Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Texmaco Infrastructure & Holdings's Interest Coverage falls into.


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Texmaco Infrastructure & Holdings 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.

Texmaco Infrastructure & Holdings'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, Texmaco Infrastructure & Holdings's Interest Expense was ₹-24.4 Mil. Its Operating Income was ₹-44.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹292.6 Mil.

Texmaco Infrastructure & Holdings did not have earnings to cover the interest expense.

Texmaco Infrastructure & Holdings's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Texmaco Infrastructure & Holdings's Interest Expense was ₹-6.1 Mil. Its Operating Income was ₹-5.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Texmaco Infrastructure & Holdings did not have earnings to cover the interest expense.

* 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.


Texmaco Infrastructure & Holdings  (BOM:505400) 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 .


Texmaco Infrastructure & Holdings Interest Coverage Related Terms

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


Texmaco Infrastructure & Holdings Business Description

Traded in Other Exchanges
Address
G. T. Karnal Road, Birla Mills Compound, Kamla Nagar, New Delhi, IND, 110007
Texmaco Infrastructure & Holdings Ltd is engaged in the Real Estate business. The company's segments consist of Real Estate, Mini Hydro Power, Trading of goods, and Job work services. It generates maximum revenue from the Real Estate segment. The company derives revenue in the form of rent.

Texmaco Infrastructure & Holdings Headlines

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