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Mipco Seamless Rings (Gujarat)BOM:505797 +4.94%18 Interest Coverage is No Debt (1) as of Jun. 2026, which is 100% below its 10-year median of 10,000.00. GuruFocus rates BOM:505797 with a GF Score™ of 18/100. The stock has 1 warning sign investors should review. Among 423 Diversified Financial Services companies, Mipco Seamless Rings (Gujarat) ranks worse than 236406.38% on this metric.
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. Mipco Seamless Rings (Gujarat)'s
Operating Income
for the
three
months ended in Jun. 2026 was ₹0.64 Mil. Mipco Seamless Rings (Gujarat)'s Interest Expense for the
three
months ended in Jun. 2026 was ₹0.00 Mil.
Mipco Seamless Rings (Gujarat) has no debt.
The higher the ratio, the stronger the company's financial strength is.
(1) 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.
The historical rank and industry rank for Mipco Seamless Rings (Gujarat)'s Interest Coverage or its related term are showing as below:
BOM:505797's Interest Coverage is not ranked *
in the Diversified Financial Services industry.
Industry Median: No Debt * Ranked among companies with meaningful Interest Coverage only.
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 .
Mipco Seamless Rings (Gujarat) Interest Coverage Related Terms
Mipco Seamless Rings (Gujarat) Interest Coverage Historical Data
* 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.
BOM:505797 vs CCXI, DMII, EVAC: Interest Coverage Comparison
For the Shell Companies subindustry, Mipco Seamless Rings (Gujarat)'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.
Mipco Seamless Rings (Gujarat) Interest Coverage vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Mipco Seamless Rings (Gujarat)'s Interest Coverage distribution charts can be found below:
* The bar in red indicates where Mipco Seamless Rings (Gujarat)'s Interest Coverage falls into.
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:
* 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.
What does a Interest Coverage of No Debt <sup>(1)</sup> mean?
Mipco Seamless Rings (Gujarat) (BOM:505797) has a Interest Coverage of No Debt (1) as of Jun. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Mipco Seamless Rings (Gujarat) and its competitors. This is 100% below median its historical median of 10,000.00. Over the past decade, Mipco Seamless Rings (Gujarat)'s Interest Coverage has ranged from 208.80 to 10,000.00. According to the industry distribution chart, Mipco Seamless Rings (Gujarat) ranks #999999 out of 423 companies in the Diversified Financial Services industry.
Is Mipco Seamless Rings (Gujarat)'s Interest Coverage too high?
Mipco Seamless Rings (Gujarat)'s current Interest Coverage of No Debt (1) is 100% below median its 10-year median of 10,000.00. Over the past 10 years, this metric has ranged from a low of 208.80 to a high of 10,000.00. Based on the distribution chart, Mipco Seamless Rings (Gujarat) ranks #999999 out of 423 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, Mipco Seamless Rings (Gujarat) has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Mipco Seamless Rings (Gujarat)'s Interest Coverage compare to CCXI and DMII?
According to the Diversified Financial Services industry distribution chart, Mipco Seamless Rings (Gujarat) ranks #999999 out of 423 companies for Interest Coverage. This places Mipco Seamless Rings (Gujarat) in the lower half of its industry. The industry median Interest Coverage is 10,000.00. Historically, Mipco Seamless Rings (Gujarat)'s own Interest Coverage has ranged from 208.80 to 10,000.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Diversified Financial Services company?
The median Interest Coverage among Diversified Financial Services companies is 10,000.00, based on 423 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Mipco Seamless Rings (Gujarat) and its competitors. For the Diversified Financial Services industry, the median Interest Coverage is 10,000.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mipco Seamless Rings (Gujarat)'s current Interest Coverage is No Debt (1), which is 100% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mipco Seamless Rings (Gujarat) stock overvalued right now?
Mipco Seamless Rings (Gujarat) (BOM:505797) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1), which is 100% below median its 10-year median of 10,000.00. Mipco Seamless Rings (Gujarat)'s overall GF Score™ is 18/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Mipco Seamless Rings (Gujarat) (BOM:505797), the current Interest Coverage is No Debt (1) as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Mipco Seamless Rings (Gujarat) Ltd was previously engaged in the business of the media, communication, and entertainment sector. Currently, it has no operations and is evaluating opportunities available in the current market scenario to revive its activities.
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