Neelamalai Agro Industries (BOM:508670) Interest Coverage : 0 (At Loss) (As of Sep. 2024)

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What is Neelamalai Agro Industries 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. Neelamalai Agro Industries's Operating Income for the three months ended in Sep. 2024 was ₹-3.1 Mil. Neelamalai Agro Industries's Interest Expense for the three months ended in Sep. 2024 was ₹-0.0 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 Neelamalai Agro Industries's Interest Coverage or its related term are showing as below:

BOM:508670's Interest Coverage is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 8.175
* 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.

Neelamalai Agro Industries Interest Coverage Historical Data

The historical data trend for Neelamalai Agro Industries'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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Neelamalai Agro Industries Interest Coverage Chart

Neelamalai Agro Industries Annual Data

Trend

Mar15

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Mar19

Mar20

Mar21

Mar22

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Mar24

Interest Coverage

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1.98

Neelamalai Agro Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Coverage	Get a 7-Day Free Trial															No Debt	-	-	-	-

Competitive Comparison of Neelamalai Agro Industries's Interest Coverage

For the Farm Products subindustry, Neelamalai Agro 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.

Neelamalai Agro Industries's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Neelamalai Agro Industries's Interest Coverage distribution charts can be found below:

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

Neelamalai Agro 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

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.

Neelamalai Agro Industries'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, Neelamalai Agro Industries's Interest Expense was ₹-0.0 Mil. Its Operating Income was ₹-46.9 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Neelamalai Agro Industries did not have earnings to cover the interest expense.

Neelamalai Agro Industries's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Neelamalai Agro Industries's Interest Expense was ₹-0.0 Mil. Its Operating Income was ₹-3.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Neelamalai Agro Industries did not have earnings to cover the interest expense.

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

Neelamalai Agro Industries (BOM:508670) 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 .

Neelamalai Agro Industries Interest Coverage Related Terms

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Neelamalai Agro Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Neelamalai Agro Industries Ltd (BOM:508670) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 60, Rukmini Lakshmipathy Salai, Egmore, Chennai, TN, IND, 600 008

Website

http://www.neelamalaiagro.com

Neelamalai Agro Industries Ltd is engaged in plantation activity and the crop dealt with by the firm is tea. The main business of the company is tea cultivation, tea manufacturing, marketing, sales and export of tea. The firm has two estates, including Katary and Sutton Estates, located in the Nilgiris District in Tamil Nadu. The company sells its product in the domestic as well as international market and earns good revenue from both markets. The Company operates in a single Business segment namely Cultivation, Manufacturing and Marketing of Tea.

Neelamalai Agro Industries Headlines

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