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Videocon Industries (BOM:511389) Interest Coverage : 0 (At Loss) (As of Sep. 2022)


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What is Videocon 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. Videocon Industries's Operating Income for the three months ended in Sep. 2022 was ₹-560 Mil. Videocon Industries's Interest Expense for the three months ended in Sep. 2022 was ₹-10,253 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 Videocon Industries's Interest Coverage or its related term are showing as below:


BOM:511389's Interest Coverage is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 8.88
* 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.


Videocon Industries Interest Coverage Historical Data

The historical data trend for Videocon 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.

* Premium members only.

Videocon Industries Interest Coverage Chart

Videocon Industries Annual Data
Trend Sep09 Dec10 Dec11 Dec14 Dec15 Mar17 Mar18 Mar19 Mar21 Mar22
Interest Coverage
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Videocon Industries Quarterly Data
Sep05 Sep06 Sep07 Sep08 Sep09 Dec10 Dec11 Dec15 Mar18 Mar19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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Competitive Comparison of Videocon Industries's Interest Coverage

For the Furnishings, Fixtures & Appliances subindustry, Videocon 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.


Videocon Industries's Interest Coverage Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Videocon Industries's Interest Coverage distribution charts can be found below:

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



Videocon 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.

Videocon Industries's Interest Coverage for the fiscal year that ended in Mar. 2022 is calculated as

Here, for the fiscal year that ended in Mar. 2022, Videocon Industries's Interest Expense was ₹-56,936 Mil. Its Operating Income was ₹-4,551 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Videocon Industries did not have earnings to cover the interest expense.

Videocon Industries's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Here, for the three months ended in Sep. 2022, Videocon Industries's Interest Expense was ₹-10,253 Mil. Its Operating Income was ₹-560 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Videocon Industries 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.


Videocon Industries  (BOM:511389) 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 .


Videocon Industries Interest Coverage Related Terms

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


Videocon Industries (BOM:511389) Business Description

Traded in Other Exchanges
N/A
Address
14 KM Stone, Aurangabad Paithan Road, Village Chittegaon, Taluka Paithan, Aurangabad, MH, IND, 431 105
Videocon Industries is an India-based company that focuses on manufacturing and distributing a variety of consumer electronics and home appliances. The company is principally engaged in three business segments: consumer electronics and home appliances; crude oil and natural gas; and telecommunications. The crude oil and natural gas segment generates the most revenue for the company through extraction and production of natural oil and gas. The consumer electronics and home appliances business focuses on manufacturing products that include air conditioners, refrigerators, televisions, washing machines, and small home appliances, and this business contributes the second-largest portion of the company's total revenue.

Videocon Industries (BOM:511389) Headlines

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