Nimbus Projects (BOM:511714) Interest Coverage : 0 (At Loss) (As of Dec. 2024)

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What is Nimbus Projects 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. Nimbus Projects's Operating Income for the three months ended in Dec. 2024 was ₹-0.69 Mil. Nimbus Projects's Interest Expense for the three months ended in Dec. 2024 was ₹-29.24 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Nimbus Projects Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for Nimbus Projects's Interest Coverage or its related term are showing as below:

BOM:511714' s Interest Coverage Range Over the Past 10 Years
Min: 0.27 Med: 2.29 Max: 5.29
Current: 0.67

BOM:511714's Interest Coverage is ranked worse than
91.92% of 1324 companies
in the Real Estate industry
Industry Median: 3.995 vs BOM:511714: 0.67

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

Nimbus Projects Interest Coverage Historical Data

The historical data trend for Nimbus Projects'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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Nimbus Projects Interest Coverage Chart

Nimbus Projects Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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5.29

0.27

2.03

2.75

Nimbus Projects Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Nimbus Projects's Interest Coverage

For the Real Estate - Development subindustry, Nimbus Projects'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.

Nimbus Projects's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Nimbus Projects's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Nimbus Projects's Interest Coverage falls into.

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Nimbus Projects 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.

Nimbus Projects'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, Nimbus Projects's Interest Expense was ₹-7.11 Mil. Its Operating Income was ₹19.55 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹64.84 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	19.548	/	-7.112
	=	2.75

Nimbus Projects's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Nimbus Projects's Interest Expense was ₹-29.24 Mil. Its Operating Income was ₹-0.69 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

Nimbus Projects did not have earnings to cover the interest expense.

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

Nimbus Projects (BOM:511714) 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 .

Nimbus Projects Interest Coverage Related Terms

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

Nimbus Projects Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Nimbus Projects Ltd (BOM:511714) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

23, Barakhamba Road, 1001-1006, 10th Floor Narain Manzil, New Delhi, IND, 110001

Website

https://www.nimbusprojectsltd.com

Nimbus Projects Ltd is engaged in the construction of residential flats through Special Purpose Vehicles (SPVs) and these SPVs have been allotted plots of land on long term lease, under Builders Residential Scheme (BRS) of the New Okhla Industrial Development Authority (NOIDA), Greater Noida Industrial Development Authority (GNIDA) and Yamuna Expressway Authority (YEA). The projects developed by the company include Express Park View- I, The Hyde Park, The Golden Palms, The Express Park View II, and Nimbus The Palm Village. The company generates the majority of its revenue from the sale of residential property/plot/flat, followed by income from renting services.

Nimbus Projects Headlines

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