GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » TPL Plastech Ltd (BOM:526582) » Definitions » Interest Coverage

TPL Plastech (BOM:526582) Interest Coverage : 7.05 (As of Sep. 2024)


View and export this data going back to 1994. Start your Free Trial

What is TPL Plastech 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. TPL Plastech's Operating Income for the three months ended in Sep. 2024 was ₹83 Mil. TPL Plastech's Interest Expense for the three months ended in Sep. 2024 was ₹-12 Mil. TPL Plastech's interest coverage for the quarter that ended in Sep. 2024 was 7.05. The higher the ratio, the stronger the company's financial strength is.

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

BOM:526582' s Interest Coverage Range Over the Past 10 Years
Min: 3.1   Med: 4.38   Max: 6.11
Current: 6.11


BOM:526582's Interest Coverage is ranked better than
50.79% of 315 companies
in the Packaging & Containers industry
Industry Median: 5.95 vs BOM:526582: 6.11

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


TPL Plastech Interest Coverage Historical Data

The historical data trend for TPL Plastech'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.

TPL Plastech Interest Coverage Chart

TPL Plastech Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.02 3.17 4.24 4.51 5.35

TPL Plastech 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.94 6.08 5.44 6.10 7.05

Competitive Comparison of TPL Plastech's Interest Coverage

For the Packaging & Containers subindustry, TPL Plastech'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.


TPL Plastech's Interest Coverage Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, TPL Plastech's Interest Coverage distribution charts can be found below:

* The bar in red indicates where TPL Plastech's Interest Coverage falls into.



TPL Plastech 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.

TPL Plastech'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, TPL Plastech's Interest Expense was ₹-57 Mil. Its Operating Income was ₹304 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹157 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*304.257/-56.882
=5.35

TPL Plastech's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, TPL Plastech's Interest Expense was ₹-12 Mil. Its Operating Income was ₹83 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹115 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*83.071/-11.776
=7.05

* 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.


TPL Plastech  (BOM:526582) 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 .


TPL Plastech Interest Coverage Related Terms

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


TPL Plastech Business Description

Traded in Other Exchanges
Address
Andheri Kurla Road, 203, 2nd Floor, Centre Point, Near J B Nagar Chakala Metro Station, J B Nagar, , Andheri (East), Mumbai, MH, IND, 400059
TPL Plastech Ltd is a manufacturer of plastic drums in India. The company's product includes Narrow mouth drums; Narrow mouth and Wide Mouth Carboys; Open Top Drums - Bulk and Medium; QuBC and COBO IBC and small pack. The Company's operates its business in India.

TPL Plastech Headlines

No Headlines