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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. Fenoplast's
Operating Income
for the
three
months ended in Mar. 2020 was ₹-214 Mil. Fenoplast's Interest Expense for the
three
months ended in Mar. 2020 was ₹-33 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 Fenoplast's Interest Coverage or its related term are showing as below:
BOM:526689's Interest Coverage is not ranked *
in the Chemicals industry.
Industry Median: 10.13 * 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 .
Fenoplast Interest Coverage Related Terms
Fenoplast Interest Coverage Historical Data
* Premium members only.
The historical data trend for Fenoplast'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.
BOM:526689 vs LIN, ECL, SHW: Interest Coverage Comparison
For the Specialty Chemicals subindustry, Fenoplast'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.
Fenoplast Interest Coverage vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Fenoplast's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Fenoplast'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:
Fenoplast 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.
What does a Interest Coverage of 0 (At Loss) mean?
Fenoplast (BOM:526689) has a Interest Coverage of 0 (At Loss) as of Mar. 2020. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Fenoplast and its competitors.
Is Fenoplast's Interest Coverage too high?
Fenoplast's current Interest Coverage is 0 (At Loss). Overall, Fenoplast has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Fenoplast's Interest Coverage compare to LIN and ECL?
Fenoplast's Interest Coverage of 0 (At Loss) can be compared against companies in the Chemicals industry. The industry median Interest Coverage is 10.13. 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 Chemicals company?
The median Interest Coverage among Chemicals companies is 10.13, based on 1,232 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 Fenoplast and its competitors. For the Chemicals industry, the median Interest Coverage is 10.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fenoplast's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fenoplast stock overvalued right now?
Fenoplast (BOM:526689) has a current Interest Coverage of 0 (At Loss). The current Interest Coverage is 0 (At Loss). Fenoplast's overall GF Score™ is 4/100. 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 Fenoplast (BOM:526689), the current Interest Coverage is 0 (At Loss) as of Mar. 2020. 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.
Fenoplast Ltd manufactures PVC Film and PVC Leather Cloth. PVC Film is used in the pharma industry for tablets packaging, healthcare products packaging and in the packaging of consumer goods like shaving products, tooth brushes, batteries, tools, and toys, among others. PVC Leather Cloth is used for car upholstery, motor cycle seat covers, auto rickshaw hoods and seats, tractors, trucks, and buses. It is also used for making ladies bags and footwear. The company's segments include PVC Leather Cloth and PVC Film. Majority of the revenue is derived from PVC Film segment. Its operations are spread in India and outside India.
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