Info-Drive Software (BOM:530703) Interest Coverage: 412.62 (As of Mar. 2017)

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What is Info-Drive Software Interest Coverage?

Info-Drive Software BOM:530703 Interest Coverage is 412.62 as of Mar. 2017.

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. Info-Drive Software's Operating Income for the six months ended in Mar. 2017 was ₹95 Mil. Info-Drive Software's Interest Expense for the six months ended in Mar. 2017 was ₹0 Mil. Info-Drive Software's interest coverage for the quarter that ended in Mar. 2017 was 412.62. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Info-Drive Software's Interest Coverage or its related term are showing as below:


BOM:530703's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 26.18
* 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.


Info-Drive Software  (BOM:530703) 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 .


Info-Drive Software Interest Coverage Related Terms


Info-Drive Software Interest Coverage Historical Data

* Premium members only.

The historical data trend for Info-Drive Software'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.

Info-Drive Software Interest Coverage Chart

Info-Drive Software Annual Data
Trend Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 2.50 35.83 412.62

Info-Drive Software Semi-Annual Data
Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 2.50 35.83 412.62

BOM:530703 vs IMCI: Interest Coverage Comparison

For the Information Technology Services subindustry, Info-Drive Software'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.


Info-Drive Software Interest Coverage vs Software Industry

For the Software industry and Technology sector, Info-Drive Software's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Info-Drive Software's Interest Coverage falls into.



Info-Drive Software 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.

Info-Drive Software's Interest Coverage for the fiscal year that ended in Mar. 2017 is calculated as

Here, for the fiscal year that ended in Mar. 2017, Info-Drive Software's Interest Expense was ₹0 Mil. Its Operating Income was ₹95 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1,125 Mil.

GuruFocus does not calculate Info-Drive Software's interest coverage with the available data.

Info-Drive Software's Interest Coverage for the quarter that ended in Mar. 2017 is calculated as

Here, for the six months ended in Mar. 2017, Info-Drive Software's Interest Expense was ₹0 Mil. Its Operating Income was ₹95 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1,125 Mil.

GuruFocus does not calculate Info-Drive Software's interest coverage with the available data.

* 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 412.62 mean?
Info-Drive Software (BOM:530703) has a Interest Coverage of 412.62 as of Mar. 2017. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Info-Drive Software and its competitors.
Is Info-Drive Software's Interest Coverage too high?
Info-Drive Software's current Interest Coverage is 412.62. The Software industry median Interest Coverage is 26.18. Info-Drive Software's value of 412.62 is 1476.1% above this industry median.
How does Info-Drive Software's Interest Coverage compare to IMCI?
Info-Drive Software's Interest Coverage of 412.62 can be compared against companies in the Software industry. The industry median Interest Coverage is 26.18. Info-Drive Software's value of 412.62 is 1476.1% above this benchmark. 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 Software company?
The median Interest Coverage among Software companies is 26.18, based on 1,698 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. Info-Drive Software's current Interest Coverage of 412.62 is 1476.1% above the industry median. 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 Info-Drive Software and its competitors. For the Software industry, the median Interest Coverage is 26.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Info-Drive Software's current Interest Coverage is 412.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Info-Drive Software stock overvalued right now?
Info-Drive Software (BOM:530703) has a current Interest Coverage of 412.62. The current Interest Coverage is 412.62 and 1476.1% above the Software industry median of 26.18. 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 Info-Drive Software (BOM:530703), the current Interest Coverage is 412.62 as of Mar. 2017. 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.

Info-Drive Software Business Description

Address 128 Cathedral Road, Crown Court, Sixth Floor, Office 3, Chennai, TN, IND, 600086
Info-Drive Software Ltd is an India-based company. The company is predominantly engaged in outsourcing business solutions from overseas markets, software development, infrastructure management services, systems integration, and trading of commodities. In addition, the company also provides turnkey system solutions, hardware optimization, and data center maintenance. The company product portfolio includes services like Enterprise business intelligence solutions; Consulting services and, Business process outsourcing. The majority of its revenue is generated from the Overseas market while it also has a presence in the Indian market.