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Bervin Investment & Leasing (BOM:531340) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Bervin Investment & Leasing 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. Bervin Investment & Leasing's Operating Income for the three months ended in Mar. 2024 was ₹-0.79 Mil. Bervin Investment & Leasing's Interest Expense for the three months ended in Mar. 2024 was ₹-1.40 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 Bervin Investment & Leasing's Interest Coverage or its related term are showing as below:


BOM:531340's Interest Coverage is not ranked *
in the Asset Management industry.
Industry Median: 44.555
* 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.


Bervin Investment & Leasing Interest Coverage Historical Data

The historical data trend for Bervin Investment & Leasing'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.

Bervin Investment & Leasing Interest Coverage Chart

Bervin Investment & Leasing 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 1.98 7.58 43.33 - -

Bervin Investment & Leasing Quarterly Data
Sep15 Dec15 Mar16 Jun16 Mar17 Mar18 Mar19 Mar20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - -

Competitive Comparison of Bervin Investment & Leasing's Interest Coverage

For the Asset Management subindustry, Bervin Investment & Leasing'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.


Bervin Investment & Leasing's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Bervin Investment & Leasing's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Bervin Investment & Leasing's Interest Coverage falls into.



Bervin Investment & Leasing 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.

Bervin Investment & Leasing'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, Bervin Investment & Leasing's Interest Expense was ₹-11.72 Mil. Its Operating Income was ₹-3.67 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

Bervin Investment & Leasing did not have earnings to cover the interest expense.

Bervin Investment & Leasing's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Bervin Investment & Leasing's Interest Expense was ₹-1.40 Mil. Its Operating Income was ₹-0.79 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

Bervin Investment & Leasing 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.


Bervin Investment & Leasing  (BOM:531340) 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 .


Bervin Investment & Leasing Interest Coverage Related Terms

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Bervin Investment & Leasing (BOM:531340) Business Description

Traded in Other Exchanges
N/A
Address
3, Tolstoy Marg, 607, Rohit House, New Delhi, IND, 110001
Bervin Investment & Leasing Ltd is an India-based finance company. Principally, it is engaged in the business of leasing and investment activities. It also engages in the leasing of assets/assets financing. It operates in one segment which is Investment and Leasing.

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