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Step TwoBOM:531509 +6.51%35 Interest Coverage is No Debt (1) as of Mar. 2026, which is 100% below its 10-year median of 10,000.00. GuruFocus rates BOM:531509 with a GF Score™ of 35/100. The stock has 3 warning signs investors should review. Among 163 Credit Services companies, Step Two ranks better than 98.16% on this metric.
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. Step Two's
Operating Income
for the
three
months ended in Mar. 2026 was ₹-11.48 Mil. Step Two's Interest Expense for the
three
months ended in Mar. 2026 was ₹0.00 Mil.
Step Two has no debt.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Step Two Corp Ltd has no debt.
(1) 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.
The historical rank and industry rank for Step Two's Interest Coverage or its related term are showing as below:
BOM:531509'
s Interest Coverage Range Over the Past 10 Years
Min: 2773.5 Med: No Debt Max: No Debt
Current: No Debt
BOM:531509's Interest Coverage is ranked better than 98.16% of 163
companies
in the Credit Services industry
Industry Median: 52.24
vs BOM:531509: No Debt
Step Two (BOM:531509) 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 .
Step Two Interest Coverage Related Terms
Step Two Interest Coverage Historical Data
* Premium members only.
The historical data trend for Step Two'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:531509 vs V, MA, AXP: Interest Coverage Comparison
For the Credit Services subindustry, Step Two'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.
Step Two Interest Coverage vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Step Two's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Step Two'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:
* 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 No Debt <sup>(1)</sup> mean?
Step Two (BOM:531509) has a Interest Coverage of No Debt (1) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Step Two and its competitors. This is 100% below median its historical median of 10,000.00. Over the past decade, Step Two's Interest Coverage has ranged from 2,773.50 to 10,000.00. According to the industry distribution chart, Step Two ranks #3 out of 163 companies in the Credit Services industry, placing it in the top 1.8%.
Is Step Two's Interest Coverage too high?
Step Two's current Interest Coverage of No Debt (1) is 100% below median its 10-year median of 10,000.00. Over the past 10 years, this metric has ranged from a low of 2,773.50 to a high of 10,000.00. Based on the distribution chart, Step Two ranks #3 out of 163 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Step Two has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Step Two's Interest Coverage compare to V and MA?
According to the Credit Services industry distribution chart, Step Two ranks #3 out of 163 companies for Interest Coverage. This places Step Two in the top 2% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 52.24. Historically, Step Two's own Interest Coverage has ranged from 2,773.50 to 10,000.00 over the past decade. 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 Credit Services company?
The median Interest Coverage among Credit Services companies is 52.24, based on 163 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 Step Two and its competitors. For the Credit Services industry, the median Interest Coverage is 52.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Step Two's current Interest Coverage is No Debt (1), which is 100% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Step Two stock overvalued right now?
Step Two (BOM:531509) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1), which is 100% below median its 10-year median of 10,000.00. Step Two's overall GF Score™ is 35/100 with 3 warning signs to review. 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 Step Two (BOM:531509), the current Interest Coverage is No Debt (1) as of Mar. 2026. 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.
Step Two Corp Ltd is a registered non-banking finance company engaged in the business of providing finance. The Company is engaged in providing Business Loans, and is also engaged in Trading and Investment in Shares & Securities. The majority of the revenue is generated from Interest Income.
35GF Score
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