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Dhampure Speciality Sugars (BOM:531923) Interest Coverage : 222.68 (As of Dec. 2023)


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What is Dhampure Speciality Sugars 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. Dhampure Speciality Sugars's Operating Income for the three months ended in Dec. 2023 was ₹6.9 Mil. Dhampure Speciality Sugars's Interest Expense for the three months ended in Dec. 2023 was ₹-0.0 Mil. Dhampure Speciality Sugars's interest coverage for the quarter that ended in Dec. 2023 was 222.68. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Dhampure Speciality Sugars Ltd has no debt.

The historical rank and industry rank for Dhampure Speciality Sugars's Interest Coverage or its related term are showing as below:

BOM:531923' s Interest Coverage Range Over the Past 10 Years
Min: 2.08   Med: 9.83   Max: 112.04
Current: 112.04


BOM:531923's Interest Coverage is ranked better than
86.81% of 1380 companies
in the Consumer Packaged Goods industry
Industry Median: 8.625 vs BOM:531923: 112.04

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


Dhampure Speciality Sugars Interest Coverage Historical Data

The historical data trend for Dhampure Speciality Sugars'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.

Dhampure Speciality Sugars Interest Coverage Chart

Dhampure Speciality Sugars Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.83 - - 40.97 -

Dhampure Speciality Sugars Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 331.76 - 16.92 1,093.86 222.68

Competitive Comparison of Dhampure Speciality Sugars's Interest Coverage

For the Confectioners subindustry, Dhampure Speciality Sugars'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.


Dhampure Speciality Sugars's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dhampure Speciality Sugars's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Dhampure Speciality Sugars's Interest Coverage falls into.



Dhampure Speciality Sugars 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.

Dhampure Speciality Sugars's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Dhampure Speciality Sugars's Interest Expense was ₹-0.1 Mil. Its Operating Income was ₹-5.3 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Dhampure Speciality Sugars did not have earnings to cover the interest expense.

Dhampure Speciality Sugars's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Dhampure Speciality Sugars's Interest Expense was ₹-0.0 Mil. Its Operating Income was ₹6.9 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*6.903/-0.031
=222.68

* 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.


Dhampure Speciality Sugars  (BOM:531923) 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 .


Dhampure Speciality Sugars Interest Coverage Related Terms

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


Dhampure Speciality Sugars (BOM:531923) Business Description

Traded in Other Exchanges
N/A
Address
24, School Lane, Bengali Market, Near WTC, New Delhi, IND, 110001
Dhampure Speciality Sugars Ltd is an India-based specialty sugar manufacturer. The company is involved in multi-faceted businesses of manufacturing, consulting, marketing, imports and exports. Its products includes Brown sugar, Demerara, Muscovado sugar, Icing sugar, Coffee crystals, Castor sugar, Golden syrup, Jaggery, and Treacle. In addition, the company process manufactured spices. It sells the products in India and also exports it to other countries, of which prime revenue is generated within India.

Dhampure Speciality Sugars (BOM:531923) Headlines

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