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. Trident Tools's
Operating Income
for the
three
months ended in Jun. 2019 was ₹-12.39 Mil. Trident Tools's Interest Expense for the
three
months ended in Jun. 2019 was ₹0.00 Mil.
Trident Tools has no debt.
The higher the ratio, the stronger the company's financial strength is.
(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 Trident Tools's Interest Coverage or its related term are showing as below:
BOM:531972's Interest Coverage is not ranked *
in the Industrial Products industry.
Industry Median: 14.835 * 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 .
Trident Tools Interest Coverage Related Terms
Trident Tools Interest Coverage Historical Data
* Premium members only.
The historical data trend for Trident Tools'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.
For the Tools & Accessories subindustry, Trident Tools'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.
Trident Tools Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Trident Tools's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Trident Tools'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?
Trident Tools (BOM:531972) has a Interest Coverage of No Debt (1) as of Jun. 2019. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Trident Tools and its competitors.
Is Trident Tools' Interest Coverage too high?
Trident Tools' current Interest Coverage is No Debt (1). Overall, Trident Tools has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Trident Tools' Interest Coverage compare to TXHG?
Trident Tools' Interest Coverage of No Debt (1) can be compared against companies in the Industrial Products industry. The industry median Interest Coverage is 14.84. 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 an Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.84, based on 2,322 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 Trident Tools and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trident Tools's current Interest Coverage is No Debt (1). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trident Tools stock overvalued right now?
Trident Tools (BOM:531972) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1). Trident Tools' 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 Trident Tools (BOM:531972), the current Interest Coverage is No Debt (1) as of Jun. 2019. 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.
Trident Tools Ltd is engaged in the business of manufacturing saws and tools in India. It manufactures Hand Hacksaw Blades and Frames, Junior Hacksaw Blades and Frames, Power Hacksaw Blades and Bimetal Hole Saws.
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