KJMCorate Advisors (India) (BOM:532304) Interest Coverage : 3.50 (As of Mar. 2024)

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What is KJMCorate Advisors (India) 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. KJMCorate Advisors (India)'s Operating Income for the three months ended in Mar. 2024 was ₹2.14 Mil. KJMCorate Advisors (India)'s Interest Expense for the three months ended in Mar. 2024 was ₹-0.61 Mil. KJMCorate Advisors (India)'s interest coverage for the quarter that ended in Mar. 2024 was 3.50. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for KJMCorate Advisors (India)'s Interest Coverage or its related term are showing as below:

BOM:532304' s Interest Coverage Range Over the Past 10 Years
Min: 11.96 Med: 25.22 Max: 38.47
Current: 11.96

BOM:532304's Interest Coverage is ranked worse than
56.56% of 465 companies
in the Capital Markets industry
Industry Median: 21.7 vs BOM:532304: 11.96

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

KJMCorate Advisors (India) Interest Coverage Historical Data

The historical data trend for KJMCorate Advisors (India)'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.

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KJMCorate Advisors (India) Interest Coverage Chart

KJMCorate Advisors (India) Annual Data

Trend

Mar15

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Mar24

Interest Coverage

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11.96

KJMCorate Advisors (India) Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															-	13.47	17.34	15.35	3.50

Competitive Comparison of KJMCorate Advisors (India)'s Interest Coverage

For the Capital Markets subindustry, KJMCorate Advisors (India)'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.

KJMCorate Advisors (India)'s Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, KJMCorate Advisors (India)'s Interest Coverage distribution charts can be found below:

* The bar in red indicates where KJMCorate Advisors (India)'s Interest Coverage falls into.

KJMCorate Advisors (India) 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.

KJMCorate Advisors (India)'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, KJMCorate Advisors (India)'s Interest Expense was ₹-2.13 Mil. Its Operating Income was ₹25.52 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹6.53 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	25.518	/	-2.133
	=	11.96

KJMCorate Advisors (India)'s Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, KJMCorate Advisors (India)'s Interest Expense was ₹-0.61 Mil. Its Operating Income was ₹2.14 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹6.53 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	2.141	/	-0.611
	=	3.50

The higher the ratio, the stronger the company's Financial Strength is.

KJMCorate Advisors (India) (BOM:532304) 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 .

KJMCorate Advisors (India) Interest Coverage Related Terms

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KJMCorate Advisors (India) (BOM:532304) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » KJMC Corporate Advisors (India) Ltd (BOM:532304) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

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Address

162, Atlanta, 16th Floor, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.kjmcfinserv.com

KJMC Corporate Advisors (India) Ltd provides merchant banking services. The company is in the business of providing Corporate Advisory, Financial Advisory, Equity Valuation, and Investment Banking services It offers various services to the corporate sector which include merchant banking, mergers, and acquisition advisory services, syndication of funds, syndication of debt, and channel financing. The company operates with a single business segment of merchant banking operations in India. The company's revenue is generated from the Sale of Services, Brokerage and Depository Income, sale of Shares / Mutual Funds, Fair Value Changes, and Interest Income; the majority being from Brokerage and depository Income.

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