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Aurionpro Solutions (BOM:532668) Interest Coverage : 22.03 (As of Jun. 2024)


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What is Aurionpro Solutions 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. Aurionpro Solutions's Operating Income for the three months ended in Jun. 2024 was ₹499 Mil. Aurionpro Solutions's Interest Expense for the three months ended in Jun. 2024 was ₹-23 Mil. Aurionpro Solutions's interest coverage for the quarter that ended in Jun. 2024 was 22.03. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Aurionpro Solutions's Interest Coverage or its related term are showing as below:

BOM:532668' s Interest Coverage Range Over the Past 10 Years
Min: 3.12   Med: 5.78   Max: 21.65
Current: 21.65


BOM:532668's Interest Coverage is ranked worse than
54.05% of 1628 companies
in the Software industry
Industry Median: 29.035 vs BOM:532668: 21.65

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


Aurionpro Solutions Interest Coverage Historical Data

The historical data trend for Aurionpro Solutions'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.

Aurionpro Solutions Interest Coverage Chart

Aurionpro Solutions 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 3.12 - 15.83 16.59 18.21

Aurionpro Solutions Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 11.80 13.65 14.15 750.92 22.03

Competitive Comparison of Aurionpro Solutions's Interest Coverage

For the Software - Infrastructure subindustry, Aurionpro Solutions'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.


Aurionpro Solutions's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Aurionpro Solutions's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Aurionpro Solutions's Interest Coverage falls into.



Aurionpro Solutions 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.

Aurionpro Solutions'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, Aurionpro Solutions's Interest Expense was ₹-96 Mil. Its Operating Income was ₹1,749 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹99 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*1748.912/-96.034
=18.21

Aurionpro Solutions's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the three months ended in Jun. 2024, Aurionpro Solutions's Interest Expense was ₹-23 Mil. Its Operating Income was ₹499 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*498.605/-22.63
=22.03

* 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.


Aurionpro Solutions  (BOM:532668) 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 .


Aurionpro Solutions Interest Coverage Related Terms

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


Aurionpro Solutions Business Description

Traded in Other Exchanges
Address
Synergia IT Park, Plot No-R-270, T.T.C., Industrial Estate, Near Rabale Police Station, Rabale, Navi Mumbai, MH, IND, 400701
Aurionpro Solutions Ltd is a global technology solutions provider with a wide range of offerings catering to the varied customers which includes large banks and financial institutions, governments, government undertakings and other business organizations. Its Smart-Lender Product Suite is an end-to-end integrated credit risk management system which improves productivity, enhances credit quality and improves operational efficiency. The iCashpro+ is the next generation transaction banking platform. The company is an established player in the Smart City segment in India and has successfully implemented 3D City and City Surveillance projects in various states. The company derives revenues from information technologies and consultancy services and sale of equipment and software licenses.

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