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Euro Ceramics (BOM:532823) Interest Coverage : 0 (At Loss) (As of Mar. 2019)


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What is Euro Ceramics 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. Euro Ceramics's Operating Income for the six months ended in Mar. 2019 was ₹-163.3 Mil. Euro Ceramics's Interest Expense for the six months ended in Mar. 2019 was ₹-3,861.8 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


BOM:532823's Interest Coverage is not ranked *
in the Construction industry.
Industry Median: 7.07
* Ranked among companies with meaningful Interest Coverage only.

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


Euro Ceramics Interest Coverage Historical Data

The historical data trend for Euro Ceramics'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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Euro Ceramics Interest Coverage Chart

Euro Ceramics Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
Interest Coverage
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Euro Ceramics Semi-Annual Data
Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Euro Ceramics's Interest Coverage

For the Building Products & Equipment subindustry, Euro Ceramics'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.


Euro Ceramics's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Euro Ceramics's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Euro Ceramics's Interest Coverage falls into.



Euro Ceramics 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.

Euro Ceramics's Interest Coverage for the fiscal year that ended in Mar. 2019 is calculated as

Here, for the fiscal year that ended in Mar. 2019, Euro Ceramics's Interest Expense was ₹-3,861.8 Mil. Its Operating Income was ₹-163.3 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹35.7 Mil.

Euro Ceramics did not have earnings to cover the interest expense.

Euro Ceramics's Interest Coverage for the quarter that ended in Mar. 2019 is calculated as

Here, for the six months ended in Mar. 2019, Euro Ceramics's Interest Expense was ₹-3,861.8 Mil. Its Operating Income was ₹-163.3 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹35.7 Mil.

Euro Ceramics did not have earnings to cover the 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.

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


Euro Ceramics  (BOM:532823) 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 .


Euro Ceramics Interest Coverage Related Terms

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


Euro Ceramics Business Description

Traded in Other Exchanges
N/A
Address
Vallabhbhai Road, Opposite Railway Station, 208, 2nd Floor, Sangam Arcade, Vile Parle (West), Mumbai, IND, 400 056
Euro Ceramics Ltd is an India based company engaged in the manufacturing and sells of vitrified tiles. It operates in three business segments including Tiles Division, Aluminium Division, and Realty Division. The tiles division, which is the key revenue driver, manufactures products including vitrified tiles, composite marble, sanitary ware products, and bathroom tiles. The company holds a global market presence with the majority of the revenue generated from the Indian market.

Euro Ceramics Headlines

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