Page Industries (BOM:532827) Interest Coverage : 19.71 (As of Dec. 2023)

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What is Page Industries 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. Page Industries's Operating Income for the three months ended in Dec. 2023 was ₹2,070 Mil. Page Industries's Interest Expense for the three months ended in Dec. 2023 was ₹-105 Mil. Page Industries's interest coverage for the quarter that ended in Dec. 2023 was 19.71. The higher the ratio, the stronger the company's financial strength is.

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

BOM:532827' s Interest Coverage Range Over the Past 10 Years
Min: 14.19 Med: 19.62 Max: 36.79
Current: 15.7

BOM:532827's Interest Coverage is ranked better than
72.54% of 710 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.325 vs BOM:532827: 15.70

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

Page Industries Interest Coverage Historical Data

The historical data trend for Page Industries'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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Page Industries Interest Coverage Chart

Page Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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36.79

14.19

15.72

22.46

19.12

Page Industries 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															17.35	8.64	17.34	18.68	19.71

Competitive Comparison of Page Industries's Interest Coverage

For the Apparel Manufacturing subindustry, Page Industries'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.

Page Industries's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Page Industries's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Page Industries's Interest Coverage falls into.

Page Industries 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.

Page Industries'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, Page Industries's Interest Expense was ₹-413 Mil. Its Operating Income was ₹7,893 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1,218 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	7892.93	/	-412.82
	=	19.12

Page Industries's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Page Industries's Interest Expense was ₹-105 Mil. Its Operating Income was ₹2,070 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	2070.442	/	-105.04
	=	19.71

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

Page Industries (BOM:532827) 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 .

Page Industries Interest Coverage Related Terms

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

Page Industries (BOM:532827) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Page Industries Ltd (BOM:532827) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

PAGEIND:India

Address

Outer Ring Road, Umiya Business Bay, 7th Floor, Tower-1, Cessna Business Park, Kadubeesanahalli, Varthur Hobli, Bangalore, KA, IND, 560103

Website

https://www.pageind.com

Page Industries Ltd is the exclusive licensee for the manufacture, marketing, and distribution of Jockey- and Speedo-branded apparel in India. The company also has the rights to Jockey in Sri Lanka, Bangladesh, Nepal, and the United Arab Emirates. Sales of innerwear and leisurewear products contribute Most of the company's revenue. Swimwear and other items make up the remaining revenue. The company sells its products through exclusive brand stores, some of which are run by franchisees, large-format stores, multibrand stores, and its e-commerce channel. Most of the company's sales are in India.

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