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Tijaria Polypipes (BOM:533629) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Tijaria Polypipes 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. Tijaria Polypipes's Operating Income for the three months ended in Mar. 2024 was ₹-7.89 Mil. Tijaria Polypipes's Interest Expense for the three months ended in Mar. 2024 was ₹-0.04 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 Tijaria Polypipes's Interest Coverage or its related term are showing as below:


BOM:533629's Interest Coverage is not ranked *
in the Construction industry.
Industry Median: 6.955
* 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.


Tijaria Polypipes Interest Coverage Historical Data

The historical data trend for Tijaria Polypipes'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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Tijaria Polypipes Interest Coverage Chart

Tijaria Polypipes 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 0.63 - - - -

Tijaria Polypipes 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 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 - - - - -

Competitive Comparison of Tijaria Polypipes's Interest Coverage

For the Building Products & Equipment subindustry, Tijaria Polypipes'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.


Tijaria Polypipes's Interest Coverage Distribution in the Construction Industry

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

* The bar in red indicates where Tijaria Polypipes's Interest Coverage falls into.



Tijaria Polypipes 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.

Tijaria Polypipes'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, Tijaria Polypipes's Interest Expense was ₹-0.17 Mil. Its Operating Income was ₹-30.71 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹654.63 Mil.

Tijaria Polypipes did not have earnings to cover the interest expense.

Tijaria Polypipes's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Tijaria Polypipes's Interest Expense was ₹-0.04 Mil. Its Operating Income was ₹-7.89 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹654.63 Mil.

Tijaria Polypipes 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.


Tijaria Polypipes  (BOM:533629) 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 .


Tijaria Polypipes Interest Coverage Related Terms

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


Tijaria Polypipes (BOM:533629) Business Description

Traded in Other Exchanges
Address
SP-1-2316, RIICO Industrial Area, Ramchandrapura, Sitapura Extension, Jaipur, RJ, IND, 302022
Tijaria Polypipes Ltd manufactures HDPE Pipes, PLB HDPE Duct, MDPE Pipes, DWC HDPE Pipes, uPVC Pipes, PVC-U Pipes, Mink Blankets, partially oriented yarn, and draw textured yarn, surgical masks, N-95 Mask under the registered brand name of Tijaria and Vikas. The company operates in two segments Pipes and Textiles. The company produces a product range in the field of plastics, HDPE Pipes for Electrical, Water and Sewerage, PVC-U and DWC HDPE Pipes for Sewerage, uPVC Pipes for Water, PLB HDPE Ducts for telecommunications, HDPE Sprinkler Irrigation Systems, MDPE Pipes for Water Supply etc. The majority of its revenue is generated from the pipes segment.

Tijaria Polypipes (BOM:533629) Headlines

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