RHI Magnesita India (BOM:534076) Interest Coverage : 5.48 (As of Dec. 2024)

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What is RHI Magnesita 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. RHI Magnesita India's Operating Income for the three months ended in Dec. 2024 was ₹704 Mil. RHI Magnesita India's Interest Expense for the three months ended in Dec. 2024 was ₹-128 Mil. RHI Magnesita India's interest coverage for the quarter that ended in Dec. 2024 was 5.48. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for RHI Magnesita India's Interest Coverage or its related term are showing as below:

BOM:534076' s Interest Coverage Range Over the Past 10 Years
Min: 6.24 Med: 112.06 Max: 40444
Current: 8.03

BOM:534076's Interest Coverage is ranked worse than
63.82% of 2283 companies
in the Industrial Products industry
Industry Median: 15.9 vs BOM:534076: 8.03

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

RHI Magnesita India Interest Coverage Historical Data

The historical data trend for RHI Magnesita 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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RHI Magnesita India Interest Coverage Chart

RHI Magnesita India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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16.27

31.10

114.38

8.16

6.24

RHI Magnesita India Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial															4.25	10.66	9.99	5.80	5.48

Competitive Comparison of RHI Magnesita India's Interest Coverage

For the Metal Fabrication subindustry, RHI Magnesita 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.

RHI Magnesita India's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, RHI Magnesita India's Interest Coverage distribution charts can be found below:

* The bar in red indicates where RHI Magnesita India's Interest Coverage falls into.

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RHI Magnesita 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.

RHI Magnesita 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, RHI Magnesita India's Interest Expense was ₹-635 Mil. Its Operating Income was ₹3,962 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹3,520 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	3962.396	/	-635.317
	=	6.24

RHI Magnesita India's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, RHI Magnesita India's Interest Expense was ₹-128 Mil. Its Operating Income was ₹704 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	703.577	/	-128.406
	=	5.48

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

RHI Magnesita India (BOM:534076) 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 .

RHI Magnesita India Interest Coverage Related Terms

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

RHI Magnesita India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » RHI Magnesita India Ltd (BOM:534076) » Definitions » Interest Coverage

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RHIM:India

Address

EMAAR Digital Greens Golf Course Road Extension, 301, Tower B, Sector 61, Gurugram, HR, IND, 122011

Website

https://www.rhimagnesitaindia.com

RHI Magnesita India Ltd is engaged in the business of manufacturing and trading refractories, monolithics, bricks, and ceramic paper, and rendering management services. Its product offerings include isostatically pressed continuous casting refractories, slide gate plates, nozzles and well blocks, tundish nozzles, bottom purging refractories and top purging lances, slag arresting darts, basic spray mass for tundish working lining, and castables. The company's products are used in steel, cement and lime, non-ferrous metals, glass, and other industries. It operates in the Indian and international markets, of which a majority of its revenue is generated within India.

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