GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Brahmaputra Infrastructure Ltd (BOM:535693) » Definitions » Interest Coverage

Brahmaputra Infrastructure (BOM:535693) Interest Coverage : 2.35 (As of Mar. 2024)


View and export this data going back to 2013. Start your Free Trial

What is Brahmaputra Infrastructure 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. Brahmaputra Infrastructure's Operating Income for the three months ended in Mar. 2024 was ₹90 Mil. Brahmaputra Infrastructure's Interest Expense for the three months ended in Mar. 2024 was ₹-38 Mil. Brahmaputra Infrastructure's interest coverage for the quarter that ended in Mar. 2024 was 2.35. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Brahmaputra Infrastructure Ltd interest coverage is 1.82, which is low.

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

BOM:535693' s Interest Coverage Range Over the Past 10 Years
Min: 0.43   Med: 0.85   Max: 1.85
Current: 1.82


BOM:535693's Interest Coverage is ranked worse than
81.65% of 1259 companies
in the Construction industry
Industry Median: 7.02 vs BOM:535693: 1.82

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


Brahmaputra Infrastructure Interest Coverage Historical Data

The historical data trend for Brahmaputra Infrastructure'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.

Brahmaputra Infrastructure Interest Coverage Chart

Brahmaputra Infrastructure 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 0.43 1.02 1.85 1.50 1.84

Brahmaputra Infrastructure 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 1.29 2.02 1.61 1.65 2.35

Competitive Comparison of Brahmaputra Infrastructure's Interest Coverage

For the Engineering & Construction subindustry, Brahmaputra Infrastructure'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.


Brahmaputra Infrastructure's Interest Coverage Distribution in the Construction Industry

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

* The bar in red indicates where Brahmaputra Infrastructure's Interest Coverage falls into.



Brahmaputra Infrastructure 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.

Brahmaputra Infrastructure'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, Brahmaputra Infrastructure's Interest Expense was ₹-226 Mil. Its Operating Income was ₹416 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1,041 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*416.4/-226.2
=1.84

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

Here, for the three months ended in Mar. 2024, Brahmaputra Infrastructure's Interest Expense was ₹-38 Mil. Its Operating Income was ₹90 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1,041 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*90.4/-38.4
=2.35

* 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.


Brahmaputra Infrastructure  (BOM:535693) 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 .


Brahmaputra Infrastructure Interest Coverage Related Terms

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


Brahmaputra Infrastructure (BOM:535693) Business Description

Traded in Other Exchanges
N/A
Address
Christian Basti, G. S. Road, Royal Plaza, 4th Floor, Opp. International Hospital, Guwahati, AS, IND, 781005
Brahmaputra Infrastructure Ltd is an engineering and construction company. Its various projects include the Construction of Bridges, Flyovers, Highways, Airport, Building Construction, Tunnel projects, Mining projects. Its operations are spread across pan India including Northern, Eastern, and North-Eastern parts of India. The company's segments include EPC (Engineering, Procurement, and Construction) Division and Real Estate Division. The majority of the revenue is derived from the EPC segment which provides complete turnkey (LST) solutions to Infrastructure Projects right from conceptualizing, planning, designing, engineering, procurement, erection finishing with a high level of satisfaction handing over. The group operates in India.

Brahmaputra Infrastructure (BOM:535693) Headlines

No Headlines