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Karnimata Cold Storage (BOM:537784) Interest Coverage : 2.61 (As of Sep. 2024)


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What is Karnimata Cold Storage 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. Karnimata Cold Storage's Operating Income for the six months ended in Sep. 2024 was ₹11.12 Mil. Karnimata Cold Storage's Interest Expense for the six months ended in Sep. 2024 was ₹-4.26 Mil. Karnimata Cold Storage's interest coverage for the quarter that ended in Sep. 2024 was 2.61. 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. Karnimata Cold Storage Ltd interest coverage is 1.03, which is low.

The historical rank and industry rank for Karnimata Cold Storage's Interest Coverage or its related term are showing as below:

BOM:537784' s Interest Coverage Range Over the Past 10 Years
Min: 0.85   Med: 1.02   Max: 1.29
Current: 1.03


BOM:537784's Interest Coverage is ranked worse than
94.42% of 788 companies
in the Business Services industry
Industry Median: 13.2 vs BOM:537784: 1.03

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


Karnimata Cold Storage Interest Coverage Historical Data

The historical data trend for Karnimata Cold Storage'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.

Karnimata Cold Storage Interest Coverage Chart

Karnimata Cold Storage 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 0.85 1.08 1.17 1.29 1.04

Karnimata Cold Storage Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 1.11 1.81 2.44 - 2.61

Competitive Comparison of Karnimata Cold Storage's Interest Coverage

For the Specialty Business Services subindustry, Karnimata Cold Storage'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.


Karnimata Cold Storage's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Karnimata Cold Storage's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Karnimata Cold Storage's Interest Coverage falls into.



Karnimata Cold Storage 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.

Karnimata Cold Storage'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, Karnimata Cold Storage's Interest Expense was ₹-8.31 Mil. Its Operating Income was ₹8.65 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.68 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*8.646/-8.314
=1.04

Karnimata Cold Storage's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Karnimata Cold Storage's Interest Expense was ₹-4.26 Mil. Its Operating Income was ₹11.12 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.83 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*11.118/-4.257
=2.61

* 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.


Karnimata Cold Storage  (BOM:537784) 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 .


Karnimata Cold Storage Interest Coverage Related Terms

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


Karnimata Cold Storage Business Description

Traded in Other Exchanges
N/A
Address
Village Chekuasole, P. O. - Jogerdanga, P. S. - Goaltore, Paschim Medinipur District, Goaltore, WB, IND, 721 121
Karnimata Cold Storage Ltd is engaged in the business of warehousing of refrigerated (cold storage) in India. It is engaged in the business of providing cold storage facilities on a rental basis and providing loans to traders and farmers.

Karnimata Cold Storage Headlines

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