Bansal Roofing Products (BOM:538546) Interest Coverage : 8.64 (As of Dec. 2023)

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What is Bansal Roofing Products 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. Bansal Roofing Products's Operating Income for the three months ended in Dec. 2023 was ₹11 Mil. Bansal Roofing Products's Interest Expense for the three months ended in Dec. 2023 was ₹-1 Mil. Bansal Roofing Products's interest coverage for the quarter that ended in Dec. 2023 was 8.64. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Bansal Roofing Products's Interest Coverage or its related term are showing as below:

BOM:538546' s Interest Coverage Range Over the Past 10 Years
Min: 5.13 Med: 48.24 Max: 87.35
Current: 10.26

BOM:538546's Interest Coverage is ranked better than
57.05% of 1269 companies
in the Construction industry
Industry Median: 7.06 vs BOM:538546: 10.26

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

Bansal Roofing Products Interest Coverage Historical Data

The historical data trend for Bansal Roofing Products'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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Bansal Roofing Products Interest Coverage Chart

Bansal Roofing Products Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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68.00

52.76

87.35

48.24

11.22

Bansal Roofing Products Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															10.24	15.88	10.68	7.02	8.64

Competitive Comparison of Bansal Roofing Products's Interest Coverage

For the Building Products & Equipment subindustry, Bansal Roofing Products'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.

Bansal Roofing Products's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Bansal Roofing Products's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Bansal Roofing Products's Interest Coverage falls into.

Bansal Roofing Products 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.

Bansal Roofing Products'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, Bansal Roofing Products's Interest Expense was ₹-5 Mil. Its Operating Income was ₹60 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹48 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	59.671	/	-5.316
	=	11.22

Bansal Roofing Products's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Bansal Roofing Products's Interest Expense was ₹-1 Mil. Its Operating Income was ₹11 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	*	11.307	/	-1.308
	=	8.64

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

Bansal Roofing Products (BOM:538546) 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 .

Bansal Roofing Products Interest Coverage Related Terms

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

Bansal Roofing Products (BOM:538546) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bansal Roofing Products Ltd (BOM:538546) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

274/2, Samlaya Sherpura Road, Village: Pratapnagar, Taluka: Savli, Vadodara, GJ, IND, 391520

Website

http://www.bansalroofing.com

Bansal Roofing Products Ltd is an Indian company engaged in the trading, manufacturing, and supply of roofing products. The company's products and services include pre-engineered building; color coated roofing sheet, roof ventilation system, skylight sheets, Z AND C purlins, louvers, installation, and consultancy. It also provides pre-engineering buildings for use in various applications consisting of factories, workshops, commercial showrooms, warehouses, community halls. The company's principal source of revenue is through the sale of roofing products.

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