PTC Industries (BOM:539006) Interest Coverage : 2.55 (As of Dec. 2023)

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What is PTC Industries 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. PTC Industries's Operating Income for the three months ended in Dec. 2023 was ₹112 Mil. PTC Industries's Interest Expense for the three months ended in Dec. 2023 was ₹-44 Mil. PTC Industries's interest coverage for the quarter that ended in Dec. 2023 was 2.55. The higher the ratio, the stronger the company's financial strength is.

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

BOM:539006' s Interest Coverage Range Over the Past 10 Years
Min: 1.77 Med: 2.98 Max: 6.41
Current: 4.06

BOM:539006's Interest Coverage is ranked worse than
76.62% of 2293 companies
in the Industrial Products industry
Industry Median: 13.61 vs BOM:539006: 4.06

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

PTC Industries Interest Coverage Historical Data

The historical data trend for PTC Industries'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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PTC Industries Interest Coverage Chart

PTC Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

Get a 7-Day Free Trial

1.89

2.08

1.77

2.04

3.13

PTC Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															1.95	9.89	4.26	3.04	2.55

Competitive Comparison of PTC Industries's Interest Coverage

For the Metal Fabrication subindustry, PTC Industries'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.

PTC Industries's Interest Coverage Distribution in the Industrial Products Industry

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

* The bar in red indicates where PTC Industries's Interest Coverage falls into.

PTC Industries 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.

PTC Industries'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, PTC Industries's Interest Expense was ₹-141 Mil. Its Operating Income was ₹442 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹964 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	441.937	/	-141.097
	=	3.13

PTC Industries's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, PTC Industries's Interest Expense was ₹-44 Mil. Its Operating Income was ₹112 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	*	111.753	/	-43.761
	=	2.55

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

PTC Industries (BOM:539006) 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 .

PTC Industries Interest Coverage Related Terms

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

PTC Industries (BOM:539006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PTC Industries Ltd (BOM:539006) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

PTCIL:India

Address

National Highway -25 A,Sarai Shahjadi, Advanced Manufacturing & Technology Centre, Kanpur Road, Lucknow, UP, IND, 227 101

Website

https://www.ptcil.com

PTC Industries Ltd is an India-based company engaged in supplying castings solutions, machined components, and fabricated parts. It is in the business of manufacturing and selling high-precision metal castings. The company manufactures Stainless steel castings, Alloys steel castings, Non-alloy steel castings, and Steel structures. The company offers materials that include Alloy Steel, Stainless Steel, Duplex and Super Duplex Stainless Steel, Creep Resistant Steel, Heat Resistant Steel, Nickel Based Alloys, Cobalt Based Alloys, Austenitic Ductile Iron, Nickel Aluminium Bronze, Titanium, Superalloy, and Zirconium, among others. The company has only one reportable segment for the Company which is Engineering and allied activities.

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