BKM Industries (BOM:539043) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is BKM 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. BKM Industries's Operating Income for the three months ended in Dec. 2023 was ₹-443,127.50 Mil. BKM Industries's Interest Expense for the three months ended in Dec. 2023 was ₹0.00 Mil. BKM Industries has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. BKM Industries Ltd has enough cash to cover all of its debt. Its financial situation is stable.

(1) 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.

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

BOM:539043' s Interest Coverage Range Over the Past 10 Years
Min: 0.74 Med: 2.22 Max: No Debt
Current: No Debt

BOM:539043's Interest Coverage is ranked better than
99.68% of 314 companies
in the Packaging & Containers industry
Industry Median: 6.995 vs BOM:539043: No Debt

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

BKM Industries Interest Coverage Historical Data

The historical data trend for BKM 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.

* Premium members only.

BKM Industries Interest Coverage Chart

BKM Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Interest Coverage

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2.88

3.86

2.22

BKM Industries Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Dec22	Dec23
Interest Coverage	Get a 7-Day Free Trial															-	-	-	No Debt	No Debt

Competitive Comparison of BKM Industries's Interest Coverage

For the Packaging & Containers subindustry, BKM 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.

BKM Industries's Interest Coverage Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, BKM Industries's Interest Coverage distribution charts can be found below:

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

BKM 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.

BKM Industries's Interest Coverage for the fiscal year that ended in Mar. 2020 is calculated as

Here, for the fiscal year that ended in Mar. 2020, BKM Industries's Interest Expense was ₹-54.20 Mil. Its Operating Income was ₹-148.60 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹235.10 Mil.

BKM Industries did not have earnings to cover the interest expense.

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

Here, for the three months ended in Dec. 2023, BKM Industries's Interest Expense was ₹0.00 Mil. Its Operating Income was ₹-443,127.50 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

BKM Industries had no debt ⁽¹⁾.

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

BKM Industries (BOM:539043) 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 .

BKM Industries Interest Coverage Related Terms

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

BKM Industries (BOM:539043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » BKM Industries Ltd (BOM:539043) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

BKMINDST:India

Address

8/1, Lal Bazar Street, Bikaner Building, 3rd Floor, Kolkata, WB, IND, 700001

Website

http://www.bkmindustries.com

BKM Industries Ltd manufactures metal packaging products and aluminum semi-rigid containers, shipbuilding, naval design services, and agro-commodities. Its segments consist of Manufacturing of packaging products like caps, crown closures, printed sheets, corrugated boxes, and semi-rigid containers; and Trading and services of various kind of products. The company's operations are held in India, United Arab Emirates, Bangladesh, Liberia, Malaysia, and other countries. Majority of the revenue is derived from manufacturing activities in India.

BKM Industries (BOM:539043) Headlines

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BKM Industries (BOM:539043) Interest Coverage : No Debt (1) (As of Dec. 2023)