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Northlink Fiscal and Capital Services (BOM:539110) Interest Coverage : 1.51 (As of Mar. 2024)


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What is Northlink Fiscal and Capital Services 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. Northlink Fiscal and Capital Services's Operating Income for the three months ended in Mar. 2024 was ₹1.05 Mil. Northlink Fiscal and Capital Services's Interest Expense for the three months ended in Mar. 2024 was ₹-0.69 Mil. Northlink Fiscal and Capital Services's interest coverage for the quarter that ended in Mar. 2024 was 1.51. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Northlink Fiscal and Capital Services's Interest Coverage or its related term are showing as below:


BOM:539110's Interest Coverage is not ranked *
in the Building Materials industry.
Industry Median: 6.74
* Ranked among companies with meaningful Interest Coverage only.

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


Northlink Fiscal and Capital Services Interest Coverage Historical Data

The historical data trend for Northlink Fiscal and Capital Services'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.

Northlink Fiscal and Capital Services Interest Coverage Chart

Northlink Fiscal and Capital Services 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 4.65 6.39 2.73 12.24 -

Northlink Fiscal and Capital Services 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 - No Debt N/A No Debt 1.51

Competitive Comparison of Northlink Fiscal and Capital Services's Interest Coverage

For the Building Materials subindustry, Northlink Fiscal and Capital Services'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.


Northlink Fiscal and Capital Services's Interest Coverage Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Northlink Fiscal and Capital Services's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Northlink Fiscal and Capital Services's Interest Coverage falls into.



Northlink Fiscal and Capital Services 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.

Northlink Fiscal and Capital Services'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, Northlink Fiscal and Capital Services's Interest Expense was ₹-0.69 Mil. Its Operating Income was ₹-0.25 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹11.62 Mil.

Northlink Fiscal and Capital Services did not have earnings to cover the interest expense.

Northlink Fiscal and Capital Services's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Northlink Fiscal and Capital Services's Interest Expense was ₹-0.69 Mil. Its Operating Income was ₹1.05 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹11.62 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*1.048/-0.694
=1.51

* 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.


Northlink Fiscal and Capital Services  (BOM:539110) 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 .


Northlink Fiscal and Capital Services Interest Coverage Related Terms

Thank you for viewing the detailed overview of Northlink Fiscal and Capital Services's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Northlink Fiscal and Capital Services (BOM:539110) Business Description

Traded in Other Exchanges
N/A
Address
86, Mall Road, Civil Lines, Ludhiana, PB, IND, 141001
Northlink Fiscal and Capital Services Ltd is a Non-Banking Financial Company and is engaged in lending loans. The company operates in a single segment engaged in the business of financing.

Northlink Fiscal and Capital Services (BOM:539110) Headlines

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