Marg Techno Projects (BOM:540254) Interest Coverage : N/A (As of Mar. 2024)

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What is Marg Techno Projects 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. Marg Techno Projects's Operating Income for the three months ended in Mar. 2024 was ₹-1.91 Mil. Marg Techno Projects's Interest Expense for the three months ended in Mar. 2024 was ₹0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Marg Techno Projects's Interest Coverage or its related term are showing as below:

BOM:540254's Interest Coverage is not ranked ^*
in the Credit Services industry.
Industry Median: 66.49
* 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.

Marg Techno Projects Interest Coverage Historical Data

The historical data trend for Marg Techno Projects'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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Marg Techno Projects Interest Coverage Chart

Marg Techno Projects Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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3,131.00

10.07

42.16

N/A

Marg Techno Projects 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															N/A	No Debt	N/A	No Debt	N/A

Competitive Comparison of Marg Techno Projects's Interest Coverage

For the Credit Services subindustry, Marg Techno Projects'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.

Marg Techno Projects's Interest Coverage Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Marg Techno Projects's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Marg Techno Projects's Interest Coverage falls into.

Marg Techno Projects 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.

Marg Techno Projects'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, Marg Techno Projects's Interest Expense was ₹0.00 Mil. Its Operating Income was ₹2.87 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹173.42 Mil.

GuruFocus does not calculate Marg Techno Projects's interest coverage with the available data.

Marg Techno Projects's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Marg Techno Projects's Interest Expense was ₹0.00 Mil. Its Operating Income was ₹-1.91 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹173.42 Mil.

GuruFocus does not calculate Marg Techno Projects's interest coverage with the available data.

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

Marg Techno Projects (BOM:540254) 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 .

Marg Techno Projects Interest Coverage Related Terms

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Marg Techno Projects (BOM:540254) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Marg Techno Projects Ltd (BOM:540254) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Adajan-Hazira Road, 406, Royal Trade Center, Opposite Star Bazar, Surat, GJ, IND, 395009

Website

https://www.margtechno.com

Marg Techno Projects Ltd is an Indian based company engaged in the provision of financial services. It provides, extends, lends money with or without guarantee, with or without security by way to a term loan, medium-term loan, short term loan, deferred payment guarantee, lease finance, venture finance, and by any other mode or scheme.

Marg Techno Projects (BOM:540254) Headlines

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