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Affordable Robotic & Automation (BOM:541402) Interest Coverage : 0 (At Loss) (As of Sep. 2024)


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What is Affordable Robotic & Automation 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. Affordable Robotic & Automation's Operating Income for the six months ended in Sep. 2024 was ₹-104 Mil. Affordable Robotic & Automation's Interest Expense for the six months ended in Sep. 2024 was ₹-21 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Affordable Robotic & Automation's Interest Coverage or its related term are showing as below:

BOM:541402' s Interest Coverage Range Over the Past 10 Years
Min: 1.94   Med: 3.4   Max: 8.34
Current: 2.23


BOM:541402's Interest Coverage is ranked worse than
87.38% of 2259 companies
in the Industrial Products industry
Industry Median: 14.52 vs BOM:541402: 2.23

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


Affordable Robotic & Automation Interest Coverage Historical Data

The historical data trend for Affordable Robotic & Automation'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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Affordable Robotic & Automation Interest Coverage Chart

Affordable Robotic & Automation 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 3.18 - 2.12 2.25 3.90

Affordable Robotic & Automation Semi-Annual Data
Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 - 7.04 - 9.17 -

Competitive Comparison of Affordable Robotic & Automation's Interest Coverage

For the Specialty Industrial Machinery subindustry, Affordable Robotic & Automation'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.


Affordable Robotic & Automation's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Affordable Robotic & Automation's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Affordable Robotic & Automation's Interest Coverage falls into.



Affordable Robotic & Automation 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.

Affordable Robotic & Automation'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, Affordable Robotic & Automation's Interest Expense was ₹-38 Mil. Its Operating Income was ₹146 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹211 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*146.235/-37.533
=3.90

Affordable Robotic & Automation's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Affordable Robotic & Automation's Interest Expense was ₹-21 Mil. Its Operating Income was ₹-104 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹183 Mil.

Affordable Robotic & Automation did not have earnings to cover the interest expense.

* 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.


Affordable Robotic & Automation  (BOM:541402) 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 .


Affordable Robotic & Automation Interest Coverage Related Terms

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


Affordable Robotic & Automation Business Description

Traded in Other Exchanges
Address
Village Wadki, Gate Number 1209, Taluka Haveli, Pune, MH, IND, 412308
Affordable Robotic & Automation Ltd is an Indian firm engaged in manufacturing jigs and fixtures and multilevel car parking. It provides turnkey automation solutions to automotive, semi-automotive, and manufacturing industries. Business products and solutions have industrial applications in line automation, assembly lines, conveyors, robotic inspection stations, pick and place systems, gantry, auto assembly stations, robotic welding, fixed, indexing, rotary type welding fixtures, spot, MIG welding robotic cell, pneumatic, hydraulic, hydro-pneumatic SPMs, jigs, gauges, and fixtures. It is also involved in assembling and installing automatic multilevel car parking systems preferred by residential complexes, shopping malls, etc. Primary revenue accrues from automation sales.

Affordable Robotic & Automation Headlines

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