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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. Navoday Enterprises's
Operating Income
for the
six
months ended in Sep. 2024 was ₹0.90 Mil. Navoday Enterprises's Interest Expense for the
six
months ended in Sep. 2024 was ₹0.00 Mil.
Navoday Enterprises has no debt.
The higher the ratio, the stronger the company's financial strength is.
(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 Navoday Enterprises's Interest Coverage or its related term are showing as below:
BOM:543305's Interest Coverage is not ranked *
in the Media - Diversified industry.
Industry Median: 11.67 * Ranked among companies with meaningful Interest Coverage only.
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 .
Navoday Enterprises Interest Coverage Related Terms
Navoday Enterprises Interest Coverage Historical Data
* Premium members only.
The historical data trend for Navoday Enterprises'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.
BOM:543305 vs OMC, IPG, MGNI: Interest Coverage Comparison
For the Advertising Agencies subindustry, Navoday Enterprises'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.
Navoday Enterprises Interest Coverage vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Navoday Enterprises's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Navoday Enterprises's Interest Coverage falls into.
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:
* 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.
What does a Interest Coverage of No Debt <sup>(1)</sup> mean?
Navoday Enterprises (BOM:543305) has a Interest Coverage of No Debt (1) as of Sep. 2024. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Navoday Enterprises and its competitors.
Is Navoday Enterprises' Interest Coverage too high?
Navoday Enterprises' current Interest Coverage is No Debt (1). Overall, Navoday Enterprises has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Navoday Enterprises' Interest Coverage compare to OMC and IPG?
Navoday Enterprises' Interest Coverage of No Debt (1) can be compared against companies in the Media - Diversified industry. The industry median Interest Coverage is 11.67. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Media - Diversified company?
The median Interest Coverage among Media - Diversified companies is 11.67, based on 609 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Navoday Enterprises and its competitors. For the Media - Diversified industry, the median Interest Coverage is 11.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Navoday Enterprises's current Interest Coverage is No Debt (1). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Navoday Enterprises stock overvalued right now?
Navoday Enterprises (BOM:543305) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1). Navoday Enterprises' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Navoday Enterprises (BOM:543305), the current Interest Coverage is No Debt (1) as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Navoday Enterprises Ltd is engaged in events management which includes planning, organizing, and managing events. The company manages commercial events, corporate events, cultural events, and also small brand promotion events for their clients. It also engaged in branding and designing through print and online and digital media. And also design various publicity materials for clients such as Pham plates, brochures, flyers and others for own consumption.
12GF Score
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