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Vijaya Diagnostic Centre (BOM:543350) Interest Coverage : 6.96 (As of Mar. 2025)


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What is Vijaya Diagnostic Centre 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. Vijaya Diagnostic Centre's Operating Income for the three months ended in Mar. 2025 was ₹500 Mil. Vijaya Diagnostic Centre's Interest Expense for the three months ended in Mar. 2025 was ₹-72 Mil. Vijaya Diagnostic Centre's interest coverage for the quarter that ended in Mar. 2025 was 6.96. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Vijaya Diagnostic Centre's Interest Coverage or its related term are showing as below:

BOM:543350' s Interest Coverage Range Over the Past 10 Years
Min: 5.59   Med: 6.83   Max: 9.93
Current: 7.58


BOM:543350's Interest Coverage is ranked worse than
54.55% of 99 companies
in the Medical Diagnostics & Research industry
Industry Median: 10.13 vs BOM:543350: 7.58

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


Vijaya Diagnostic Centre Interest Coverage Historical Data

The historical data trend for Vijaya Diagnostic Centre'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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Vijaya Diagnostic Centre Interest Coverage Chart

Vijaya Diagnostic Centre Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Interest Coverage
Get a 7-Day Free Trial 8.60 9.93 6.20 6.83 7.58

Vijaya Diagnostic Centre Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 7.56 7.12 9.14 7.16 6.96

Competitive Comparison of Vijaya Diagnostic Centre's Interest Coverage

For the Diagnostics & Research subindustry, Vijaya Diagnostic Centre'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.


Vijaya Diagnostic Centre's Interest Coverage Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Vijaya Diagnostic Centre's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Vijaya Diagnostic Centre's Interest Coverage falls into.


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Vijaya Diagnostic Centre 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.

Vijaya Diagnostic Centre's Interest Coverage for the fiscal year that ended in Mar. 2025 is calculated as

Here, for the fiscal year that ended in Mar. 2025, Vijaya Diagnostic Centre's Interest Expense was ₹-267 Mil. Its Operating Income was ₹2,026 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹2,964 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2025 )/Interest Expense (A: Mar. 2025 )
=-1*2026.185/-267.443
=7.58

Vijaya Diagnostic Centre's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Vijaya Diagnostic Centre's Interest Expense was ₹-72 Mil. Its Operating Income was ₹500 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹2,964 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*500.427/-71.911
=6.96

* 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.


Vijaya Diagnostic Centre  (BOM:543350) 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 .


Vijaya Diagnostic Centre Interest Coverage Related Terms

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


Vijaya Diagnostic Centre Business Description

Traded in Other Exchanges
Address
Ground Floor, FPAI Building, No 6-3-883/F, Punjagutta Officers Colony, Near Topaz Building, Hyderabad, TG, IND, 500 082
Vijaya Diagnostic Centre Ltd operates a diagnostic chain in Southern India. The company offers a one-stop solution for pathology and radiology testing services. It provides routine tests, specialized pathology tests, basic tests, and advanced radiology tests. The company also offers a broad spectrum of customized health and wellness packages to its customers. The company's revenue comes from many diagnostic centers, where high-volume sales drive its earnings. The Company operates within India. The company's operations fall within a single business segment, which is Diagnostic Services.

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