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Achyut Healthcare (BOM:543499) Interest Coverage : 0 (At Loss) (As of Sep. 2024)


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What is Achyut Healthcare 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. Achyut Healthcare's Operating Income for the six months ended in Sep. 2024 was ₹-0.86 Mil. Achyut Healthcare's Interest Expense for the six months ended in Sep. 2024 was ₹-0.00 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 Achyut Healthcare's Interest Coverage or its related term are showing as below:


BOM:543499's Interest Coverage is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 8.15
* 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.


Achyut Healthcare Interest Coverage Historical Data

The historical data trend for Achyut Healthcare'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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Achyut Healthcare Interest Coverage Chart

Achyut Healthcare Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
Get a 7-Day Free Trial 60.50 57.50 135.33 - 14.90

Achyut Healthcare Semi-Annual Data
Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only 101.00 - 100.00 - -

Competitive Comparison of Achyut Healthcare's Interest Coverage

For the Pharmaceutical Retailers subindustry, Achyut Healthcare'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.


Achyut Healthcare's Interest Coverage Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Achyut Healthcare's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Achyut Healthcare's Interest Coverage falls into.


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Achyut Healthcare 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.

Achyut Healthcare'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, Achyut Healthcare's Interest Expense was ₹-0.02 Mil. Its Operating Income was ₹0.30 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*0.298/-0.02
=14.90

Achyut Healthcare's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Achyut Healthcare's Interest Expense was ₹-0.00 Mil. Its Operating Income was ₹-0.86 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

Achyut Healthcare 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.


Achyut Healthcare  (BOM:543499) 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 .


Achyut Healthcare Interest Coverage Related Terms

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


Achyut Healthcare Business Description

Traded in Other Exchanges
N/A
Address
BRTS Bus Stand, Iscon - Ambali Road, 610 Colonade, Behind Iscon Temple, Opposite Iscon, Ahmedabad, GJ, IND, 380058
Achyut Healthcare Ltd is engaged in the manufacturing and trading of Pharmaceutical formulations in the forms of Tablets, Capsules, Oral liquids, and Injectables. The company has business operations in both domestic and international markets. It generates the majority of its revenue from domestic markets.

Achyut Healthcare Headlines

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