Shantidoot Infra Services (BOM:543598) Interest Coverage : 69.70 (As of Mar. 2024)

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What is Shantidoot Infra Services 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. Shantidoot Infra Services's Operating Income for the six months ended in Mar. 2024 was ₹11.5 Mil. Shantidoot Infra Services's Interest Expense for the six months ended in Mar. 2024 was ₹-0.2 Mil. Shantidoot Infra Services's interest coverage for the quarter that ended in Mar. 2024 was 69.70. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shantidoot Infra Services Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Shantidoot Infra Services's Interest Coverage or its related term are showing as below:

BOM:543598' s Interest Coverage Range Over the Past 10 Years
Min: 41.6 Med: 49.44 Max: 90.46
Current: 55.59

BOM:543598's Interest Coverage is ranked better than
79.57% of 1253 companies
in the Construction industry
Industry Median: 7.04 vs BOM:543598: 55.59

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

Shantidoot Infra Services Interest Coverage Historical Data

The historical data trend for Shantidoot Infra Services'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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Shantidoot Infra Services Interest Coverage Chart

Shantidoot Infra Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

49.44

90.46

42.97

41.60

55.59

Shantidoot Infra Services Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Coverage	Get a 7-Day Free Trial			N/A	3,394.00	30.86	38.83	69.70

Competitive Comparison of Shantidoot Infra Services's Interest Coverage

For the Engineering & Construction subindustry, Shantidoot Infra Services'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.

Shantidoot Infra Services's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shantidoot Infra Services's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shantidoot Infra Services's Interest Coverage falls into.

Shantidoot Infra Services 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.

Shantidoot Infra Services'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, Shantidoot Infra Services's Interest Expense was ₹-0.3 Mil. Its Operating Income was ₹16.9 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	16.899	/	-0.304
	=	55.59

Shantidoot Infra Services's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, Shantidoot Infra Services's Interest Expense was ₹-0.2 Mil. Its Operating Income was ₹11.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	11.501	/	-0.165
	=	69.70

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

Shantidoot Infra Services (BOM:543598) 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 .

Shantidoot Infra Services Interest Coverage Related Terms

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

Shantidoot Infra Services (BOM:543598) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shantidoot Infra Services Ltd (BOM:543598) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Patliputra Colony, House No. 221, 2nd floor, Patna, BR, IND, 800013

Website

https://www.shantidootinfra.com

Shantidoot Infra Services Ltd is a specialized provider of construction services to the education, healthcare and hospitality sectors. Apart from undertaking new projects the company also carry out projects of re-designing, re-modeling and renovating institutions as per the need of clients. It categorize projects mainly into two segments namely Government sector and Private sector. It is also focused primarily on construction and development of residential and commercial projects, in and around Bihar. The company secure private sector contracts, in general, through one-to-one negotiation and Government contracts through bids as per the public notice issued by government departments.

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