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Cargotrans Maritime (BOM:543618) Interest Coverage : 6.39 (As of Mar. 2025)


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What is Cargotrans Maritime 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. Cargotrans Maritime's Operating Income for the six months ended in Mar. 2025 was ₹24.7 Mil. Cargotrans Maritime's Interest Expense for the six months ended in Mar. 2025 was ₹-3.9 Mil. Cargotrans Maritime's interest coverage for the quarter that ended in Mar. 2025 was 6.39. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Cargotrans Maritime's Interest Coverage or its related term are showing as below:

BOM:543618' s Interest Coverage Range Over the Past 10 Years
Min: 2.65   Med: 9.54   Max: 98.5
Current: 7.54


BOM:543618's Interest Coverage is ranked better than
55.2% of 837 companies
in the Transportation industry
Industry Median: 6.13 vs BOM:543618: 7.54

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


Cargotrans Maritime Interest Coverage Historical Data

The historical data trend for Cargotrans Maritime'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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Cargotrans Maritime Interest Coverage Chart

Cargotrans Maritime Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Interest Coverage
Get a 7-Day Free Trial 5.64 17.65 98.50 11.54 7.54

Cargotrans Maritime Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25
Interest Coverage Get a 7-Day Free Trial N/A 43.63 5.10 9.65 6.39

Competitive Comparison of Cargotrans Maritime's Interest Coverage

For the Integrated Freight & Logistics subindustry, Cargotrans Maritime'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.


Cargotrans Maritime's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Cargotrans Maritime's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Cargotrans Maritime's Interest Coverage falls into.


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Cargotrans Maritime 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.

Cargotrans Maritime'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, Cargotrans Maritime's Interest Expense was ₹-6.0 Mil. Its Operating Income was ₹45.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹24.6 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2025 )/Interest Expense (A: Mar. 2025 )
=-1*45.129/-5.986
=7.54

Cargotrans Maritime's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the six months ended in Mar. 2025, Cargotrans Maritime's Interest Expense was ₹-3.9 Mil. Its Operating Income was ₹24.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹24.6 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*24.748/-3.875
=6.39

* 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.


Cargotrans Maritime  (BOM:543618) 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 .


Cargotrans Maritime Interest Coverage Related Terms

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


Cargotrans Maritime Business Description

Traded in Other Exchanges
N/A
Address
Shyam Paragon, DBZ-S-61A, 2nd Floor, Gandhidham, Kachchh, GJ, IND, 370 201
Cargotrans Maritime Ltd is an international logistics solution provider. The company's core business is providing sea logistics services including ocean freight forwarding, transportation, customs clearance, warehousing and other value-added services to clients.

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