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Vinny Overseas (BOM:543670) Interest Coverage : 1.74 (As of Dec. 2024)


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What is Vinny Overseas 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. Vinny Overseas's Operating Income for the three months ended in Dec. 2024 was ₹1 Mil. Vinny Overseas's Interest Expense for the three months ended in Dec. 2024 was ₹-1 Mil. Vinny Overseas's interest coverage for the quarter that ended in Dec. 2024 was 1.74. The higher the ratio, the stronger the company's financial strength is.

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

BOM:543670' s Interest Coverage Range Over the Past 10 Years
Min: 1.11   Med: 2.55   Max: 4.16
Current: 1.81


BOM:543670's Interest Coverage is ranked worse than
77.16% of 718 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.07 vs BOM:543670: 1.81

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


Vinny Overseas Interest Coverage Historical Data

The historical data trend for Vinny Overseas'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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Vinny Overseas Interest Coverage Chart

Vinny Overseas Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.22 1.11 - 4.16 3.11

Vinny Overseas Quarterly Data
Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 2.71 1.59 1.81 2.18 1.74

Competitive Comparison of Vinny Overseas's Interest Coverage

For the Textile Manufacturing subindustry, Vinny Overseas'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.


Vinny Overseas's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Vinny Overseas's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Vinny Overseas's Interest Coverage falls into.


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Vinny Overseas 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.

Vinny Overseas'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, Vinny Overseas's Interest Expense was ₹-17 Mil. Its Operating Income was ₹52 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹30 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*51.762/-16.619
=3.11

Vinny Overseas's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Vinny Overseas's Interest Expense was ₹-1 Mil. Its Operating Income was ₹1 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*1.197/-0.686
=1.74

* 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.


Vinny Overseas  (BOM:543670) 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 .


Vinny Overseas Interest Coverage Related Terms

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


Vinny Overseas Business Description

Traded in Other Exchanges
Address
C/O. Vinny Overseas Limited, Narol-Isanpur Road, Behind International Hotel, Narol, Ahmedabad, GJ, IND, 382405
Vinny Overseas Ltd is an Indian firm carrying on the business of Textile products. The products of the company include cotton fabrics, PV blended, PC blended Rayon, Denims, and polyester. Substantial revenue is generated from the manufactured cloth sales.

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