Abans Financial Services (BOM:543712) Interest Coverage : 3.09 (As of Dec. 2024)

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What is Abans Financial 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. Abans Financial Services's Operating Income for the three months ended in Dec. 2024 was ₹516 Mil. Abans Financial Services's Interest Expense for the three months ended in Dec. 2024 was ₹-167 Mil. Abans Financial Services's interest coverage for the quarter that ended in Dec. 2024 was 3.09. The higher the ratio, the stronger the company's financial strength is.

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

BOM:543712' s Interest Coverage Range Over the Past 10 Years
Min: 2.87 Med: 10.84 Max: 29.66
Current: 4.37

BOM:543712's Interest Coverage is ranked worse than
72.57% of 452 companies
in the Capital Markets industry
Industry Median: 22.535 vs BOM:543712: 4.37

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

Abans Financial Services Interest Coverage Historical Data

The historical data trend for Abans Financial 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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Abans Financial Services Interest Coverage Chart

Abans Financial Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

2.87

10.84

15.50

29.66

4.04

Abans Financial Services Quarterly Data
	Mar20	Mar21	Mar22	Aug22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial								2.91	-	2.93	3.96	3.09

Competitive Comparison of Abans Financial Services's Interest Coverage

For the Capital Markets subindustry, Abans Financial 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.

Abans Financial Services's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Abans Financial Services's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Abans Financial Services's Interest Coverage falls into.

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Abans Financial 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.

Abans Financial 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, Abans Financial Services's Interest Expense was ₹-372 Mil. Its Operating Income was ₹1,503 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹2,033 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	1502.659	/	-371.628
	=	4.04

Abans Financial Services's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Abans Financial Services's Interest Expense was ₹-167 Mil. Its Operating Income was ₹516 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	*	515.778	/	-166.741
	=	3.09

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

Abans Financial Services (BOM:543712) 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 .

Abans Financial Services Interest Coverage Related Terms

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

Abans Financial Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Abans Financial Services Ltd (BOM:543712) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

AFSL:India

Address

Backbay Reclamation, 36, 37, 38A, Floor 3, 227 Nariman Bhavan, Nariman Point, Mumbai, MH, IND, 400 021

Website

https://www.abansholdings.com

Abans Financial Services Ltd, formerly Abans Holdings Ltd is engaged in providing financial services. The principal activities of the Company include wealth and asset management services including financial asset distribution, broking, lending, credit, investment solutions, asset and portfolio management, treasury operations, and allied activities. The company is also engaged in advisory services like Corporate Finance, Project Finance, Trade Finance, and providing Business & Retail Loans, unsecured and secured against collateral security, investment in government security, and bonds. The operating segments of the company are Agency business, Internal treasury operations, Lending activities, and Others. The majority of its revenue is derived from the Internal treasury operations segment.

Abans Financial Services Headlines

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