Cube Highways Trust (BOM:543899) Interest Coverage : 0.83 (As of Sep. 2024)

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What is Cube Highways Trust 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. Cube Highways Trust's Operating Income for the six months ended in Sep. 2024 was ₹4,471 Mil. Cube Highways Trust's Interest Expense for the six months ended in Sep. 2024 was ₹-5,373 Mil. Cube Highways Trust's interest coverage for the quarter that ended in Sep. 2024 was 0.83. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Cube Highways Trusts earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for Cube Highways Trust's Interest Coverage or its related term are showing as below:

BOM:543899' s Interest Coverage Range Over the Past 10 Years
Min: 0.25 Med: 0.68 Max: No Debt
Current: 0.8

BOM:543899's Interest Coverage is ranked worse than
93.44% of 1326 companies
in the Construction industry
Industry Median: 7.22 vs BOM:543899: 0.80

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

Cube Highways Trust Interest Coverage Historical Data

The historical data trend for Cube Highways Trust'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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Cube Highways Trust Interest Coverage Chart

Cube Highways Trust Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

0.68

0.48

0.25

No Debt

0.71

Cube Highways Trust Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Interest Coverage	Get a 7-Day Free Trial			No Debt	No Debt	0.65	0.76	0.83

Competitive Comparison of Cube Highways Trust's Interest Coverage

For the Infrastructure Operations subindustry, Cube Highways Trust'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.

Cube Highways Trust's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Cube Highways Trust's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Cube Highways Trust's Interest Coverage falls into.

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Cube Highways Trust 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.

Cube Highways Trust'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, Cube Highways Trust's Interest Expense was ₹-8,649 Mil. Its Operating Income was ₹6,111 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹102,630 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	6111.16	/	-8649.19
	=	0.71

Cube Highways Trust's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Cube Highways Trust's Interest Expense was ₹-5,373 Mil. Its Operating Income was ₹4,471 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	4470.79	/	-5372.68
	=	0.83

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

Cube Highways Trust (BOM:543899) 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 .

Cube Highways Trust Interest Coverage Related Terms

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

Cube Highways Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Cube Highways Trust (BOM:543899) » Definitions » Interest Coverage

Traded in Other Exchanges

CUBEINVIT:India

Address

Unit No. 1901, Tower-B, World Trade Tower, Plot No. C-1, 19th Floor, Sector-16, Noida, UP, IND, 201301

Website

https://www.cubehighwaystrust.com

Cube Highways Trust is an Indian infrastructure investment trust sponsored by Cube Highways and Infrastructure Pte. Ltd. and Cube Highways and Infrastructure III Pte. Ltd., established to acquire and operate road assets in India and registered under the InvIT Regulations. The Cube Group is implementing the public-private partnership (PPP) model in the country's highways sector to operate and manage highway projects in association with the central and state governments.

Cube Highways Trust Headlines

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