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Maple Infrastructure Trust (BOM:543925) Interest Coverage : 0.48 (As of Sep. 2024)


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What is Maple Infrastructure 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. Maple Infrastructure Trust's Operating Income for the six months ended in Sep. 2024 was ₹1,005 Mil. Maple Infrastructure Trust's Interest Expense for the six months ended in Sep. 2024 was ₹-2,078 Mil. Maple Infrastructure Trust's interest coverage for the quarter that ended in Sep. 2024 was 0.48. 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. Maple Infrastructure 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 Maple Infrastructure Trust's Interest Coverage or its related term are showing as below:

BOM:543925' s Interest Coverage Range Over the Past 10 Years
Min: 0.2   Med: 0.66   Max: No Debt
Current: 0.5


BOM:543925's Interest Coverage is not ranked
in the Construction industry.
Industry Median: 7.24 vs BOM:543925: 0.50

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


Maple Infrastructure Trust Interest Coverage Historical Data

The historical data trend for Maple Infrastructure 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.

* Premium members only.

Maple Infrastructure Trust Interest Coverage Chart

Maple Infrastructure Trust Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
Get a 7-Day Free Trial No Debt - - 0.20 0.41

Maple Infrastructure Trust Semi-Annual Data
Mar19 Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Interest Coverage Get a 7-Day Free Trial Premium Member Only - 0.31 0.31 0.51 0.48

Competitive Comparison of Maple Infrastructure Trust's Interest Coverage

For the Infrastructure Operations subindustry, Maple Infrastructure 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.


Maple Infrastructure Trust's Interest Coverage Distribution in the Construction Industry

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

* The bar in red indicates where Maple Infrastructure Trust's Interest Coverage falls into.


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Maple Infrastructure 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.

Maple Infrastructure 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, Maple Infrastructure Trust's Interest Expense was ₹-4,156 Mil. Its Operating Income was ₹1,712 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹46,923 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*1711.659/-4155.937
=0.41

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

Here, for the six months ended in Sep. 2024, Maple Infrastructure Trust's Interest Expense was ₹-2,078 Mil. Its Operating Income was ₹1,005 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*1004.93/-2077.6
=0.48

* 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.


Maple Infrastructure Trust  (BOM:543925) 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 .


Maple Infrastructure Trust Interest Coverage Related Terms

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


Maple Infrastructure Trust Business Description

Traded in Other Exchanges
N/A
Address
Wing A, Sahar, Office Unit No. 2, Ground Floor, Village - Marol, Andheri - East, Mumbai, MH, IND, 400 099
Maple Infrastructure Trust, formerly Indian Highway Concessions Trust is an Indian infrastructure investment trust sponsored by Maple Highways Pte Ltd, a wholly-owned subsidiary of CDPQ Infrastructures Asia Pte. Ltd. The primary business of the Trust is the operations and management of road projects.

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