HMA Agro Industries (BOM:543929) Interest Coverage : 4.65 (As of Mar. 2024)

HMA Agro Industries Interest Coverage Chart

HMA Agro Industries Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Coverage	Get a 7-Day Free Trial				13.07	12.35	12.33	9.49	4.65

Competitive Comparison of HMA Agro Industries's Interest Coverage

For the Packaged Foods subindustry, HMA Agro Industries'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.

HMA Agro Industries's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, HMA Agro Industries's Interest Coverage distribution charts can be found below:

* The bar in red indicates where HMA Agro Industries's Interest Coverage falls into.

HMA Agro Industries 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

HMA Agro Industries'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, HMA Agro Industries's Interest Expense was ₹-136 Mil. Its Operating Income was ₹981 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹295 Mil.

HMA Agro Industries's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, HMA Agro Industries's Interest Expense was ₹-64 Mil. Its Operating Income was ₹297 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹295 Mil.

* 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.

HMA Agro Industries  (BOM:543929) 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 .

HMA Agro Industries Interest Coverage Related Terms

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HMA Agro Industries (BOM:543929) Business Description