Senco Gold (BOM:543936) Interest Coverage : 1.62 (As of Sep. 2023)

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What is Senco Gold 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. Senco Gold's Operating Income for the six months ended in Sep. 2023 was ₹809 Mil. Senco Gold's Interest Expense for the six months ended in Sep. 2023 was ₹-500 Mil. Senco Gold's interest coverage for the quarter that ended in Sep. 2023 was 1.62. The higher the ratio, the stronger the company's financial strength is.

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

BOM:543936' s Interest Coverage Range Over the Past 10 Years
Min: 2 Med: 3.73 Max: 4.86
Current: 3.42

BOM:543936's Interest Coverage is ranked worse than
68.95% of 760 companies
in the Retail - Cyclical industry
Industry Median: 7.755 vs BOM:543936: 3.42

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

Senco Gold Interest Coverage Historical Data

The historical data trend for Senco Gold'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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Senco Gold Interest Coverage Chart

Senco Gold Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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3.78

3.70

2.56

3.90

3.75

Senco Gold Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial							N/A	N/A	1.74	5.76	1.62

Competitive Comparison of Senco Gold's Interest Coverage

For the Luxury Goods subindustry, Senco Gold'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.

Senco Gold's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Senco Gold's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Senco Gold's Interest Coverage falls into.

Senco Gold 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.

Senco Gold's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Senco Gold's Interest Expense was ₹-774 Mil. Its Operating Income was ₹2,903 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1,898 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	2902.9	/	-774.29
	=	3.75

Senco Gold's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Senco Gold's Interest Expense was ₹-500 Mil. Its Operating Income was ₹809 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹2,108 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	808.78	/	-499.95
	=	1.62

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

Senco Gold (BOM:543936) 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 .

Senco Gold Interest Coverage Related Terms

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

Senco Gold (BOM:543936) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Senco Gold Ltd (BOM:543936) » Definitions » Interest Coverage

Traded in Other Exchanges

SENCO:India

Address

A.J.C. Bose Road, Unit no. 1001, 10th floor, 41A, Diamond Prestige, Kolkata, WB, IND, 700 017

Website

https://www.sencogoldanddiamonds.com

Senco Gold Ltd is a pan-India jewellery retail company with a history of more than five decades and has a fourth-generation entrepreneur in the jewellery industry as its Promoter. The company primarily sell gold and diamond jewellery and also sell jewellery made of silver, platinum and precious and semi-precious stones and other metals. Its other offerings also include costume jewellery, gold and silver coins and utensils made of silver. Its products are sold under the Senco Gold & Diamonds tradename, through multiple channels, including its 75 Company Operated Showrooms and 61 Franchisee Showrooms and various online platforms, including its website.

Senco Gold (BOM:543936) Headlines

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