Suraj Estate Developers (BOM:544054) Interest Coverage : 7.34 (As of Mar. 2025)

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What is Suraj Estate Developers 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. Suraj Estate Developers's Operating Income for the three months ended in Mar. 2025 was ₹293 Mil. Suraj Estate Developers's Interest Expense for the three months ended in Mar. 2025 was ₹-40 Mil. Suraj Estate Developers's interest coverage for the quarter that ended in Mar. 2025 was 7.34. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Suraj Estate Developers's Interest Coverage or its related term are showing as below:

BOM:544054' s Interest Coverage Range Over the Past 10 Years
Min: 1.08 Med: 1.43 Max: 3.01
Current: 3.01

BOM:544054's Interest Coverage is ranked worse than
57.2% of 1313 companies
in the Real Estate industry
Industry Median: 3.97 vs BOM:544054: 3.01

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

Suraj Estate Developers Interest Coverage Historical Data

The historical data trend for Suraj Estate Developers'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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Suraj Estate Developers Interest Coverage Chart

Suraj Estate Developers Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Mar25

Interest Coverage

1.08

1.43

1.42

1.65

3.01

Suraj Estate Developers Quarterly Data
	Mar21	Mar22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Coverage	Get a 7-Day Free Trial						2.07	2.78	3.26	2.17	7.34

Competitive Comparison of Suraj Estate Developers's Interest Coverage

For the Real Estate - Development subindustry, Suraj Estate Developers'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.

Suraj Estate Developers's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Suraj Estate Developers's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Suraj Estate Developers's Interest Coverage falls into.

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Suraj Estate Developers 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.

Suraj Estate Developers's Interest Coverage for the fiscal year that ended in Mar. 2025 is calculated as

Here, for the fiscal year that ended in Mar. 2025, Suraj Estate Developers's Interest Expense was ₹-657 Mil. Its Operating Income was ₹1,977 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹3,463 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2025 )	/	Interest Expense (A: Mar. 2025 )
	=	-1	*	1976.82	/	-657.02
	=	3.01

Suraj Estate Developers's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Suraj Estate Developers's Interest Expense was ₹-40 Mil. Its Operating Income was ₹293 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹3,463 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	293.19	/	-39.96
	=	7.34

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

Suraj Estate Developers (BOM:544054) 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 .

Suraj Estate Developers Interest Coverage Related Terms

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Suraj Estate Developers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Suraj Estate Developers Ltd (BOM:544054) » Definitions » Interest Coverage

Traded in Other Exchanges

SURAJEST:India

Address

Veer Savarkar Marg, 301, 3rd Floor, Aman Chambers, Opposite Bengal Chemicals, Prabhadevi, Mumbai, MH, IND, 400025

Website

https://www.surajestate.com

Suraj Estate Developers Ltd is involved in the real estate business. It develops real estate across the residential and commercial sectors in the South Central Mumbai region. The Company is principally engaged in the development of real estate in India which includes the development and sale of residential and commercial premises. The company generates all of its revenue within India. The company's projects include Suraj Emmanuel, Ocean Star, Suraj Lumina, The Palette, Louisandra, Ave Maria, Nirvana, Vitalis, Park View, and Eterna.

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