Shanti Spintex (BOM:544059) Interest Coverage : 6.76 (As of Mar. 2025)

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What is Shanti Spintex 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. Shanti Spintex's Operating Income for the six months ended in Mar. 2025 was ₹55 Mil. Shanti Spintex's Interest Expense for the six months ended in Mar. 2025 was ₹-8 Mil. Shanti Spintex's interest coverage for the quarter that ended in Mar. 2025 was 6.76. The higher the ratio, the stronger the company's financial strength is.

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

BOM:544059' s Interest Coverage Range Over the Past 10 Years
Min: 2.84 Med: 5.14 Max: 8.6
Current: 8.6

BOM:544059's Interest Coverage is ranked better than
58.43% of 724 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.015 vs BOM:544059: 8.60

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

Shanti Spintex Interest Coverage Historical Data

The historical data trend for Shanti Spintex'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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Shanti Spintex Interest Coverage Chart

Shanti Spintex Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Mar25

Interest Coverage

2.84

3.55

5.14

6.16

8.60

Shanti Spintex Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24	Mar25
Interest Coverage	Get a 7-Day Free Trial			N/A	4.85	7.92	10.27	6.76

Competitive Comparison of Shanti Spintex's Interest Coverage

For the Textile Manufacturing subindustry, Shanti Spintex'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.

Shanti Spintex's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shanti Spintex's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shanti Spintex's Interest Coverage falls into.

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Shanti Spintex 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.

Shanti Spintex'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, Shanti Spintex's Interest Expense was ₹-17 Mil. Its Operating Income was ₹148 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹22 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2025 )	/	Interest Expense (A: Mar. 2025 )
	=	-1	*	147.718	/	-17.183
	=	8.60

Shanti Spintex's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the six months ended in Mar. 2025, Shanti Spintex's Interest Expense was ₹-8 Mil. Its Operating Income was ₹55 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹22 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	55.405	/	-8.195
	=	6.76

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

Shanti Spintex (BOM:544059) 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 .

Shanti Spintex Interest Coverage Related Terms

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

Shanti Spintex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shanti Spintex Ltd (BOM:544059) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

A -1601, Navratna Corporate Park, Ambli Bopal Road, Ahmedabad, GJ, IND, 380058

Website

https://www.shantispintex.com

Shanti Spintex Ltd is engaged in the Manufacturing and selling of Cotton Yarn and Fabrics. It manufactures various types of denim fabrics such as power stretch spandex denim, knit denim, lightweight denim, rigid denim, over-dyed denim, and flat finish 3/1 denim and also offers denim fabrics in a diverse spectrum of shades such as indigo blue, IBST, sulphur black, sulphur grey, etc. The Company's operations encompass the utilization of diverse types of yarns such as cotton yarn, ring yarn, viscose yarn, slub yarn, cotton spandex, polyester spandex, tencel, lyocell, etc. The Company is currently organized into two operating activities - 1. Textile Manufacturing and 2. Windmill Operations. The company generates the majority of its revenue from the Textile segment.

Shanti Spintex Headlines

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