Mayank Cattle Food (BOM:544106) Interest Coverage : 3.34 (As of Mar. 2025)

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What is Mayank Cattle Food 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. Mayank Cattle Food's Operating Income for the six months ended in Mar. 2025 was ₹60 Mil. Mayank Cattle Food's Interest Expense for the six months ended in Mar. 2025 was ₹-18 Mil. Mayank Cattle Food's interest coverage for the quarter that ended in Mar. 2025 was 3.34. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Mayank Cattle Food's Interest Coverage or its related term are showing as below:

BOM:544106' s Interest Coverage Range Over the Past 10 Years
Min: 1.41 Med: 1.62 Max: 2.85
Current: 2.85

BOM:544106's Interest Coverage is ranked worse than
75.25% of 1475 companies
in the Consumer Packaged Goods industry
Industry Median: 8.44 vs BOM:544106: 2.85

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

Mayank Cattle Food Interest Coverage Historical Data

The historical data trend for Mayank Cattle Food'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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Mayank Cattle Food Interest Coverage Chart

Mayank Cattle Food Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Mar25

Interest Coverage

1.41

1.42

1.62

2.11

2.85

Mayank Cattle Food Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24	Sep24	Mar25
Interest Coverage	Get a 7-Day Free Trial			N/A	N/A	N/A	2.40	3.34

Competitive Comparison of Mayank Cattle Food's Interest Coverage

For the Farm Products subindustry, Mayank Cattle Food'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.

Mayank Cattle Food's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mayank Cattle Food's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Mayank Cattle Food's Interest Coverage falls into.

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Mayank Cattle Food 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.

Mayank Cattle Food'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, Mayank Cattle Food's Interest Expense was ₹-37 Mil. Its Operating Income was ₹106 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹53 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2025 )	/	Interest Expense (A: Mar. 2025 )
	=	-1	*	105.88	/	-37.116
	=	2.85

Mayank Cattle Food's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the six months ended in Mar. 2025, Mayank Cattle Food's Interest Expense was ₹-18 Mil. Its Operating Income was ₹60 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹53 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	59.534	/	-17.841
	=	3.34

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

Mayank Cattle Food (BOM:544106) 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 .

Mayank Cattle Food Interest Coverage Related Terms

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

Mayank Cattle Food Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mayank Cattle Food Ltd (BOM:544106) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rajkot Jamnagar Highway, R. S. No. 162, Near Khandheri Stadium, Village Naranka, Tal. Paddhari, Rajkot, GJ, IND, 360110

Website

https://www.mayankcattlefood.com

Mayank Cattle Food Ltd is engaged in the manufacturing of Maize Cake (Cattle Feed) and maize Oil (Non-edible). The business process involves the purchase of the Maize Germ, then mechanized expelling, packaging, and selling of the Maize Oil and Maize Cake, and trade in Cotton cakes and Cotton Bales. Maize Oil or Corn Oil is extracted from the germ of Maize (Corn) and Maize Cake is the by-product obtained from the extraction of Maize Oil which is very high in fat or oil content.

Mayank Cattle Food Headlines

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