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Gconnect Logitech and Supply Chain (BOM:544156) Interest Coverage : 13.30 (As of Sep. 2024)


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What is Gconnect Logitech and Supply Chain 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. Gconnect Logitech and Supply Chain's Operating Income for the six months ended in Sep. 2024 was ₹2.49 Mil. Gconnect Logitech and Supply Chain's Interest Expense for the six months ended in Sep. 2024 was ₹-0.19 Mil. Gconnect Logitech and Supply Chain's interest coverage for the quarter that ended in Sep. 2024 was 13.30. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Gconnect Logitech and Supply Chain's Interest Coverage or its related term are showing as below:

BOM:544156' s Interest Coverage Range Over the Past 10 Years
Min: 1.36   Med: 3.31   Max: 725.5
Current: 13.3


BOM:544156's Interest Coverage is ranked better than
71.74% of 835 companies
in the Transportation industry
Industry Median: 5.9 vs BOM:544156: 13.30

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


Gconnect Logitech and Supply Chain Interest Coverage Historical Data

The historical data trend for Gconnect Logitech and Supply Chain'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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Gconnect Logitech and Supply Chain Interest Coverage Chart

Gconnect Logitech and Supply Chain Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Interest Coverage
1.46 1.36 5.15 725.50

Gconnect Logitech and Supply Chain Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Sep23 Sep24
Interest Coverage Get a 7-Day Free Trial N/A No Debt No Debt 763.75 13.30

Competitive Comparison of Gconnect Logitech and Supply Chain's Interest Coverage

For the Integrated Freight & Logistics subindustry, Gconnect Logitech and Supply Chain'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.


Gconnect Logitech and Supply Chain's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Gconnect Logitech and Supply Chain's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Gconnect Logitech and Supply Chain's Interest Coverage falls into.


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Gconnect Logitech and Supply Chain 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.

Gconnect Logitech and Supply Chain'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, Gconnect Logitech and Supply Chain's Interest Expense was ₹-0.00 Mil. Its Operating Income was ₹1.45 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2023 )/Interest Expense (A: Mar. 2023 )
=-1*1.451/-0.002
=725.50

Gconnect Logitech and Supply Chain's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Gconnect Logitech and Supply Chain's Interest Expense was ₹-0.19 Mil. Its Operating Income was ₹2.49 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*2.488/-0.187
=13.30

* 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.


Gconnect Logitech and Supply Chain  (BOM:544156) 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 .


Gconnect Logitech and Supply Chain Interest Coverage Related Terms

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Gconnect Logitech and Supply Chain Business Description

Traded in Other Exchanges
N/A
Address
Shop No. 6, Sadguru Complex, Nari Chowkadina, Bhavnagar, GJ, IND, 364001
Gconnect Logitech and Supply Chain Ltd is engaged in the business of providing surface logistics services viz. goods transport services. Its services include bulk load, Full Truck Load (FTL) service, and dedicated load. Under bulk load, it offers bulk transportation service to large-sized companies through their transport contractors, Full Truck Load (FTL) service to retailers and traders, and dedicated load service, which includes multiple pick-ups and drops.

Gconnect Logitech and Supply Chain Headlines

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