Varyaa Creations (BOM:544168) Interest Coverage : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Varyaa Creations 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. Varyaa Creations's Operating Income for the six months ended in Sep. 2024 was ₹8.4 Mil. Varyaa Creations's Interest Expense for the six months ended in Sep. 2024 was ₹0.0 Mil. Varyaa Creations has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Varyaa Creations Ltd has no debt.

(1) 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.

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

BOM:544168' s Interest Coverage Range Over the Past 10 Years
Min: 6.35 Med: 26.58 Max: No Debt
Current: No Debt

BOM:544168's Interest Coverage is ranked better than
99.75% of 795 companies
in the Retail - Cyclical industry
Industry Median: 7.6 vs BOM:544168: No Debt

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

Varyaa Creations Interest Coverage Historical Data

The historical data trend for Varyaa Creations'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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Varyaa Creations Interest Coverage Chart

Varyaa Creations Annual Data

Trend

Mar21

Mar22

Mar23

Interest Coverage

6.35

46.80

Varyaa Creations Semi-Annual Data
	Mar21	Mar22	Mar23	Sep24
Interest Coverage	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Varyaa Creations's Interest Coverage

For the Luxury Goods subindustry, Varyaa Creations'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.

Varyaa Creations's Interest Coverage Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Varyaa Creations's Interest Coverage falls into.

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Varyaa Creations 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.

Varyaa Creations'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, Varyaa Creations's Interest Expense was ₹-0.2 Mil. Its Operating Income was ₹10.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	10.109	/	-0.216
	=	46.80

Varyaa Creations's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Varyaa Creations's Interest Expense was ₹0.0 Mil. Its Operating Income was ₹8.4 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Varyaa Creations had no debt ⁽¹⁾.

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

Varyaa Creations (BOM:544168) 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 .

Varyaa Creations Interest Coverage Related Terms

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

Varyaa Creations Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Varyaa Creations Ltd (BOM:544168) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Jagannath Shankarseth Marg, Grant Road, 11, Floor-3rd, Plot 5/1721, Kailash Darshan, Kennedy Bridge, Gamdevi, Mumbai, MH, IND, 400007

Website

https://www.varyaacreations.com

Varyaa Creations Ltd is engaged in the business of wholesale trading of gold, silver, precious stones, semi-precious stones, and diamonds. Its products are sold only through the offline market. It also intends to focus on manufacturing and selling jewelry. The company's product portfolio includes necklaces, earrings, Tops, rings, bracelets, Bangles, Gemstones, Diamonds, lab-grown diamonds, and Pearls, and also makes customized jewelry as per customers' needs. The company generates all of its revenue within India.

Varyaa Creations Headlines

No Headlines

Varyaa Creations (BOM:544168) Interest Coverage : No Debt (1) (As of Sep. 2024)