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Magenta Lifecare (BOM:544188) Interest Coverage : 0.74 (As of Mar. 2025)


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What is Magenta Lifecare 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. Magenta Lifecare's Operating Income for the six months ended in Mar. 2025 was ₹1.2 Mil. Magenta Lifecare's Interest Expense for the six months ended in Mar. 2025 was ₹-1.7 Mil. Magenta Lifecare's interest coverage for the quarter that ended in Mar. 2025 was 0.74. The higher the ratio, the stronger the company's financial strength is.

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


BOM:544188's Interest Coverage is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 9.355
* Ranked among companies with meaningful Interest Coverage only.

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


Magenta Lifecare Interest Coverage Historical Data

The historical data trend for Magenta Lifecare'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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Magenta Lifecare Interest Coverage Chart

Magenta Lifecare Annual Data
Trend Mar21 Mar22 Mar23 Mar25
Interest Coverage
1.28 1.14 2.33 -

Magenta Lifecare Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Sep24 Mar25
Interest Coverage Get a 7-Day Free Trial N/A N/A - - 0.74

Competitive Comparison of Magenta Lifecare's Interest Coverage

For the Furnishings, Fixtures & Appliances subindustry, Magenta Lifecare'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.


Magenta Lifecare's Interest Coverage Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Magenta Lifecare's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Magenta Lifecare's Interest Coverage falls into.


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Magenta Lifecare 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.

Magenta Lifecare'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, Magenta Lifecare's Interest Expense was ₹-2.7 Mil. Its Operating Income was ₹-2.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹3.6 Mil.

Magenta Lifecare did not have earnings to cover the interest expense.

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

Here, for the six months ended in Mar. 2025, Magenta Lifecare's Interest Expense was ₹-1.7 Mil. Its Operating Income was ₹1.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹3.6 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*1.228/-1.66
=0.74

* 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.


Magenta Lifecare  (BOM:544188) 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 .


Magenta Lifecare Interest Coverage Related Terms

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


Magenta Lifecare Business Description

Traded in Other Exchanges
N/A
Address
N P Patel Estate, A & T Padamla, Vadodara, GJ, IND, 391350
Magenta Lifecare Ltd is a manufacturer of sales, and services of foam-based products such as mattresses and pillows which are marketed under the brand Magenta in India. It offers products such as memory foam, latex-based, bonded mattresses, pocketed springs, and pillows such as memory foam pillows, molded memory foam pillows, molded contour foam pillows, etc.

Magenta Lifecare Headlines

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