DEE Development Engineers (BOM:544198) Interest Coverage : 0 (At Loss) (As of Dec. 2024)

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What is DEE Development Engineers 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. DEE Development Engineers's Operating Income for the three months ended in Dec. 2024 was ₹-67 Mil. DEE Development Engineers's Interest Expense for the three months ended in Dec. 2024 was ₹-99 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for DEE Development Engineers's Interest Coverage or its related term are showing as below:

BOM:544198' s Interest Coverage Range Over the Past 10 Years
Min: 0.89 Med: 1.34 Max: 1.37
Current: 1.04

BOM:544198's Interest Coverage is ranked worse than
95.49% of 2283 companies
in the Industrial Products industry
Industry Median: 15.9 vs BOM:544198: 1.04

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

DEE Development Engineers Interest Coverage Historical Data

The historical data trend for DEE Development Engineers'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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DEE Development Engineers Interest Coverage Chart

DEE Development Engineers Annual Data

Trend

Mar21

Mar22

Mar23

Interest Coverage

0.89

1.37

1.34

DEE Development Engineers Quarterly Data
	Mar21	Mar22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial				1.33	1.82	1.11	2.43	-

Competitive Comparison of DEE Development Engineers's Interest Coverage

For the Metal Fabrication subindustry, DEE Development Engineers'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.

DEE Development Engineers's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, DEE Development Engineers's Interest Coverage distribution charts can be found below:

* The bar in red indicates where DEE Development Engineers's Interest Coverage falls into.

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DEE Development Engineers 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.

DEE Development Engineers'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, DEE Development Engineers's Interest Expense was ₹-279 Mil. Its Operating Income was ₹373 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹706 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	373.05	/	-279.35
	=	1.34

DEE Development Engineers's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, DEE Development Engineers's Interest Expense was ₹-99 Mil. Its Operating Income was ₹-67 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

DEE Development Engineers did not have earnings to cover the interest expense.

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

DEE Development Engineers (BOM:544198) 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 .

DEE Development Engineers Interest Coverage Related Terms

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DEE Development Engineers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » DEE Development Engineers Ltd (BOM:544198) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

DEEDEV:India

Address

Prithla-Tatarpur Road, Unit 1, Village Tatarpur, District Palwal, Faridabad, HR, IND, 121102

Website

https://www.deepiping.com

DEE Development Engineers Ltd is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals and other process industries through engineering, procurement and manufacturing. It also manufacture and supply piping products such as high-pressure piping systems, piping spools, high frequency induction pipe bends, etc. The Group has three reportable segments, as follows: The piping segment, The power segment and The Heavy fabrication segment. Key revenue is generated from the piping segment which is mainly engaged in manufacturing of pre-fabricated engineering products, pipe fittings, piping systems.

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