Gem Enviro Management (BOM:544199) Interest Coverage : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Gem Enviro Management 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. Gem Enviro Management's Operating Income for the three months ended in Sep. 2024 was ₹0.0 Mil. Gem Enviro Management's Interest Expense for the three months ended in Sep. 2024 was ₹0.0 Mil. Gem Enviro Management has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Gem Enviro Management 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 Gem Enviro Management's Interest Coverage or its related term are showing as below:

BOM:544199' s Interest Coverage Range Over the Past 10 Years
Min: 94.7 Med: 112.06 Max: No Debt
Current: No Debt

BOM:544199's Interest Coverage is ranked better than
98.85% of 174 companies
in the Waste Management industry
Industry Median: 5.255 vs BOM:544199: 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.

Gem Enviro Management Interest Coverage Historical Data

The historical data trend for Gem Enviro Management'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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Gem Enviro Management Interest Coverage Chart

Gem Enviro Management Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Interest Coverage

94.70

112.79

111.32

2,806.92

Gem Enviro Management Quarterly Data
	Mar21	Mar22	Mar23	Sep23	Dec23	Mar24	Sep24
Interest Coverage	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Gem Enviro Management's Interest Coverage

For the Waste Management subindustry, Gem Enviro Management'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.

Gem Enviro Management's Interest Coverage Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Gem Enviro Management's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Gem Enviro Management's Interest Coverage falls into.

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Gem Enviro Management 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.

Gem Enviro Management's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Gem Enviro Management's Interest Expense was ₹-0.1 Mil. Its Operating Income was ₹146.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	145.96	/	-0.052
	=	2,806.92

Gem Enviro Management's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Gem Enviro Management's Interest Expense was ₹0.0 Mil. Its Operating Income was ₹0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Gem Enviro Management had no debt ⁽¹⁾.

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

Gem Enviro Management (BOM:544199) 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 .

Gem Enviro Management Interest Coverage Related Terms

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

Gem Enviro Management Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Gem Enviro Management Ltd (BOM:544199) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit No.203, Plaza- P 3, Central Square, Bara Hindu Rao, Delhi, IND, 110006

Website

https://www.gemrecycling.com

Gem Enviro Management Ltd is a Company specialized in collection and recycling of packaging waste and promotion of recycled green products. It is a Waste management agency providing sustainability services to its clients and thereby addressing the profound environmental issues posed by waste. The company provide a range of services, including EPR (Extended Producer Responsibility) compliance, Scrap Management, ESG (Environment, Social and Governance) Consulting, BRSR (Business Responsibility and Sustainability Reporting) Reporting, Project Advisory and Management of Plastic Credits, Sales and Marketing of recycled products, and Eco-Awareness Campaigns. The company has two reportable segments: sale of goods and EPR services, which derives maximum revenue.

Gem Enviro Management Headlines

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Gem Enviro Management (BOM:544199) Interest Coverage : No Debt (1) (As of Sep. 2024)