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Dindigul farm Product (BOM:544201) Interest Coverage : 2.85 (As of Mar. 2023)


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What is Dindigul farm Product 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. Dindigul farm Product's Operating Income for the six months ended in Mar. 2023 was ₹73.5 Mil. Dindigul farm Product's Interest Expense for the six months ended in Mar. 2023 was ₹-25.8 Mil. Dindigul farm Product's interest coverage for the quarter that ended in Mar. 2023 was 2.85. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Dindigul farm Product's Interest Coverage or its related term are showing as below:


BOM:544201's Interest Coverage is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 8.76
* 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.


Dindigul farm Product Interest Coverage Historical Data

The historical data trend for Dindigul farm Product'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.

* Premium members only.

Dindigul farm Product Interest Coverage Chart

Dindigul farm Product Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Interest Coverage
N/A - - 2.85

Dindigul farm Product Semi-Annual Data
Mar20 Mar21 Mar22 Mar23
Interest Coverage N/A - - 2.85

Competitive Comparison of Dindigul farm Product's Interest Coverage

For the Packaged Foods subindustry, Dindigul farm Product'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.


Dindigul farm Product's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dindigul farm Product's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Dindigul farm Product's Interest Coverage falls into.


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Dindigul farm Product 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.

Dindigul farm Product'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, Dindigul farm Product's Interest Expense was ₹-25.8 Mil. Its Operating Income was ₹73.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹196.1 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2023 )/Interest Expense (A: Mar. 2023 )
=-1*73.458/-25.801
=2.85

Dindigul farm Product's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Here, for the six months ended in Mar. 2023, Dindigul farm Product's Interest Expense was ₹-25.8 Mil. Its Operating Income was ₹73.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹196.1 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2023 )/Interest Expense (Q: Mar. 2023 )
=-1*73.458/-25.801
=2.85

* 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.


Dindigul farm Product  (BOM:544201) 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 .


Dindigul farm Product Interest Coverage Related Terms

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Dindigul farm Product Business Description

Traded in Other Exchanges
N/A
Address
No. 2/52-3, Pillaiyarnatham, Pithalaipatty Post, Dindigul, TN, IND, 624002
Dindigul farm Product Ltd is engaged in the processing of whole milk and skimmed milk to make dairy ingredients including milk protein concentrates, skimmed milk powder, dairy whitener, whey protein concentrate, milk whey powder, casein, unbranded cream, butter and fat-filled powders for infant milk formula. The company's products include Milk Protein Concentrate (MPC), Skimmed Milk Powder (SMP), Whey Powder (WP), and Casein, Sodium Caseinate, Fat Filled Powder, etc.

Dindigul farm Product Headlines

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