Mach Conferences and Events (BOM:544248) Interest Coverage : 21.45 (As of Sep. 2024)

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What is Mach Conferences and Events 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. Mach Conferences and Events's Operating Income for the six months ended in Sep. 2024 was ₹109 Mil. Mach Conferences and Events's Interest Expense for the six months ended in Sep. 2024 was ₹-5 Mil. Mach Conferences and Events's interest coverage for the quarter that ended in Sep. 2024 was 21.45. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Mach Conferences and Events's Interest Coverage or its related term are showing as below:

BOM:544248' s Interest Coverage Range Over the Past 10 Years
Min: 14.4 Med: 18.45 Max: 25.59
Current: 25.59

BOM:544248's Interest Coverage is ranked better than
60.1% of 802 companies
in the Business Services industry
Industry Median: 13.19 vs BOM:544248: 25.59

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

Mach Conferences and Events Interest Coverage Historical Data

The historical data trend for Mach Conferences and Events'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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Mach Conferences and Events Interest Coverage Chart

Mach Conferences and Events Annual Data

Trend

Mar22

Mar23

Mar24

Interest Coverage

14.40

22.50

Mach Conferences and Events Semi-Annual Data
	Mar22	Mar23	Sep23	Mar24	Sep24
Interest Coverage	No Debt	N/A	11.96	27.61	21.45

Competitive Comparison of Mach Conferences and Events's Interest Coverage

For the Specialty Business Services subindustry, Mach Conferences and Events'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.

Mach Conferences and Events's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Mach Conferences and Events's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Mach Conferences and Events's Interest Coverage falls into.

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Mach Conferences and Events 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.

Mach Conferences and Events'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, Mach Conferences and Events's Interest Expense was ₹-15 Mil. Its Operating Income was ₹348 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹62 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	348.194	/	-15.477
	=	22.50

Mach Conferences and Events's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Mach Conferences and Events's Interest Expense was ₹-5 Mil. Its Operating Income was ₹109 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹58 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	109.221	/	-5.092
	=	21.45

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

Mach Conferences and Events (BOM:544248) 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 .

Mach Conferences and Events Interest Coverage Related Terms

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Mach Conferences and Events Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mach Conferences and Events Ltd (BOM:544248) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sector 2, C-127 2nd Floor, Gautam Buddha Nagar, Noida, UP, IND, 201301

Website

https://www.machconferences.com

Mach Conferences and Events Ltd provides a comprehensive array of services tailor-made for MICE (Meetings, Incentives, Conferences, Exhibitions) and the Events sector. Its experience ranges from arranging small corporate events to large global events. It specializes in conference management, Exhibition Management and Global Event Planning. The company also manages all logistical aspects of events at specific destinations. This includes venue selection, accommodation arrangements, transportation logistics, local activities, and on-site coordination.

Mach Conferences and Events Headlines

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