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Sodhani Academy of Fintech Enablers (BOM:544257) Interest Coverage : No Debt (1) (As of Sep. 2024)


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What is Sodhani Academy of Fintech Enablers 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. Sodhani Academy of Fintech Enablers's Operating Income for the six months ended in Sep. 2024 was ₹3.10 Mil. Sodhani Academy of Fintech Enablers's Interest Expense for the six months ended in Sep. 2024 was ₹0.00 Mil. Sodhani Academy of Fintech Enablers has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Sodhani Academy of Fintech Enablers 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 Sodhani Academy of Fintech Enablers's Interest Coverage or its related term are showing as below:

BOM:544257' s Interest Coverage Range Over the Past 10 Years
Min: 6970.5   Med: 11215.5   Max: 17398
Current: No Debt


BOM:544257's Interest Coverage is ranked better than
99.5% of 800 companies
in the Business Services industry
Industry Median: 13.325 vs BOM:544257: 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.


Sodhani Academy of Fintech Enablers Interest Coverage Historical Data

The historical data trend for Sodhani Academy of Fintech Enablers'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.

Sodhani Academy of Fintech Enablers Interest Coverage Chart

Sodhani Academy of Fintech Enablers Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Interest Coverage
No Debt 17,398.00 12,431.00 6,970.50

Sodhani Academy of Fintech Enablers Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24
Interest Coverage Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Sodhani Academy of Fintech Enablers's Interest Coverage

For the Specialty Business Services subindustry, Sodhani Academy of Fintech Enablers'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.


Sodhani Academy of Fintech Enablers's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Sodhani Academy of Fintech Enablers's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sodhani Academy of Fintech Enablers's Interest Coverage falls into.


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Sodhani Academy of Fintech Enablers 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.

Sodhani Academy of Fintech Enablers'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, Sodhani Academy of Fintech Enablers's Interest Expense was ₹-0.00 Mil. Its Operating Income was ₹13.94 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*13.941/-0.002
=6,970.50

Sodhani Academy of Fintech Enablers's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Sodhani Academy of Fintech Enablers's Interest Expense was ₹0.00 Mil. Its Operating Income was ₹3.10 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

Sodhani Academy of Fintech Enablers had no debt (1).

* 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.


Sodhani Academy of Fintech Enablers  (BOM:544257) 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 .


Sodhani Academy of Fintech Enablers Interest Coverage Related Terms

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Sodhani Academy of Fintech Enablers Business Description

Traded in Other Exchanges
N/A
Address
P No. C373, First Floor, C Block, Vaishali Nagar, Jaipur, RJ, IND, 302021
Sodhani Academy of Fintech Enablers Ltd is engaged in the business of providing training, consultancy and learning services. Its focus is area of service delivery that has been under the domain of financial literacy and awareness. The company's business segment is Training and Learning.

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