Shipwaves Online (BOM:544646) Interest Coverage: 1.57 (As of Mar. 2026) — 61% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:544646 Shipwaves Online Ltd BOM:544646
16 GF Score
Price ₹2.91
! 7 Warning Signs
View Full Analysis

What is Shipwaves Online Interest Coverage?

Shipwaves Online BOM:544646 -3.96% 16 Interest Coverage is 1.57 as of Mar. 2026, which is 61% below its 10-year median of 4.05. GuruFocus rates BOM:544646 with a GF Score™ of 16/100. The stock has 7 warning signs investors should review. Among 840 Transportation companies, Shipwaves Online ranks worse than 83.57% on this metric.

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. Shipwaves Online's Operating Income for the six months ended in Mar. 2026 was ₹56.2 Mil. Shipwaves Online's Interest Expense for the six months ended in Mar. 2026 was ₹-35.7 Mil. Shipwaves Online's interest coverage for the quarter that ended in Mar. 2026 was 1.57. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Shipwaves Online's Interest Coverage or its related term are showing as below:

BOM:544646' s Interest Coverage Range Over the Past 10 Years
Min: 1.57   Med: 4.05   Max: 4.76
Current: 1.57


BOM:544646's Interest Coverage is ranked worse than
83.57% of 840 companies
in the Transportation industry
Industry Median: 5.655 vs BOM:544646: 1.57

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


Shipwaves Online  (BOM:544646) 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 .


Shipwaves Online Interest Coverage Related Terms


Shipwaves Online Interest Coverage Historical Data

* Premium members only.

The historical data trend for Shipwaves Online'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.

Shipwaves Online Interest Coverage Chart

Shipwaves Online Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Interest Coverage
3.58 4.52 4.76 1.57

Shipwaves Online Semi-Annual Data
Mar23 Mar24 Mar25 Mar26
Interest Coverage 3.58 4.52 4.76 1.57

Shipwaves Online Interest Coverage Competitor Comparison

For the Marine Shipping subindustry, Shipwaves Online'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.


Shipwaves Online Interest Coverage vs Transportation Industry

For the Transportation industry and Industrials sector, Shipwaves Online's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shipwaves Online's Interest Coverage falls into.


BOM:544646
16GF Score
Shipwaves Online Ltd BOM:544646
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shipwaves Online 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.

Shipwaves Online's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Shipwaves Online's Interest Expense was ₹-35.7 Mil. Its Operating Income was ₹56.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹17.9 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*56.214/-35.728
=1.57

Shipwaves Online's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, Shipwaves Online's Interest Expense was ₹-35.7 Mil. Its Operating Income was ₹56.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹17.9 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*56.214/-35.728
=1.57

* 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 1.57 mean?
Shipwaves Online (BOM:544646) has a Interest Coverage of 1.57 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Shipwaves Online and its competitors. This is 61% below median its historical median of 4.05. Over the past decade, Shipwaves Online's Interest Coverage has ranged from 1.57 to 4.76. According to the industry distribution chart, Shipwaves Online ranks #702 out of 840 companies in the Transportation industry, placing it in the top 83.6%.
Is Shipwaves Online's Interest Coverage too high?
Shipwaves Online's current Interest Coverage of 1.57 is 61% below median its 10-year median of 4.05. Over the past 10 years, this metric has ranged from a low of 1.57 to a high of 4.76. The Transportation industry median Interest Coverage is 5.66. Shipwaves Online's value of 1.57 is 72.2% below this industry median. Based on the distribution chart, Shipwaves Online ranks #702 out of 840 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Shipwaves Online has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Shipwaves Online's Interest Coverage compare to competitors?
According to the Transportation industry distribution chart, Shipwaves Online ranks #702 out of 840 companies for Interest Coverage. This places Shipwaves Online in the lower half of its industry. The industry median Interest Coverage is 5.66. Shipwaves Online's value of 1.57 is 72.2% below this benchmark. Historically, Shipwaves Online's own Interest Coverage has ranged from 1.57 to 4.76 over the past decade. While the company's 10-year median is 4.05 vs. the industry median of 5.66, Shipwaves Online has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Transportation company?
The median Interest Coverage among Transportation companies is 5.66, based on 840 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shipwaves Online's current Interest Coverage of 1.57 is 72.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Shipwaves Online and its competitors. For the Transportation industry, the median Interest Coverage is 5.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shipwaves Online's current Interest Coverage is 1.57, which is 61% below median its own 10-year median of 4.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shipwaves Online stock overvalued right now?
Shipwaves Online (BOM:544646) has a current Interest Coverage of 1.57. The current Interest Coverage is 1.57, which is 61% below median its 10-year median of 4.05 and 72.2% below the Transportation industry median of 5.66. Shipwaves Online's overall GF Score™ is 16/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Shipwaves Online (BOM:544646), the current Interest Coverage is 1.57 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Shipwaves Online Business Description

Address 1st cross, Attavara, 18-2-16/4(3), 3rd Floor, Mukka Corporate House, Dakshina Kannada, Mangalore, KA, IND, 575001
Shipwaves Online Ltd presents itself as a comprehensive, single unified platform designed to meet its client's shipping and logistical needs. Its expertise spans across multimodal transportation solutions, offering seamless end-to-end support for shipments across Ocean, Land, and Air. The company's platform is built to offer real-time visibility, ensuring that clients have full transparency and control over their logistics operations from the point of origin to the final destination. The Company offers two primary service categories-Digital Freight Forwarding and Enterprise SaaS Solutions-each designed to meet the evolving needs of businesses in the logistics and supply chain industry. The company generates majority of its revenue from Ocean Shipment.
16GF Score

Get the complete analysis for BOM:544646

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹2.91
Price