Aritas Vinyl (BOM:544683) Interest Coverage: 2.24 (As of Mar. 2026) — 20% Below Median

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BOM:544683 Aritas Vinyl Ltd BOM:544683
13 GF Score
Price ₹13.60
! 3 Warning Signs
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What is Aritas Vinyl Interest Coverage?

Aritas Vinyl BOM:544683 -0.37% 13 Interest Coverage is 2.24 as of Mar. 2026, which is 20% below its 10-year median of 2.80. GuruFocus rates BOM:544683 with a GF Score™ of 13/100. The stock has 3 warning signs investors should review. Among 742 Manufacturing - Apparel & Accessories companies, Aritas Vinyl ranks worse than 70.62% 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. Aritas Vinyl's Operating Income for the six months ended in Mar. 2026 was ₹31.2 Mil. Aritas Vinyl's Interest Expense for the six months ended in Mar. 2026 was ₹-13.9 Mil. Aritas Vinyl's interest coverage for the quarter that ended in Mar. 2026 was 2.24. The higher the ratio, the stronger the company's financial strength is.

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

BOM:544683' s Interest Coverage Range Over the Past 10 Years
Min: 2.05   Med: 2.8   Max: 2.98
Current: 2.24


BOM:544683's Interest Coverage is ranked worse than
70.62% of 742 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.3 vs BOM:544683: 2.24

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


Aritas Vinyl  (BOM:544683) 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 .


Aritas Vinyl Interest Coverage Related Terms


Aritas Vinyl Interest Coverage Historical Data

* Premium members only.

The historical data trend for Aritas Vinyl'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.

Aritas Vinyl Interest Coverage Chart

Aritas Vinyl Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
2.80 2.11 2.05 2.83 2.98

Aritas Vinyl Semi-Annual Data
Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage N/A N/A N/A 2.87 2.24

BOM:544683 vs RL, LEVI, VFC: Interest Coverage Comparison

For the Apparel Manufacturing subindustry, Aritas Vinyl'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.


Aritas Vinyl Interest Coverage vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Aritas Vinyl's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Aritas Vinyl's Interest Coverage falls into.


BOM:544683
13GF Score
Aritas Vinyl Ltd BOM:544683
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Aritas Vinyl 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.

Aritas Vinyl'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, Aritas Vinyl's Interest Expense was ₹-26.2 Mil. Its Operating Income was ₹78.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹57.5 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*77.977/-26.15
=2.98

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

Here, for the six months ended in Mar. 2026, Aritas Vinyl's Interest Expense was ₹-13.9 Mil. Its Operating Income was ₹31.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹57.5 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*31.214/-13.947
=2.24

* 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 2.24 mean?
Aritas Vinyl (BOM:544683) has a Interest Coverage of 2.24 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Aritas Vinyl and its competitors. This is 20% below median its historical median of 2.80. Over the past decade, Aritas Vinyl's Interest Coverage has ranged from 2.05 to 2.98. According to the industry distribution chart, Aritas Vinyl ranks #524 out of 742 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 70.6%.
Is Aritas Vinyl's Interest Coverage too high?
Aritas Vinyl's current Interest Coverage of 2.24 is 20% below median its 10-year median of 2.80. Over the past 10 years, this metric has ranged from a low of 2.05 to a high of 2.98. The Manufacturing - Apparel & Accessories industry median Interest Coverage is 5.30. Aritas Vinyl's value of 2.24 is 57.7% below this industry median. Based on the distribution chart, Aritas Vinyl ranks #524 out of 742 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Aritas Vinyl has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Aritas Vinyl's Interest Coverage compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Aritas Vinyl ranks #524 out of 742 companies for Interest Coverage. This places Aritas Vinyl in the lower half of its industry. The industry median Interest Coverage is 5.30. Aritas Vinyl's value of 2.24 is 57.7% below this benchmark. Historically, Aritas Vinyl's own Interest Coverage has ranged from 2.05 to 2.98 over the past decade. While the company's 10-year median is 2.80 vs. the industry median of 5.30, Aritas Vinyl 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 Manufacturing - Apparel & Accessories company?
The median Interest Coverage among Manufacturing - Apparel & Accessories companies is 5.30, based on 742 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. Aritas Vinyl's current Interest Coverage of 2.24 is 57.7% 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 Aritas Vinyl and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Interest Coverage is 5.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aritas Vinyl's current Interest Coverage is 2.24, which is 20% below median its own 10-year median of 2.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aritas Vinyl stock overvalued right now?
Aritas Vinyl (BOM:544683) has a current Interest Coverage of 2.24. The current Interest Coverage is 2.24, which is 20% below median its 10-year median of 2.80 and 57.7% below the Manufacturing - Apparel & Accessories industry median of 5.30. Aritas Vinyl's overall GF Score™ is 13/100 with 3 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 Aritas Vinyl (BOM:544683), the current Interest Coverage is 2.24 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.

Aritas Vinyl Business Description

Address Survey No. 1134, Near Elegant Vinyl Private Limited, Daskroi, Ahmedabad, GJ, IND, 382430
Aritas Vinyl Ltd is engaged in the manufacture of artificial leather, including PVC leather cloth, PVC vinyl, soft board, and PVC fabrics produced from PVC materials. These products are supplied for use in a range of applications, including travel goods, personal accessories, toys, stationery items, footwear, apparel, and other related products. The company operates in a single segment i.e. Artificial Leather (PVC Leather Cloth) Manufacturing. Geographically, it exports to various countries including Greece, Oman, UAE, etc. The company derives revenue from the sale of its products, with the majority generated from its sales in the domestic markets.
13GF Score

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

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