Appollo Ispat Complex (DHA:APOLOISPAT) Interest Coverage: 0.66 (As of Mar. 2019)

Appollo Ispat Complex  (DHA:APOLOISPAT) 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 .

Appollo Ispat Complex Interest Coverage Related Terms

The historical data trend for Appollo Ispat Complex'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.

Appollo Ispat Complex Interest Coverage Chart

Appollo Ispat Complex Quarterly Data
	Mar14	Jun14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Interest Coverage	Get a 7-Day Free Trial															0.90	1.53	0.69	0.45	0.66

DHA:APOLOISPAT vs TPCS: Interest Coverage Comparison

For the Steel subindustry, Appollo Ispat Complex'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.

Appollo Ispat Complex Interest Coverage vs Steel Industry

For the Steel industry and Basic Materials sector, Appollo Ispat Complex's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Appollo Ispat Complex's Interest Coverage falls into.

Appollo Ispat Complex 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

Appollo Ispat Complex's Interest Coverage for the fiscal year that ended in Jun. 2018 is calculated as

Here, for the fiscal year that ended in Jun. 2018, Appollo Ispat Complex's Interest Expense was BDT-553 Mil. Its Operating Income was BDT619 Mil. And its Long-Term Debt & Capital Lease Obligation was BDT706 Mil.

Appollo Ispat Complex's Interest Coverage for the quarter that ended in Mar. 2019 is calculated as

Here, for the three months ended in Mar. 2019, Appollo Ispat Complex's Interest Expense was BDT-151 Mil. Its Operating Income was BDT99 Mil. And its Long-Term Debt & Capital Lease Obligation was BDT1,400 Mil.

* 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.

Appollo Ispat Complex Business Description