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Meghna Condensed Milk Industries (DHA:MEGCONMILK) Interest Coverage : 0 (At Loss) (As of . 20)


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What is Meghna Condensed Milk Industries 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. Meghna Condensed Milk Industries's Operating Income for the six months ended in . 20 was BDT0.00 Mil. Meghna Condensed Milk Industries's Interest Expense for the six months ended in . 20 was BDT0.00 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

(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 Meghna Condensed Milk Industries's Interest Coverage or its related term are showing as below:


DHA:MEGCONMILK's Interest Coverage is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 8.4
* Ranked among companies with meaningful Interest Coverage only.

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


Meghna Condensed Milk Industries Interest Coverage Historical Data

The historical data trend for Meghna Condensed Milk Industries'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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Meghna Condensed Milk Industries Interest Coverage Chart

Meghna Condensed Milk Industries Annual Data
Trend
Interest Coverage

Meghna Condensed Milk Industries Semi-Annual Data
Interest Coverage

Competitive Comparison of Meghna Condensed Milk Industries's Interest Coverage

For the Packaged Foods subindustry, Meghna Condensed Milk Industries'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.


Meghna Condensed Milk Industries's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Meghna Condensed Milk Industries's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Meghna Condensed Milk Industries's Interest Coverage falls into.


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Meghna Condensed Milk Industries 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.

Meghna Condensed Milk Industries's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Meghna Condensed Milk Industries's Interest Expense was BDT0.00 Mil. Its Operating Income was BDT0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was BDT0.00 Mil.

Meghna Condensed Milk Industries had no debt (1).

Meghna Condensed Milk Industries's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the six months ended in . 20, Meghna Condensed Milk Industries's Interest Expense was BDT0.00 Mil. Its Operating Income was BDT0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was BDT0.00 Mil.

Meghna Condensed Milk Industries 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.


Meghna Condensed Milk Industries  (DHA:MEGCONMILK) 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 .


Meghna Condensed Milk Industries Interest Coverage Related Terms

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Meghna Condensed Milk Industries Business Description

Traded in Other Exchanges
N/A
Address
55, Purana Paltan, Meghana Industrial complex 2, Dhaka, BGD, 1000
Meghna Condensed Milk Industries Ltd manufactures condensed milk in Bangladesh.

Meghna Condensed Milk Industries Headlines

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