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Meghna Pet Industries (DHA:MEGHNAPET) Interest Coverage : 0 (At Loss) (As of . 20)


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What is Meghna Pet 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 Pet Industries's Operating Income for the six months ended in . 20 was BDT0.00 Mil. Meghna Pet 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 Pet Industries's Interest Coverage or its related term are showing as below:


DHA:MEGHNAPET's Interest Coverage is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 8.36
* 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 Pet Industries Interest Coverage Historical Data

The historical data trend for Meghna Pet 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 Pet Industries Interest Coverage Chart

Meghna Pet Industries Annual Data
Trend
Interest Coverage

Meghna Pet Industries Semi-Annual Data
Interest Coverage

Competitive Comparison of Meghna Pet Industries's Interest Coverage

For the Packaged Foods subindustry, Meghna Pet 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 Pet Industries's Interest Coverage Distribution in the Consumer Packaged Goods Industry

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

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


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Meghna Pet 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 Pet 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 Pet 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 Pet Industries had no debt (1).

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

Here, for the six months ended in . 20, Meghna Pet 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 Pet 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 Pet Industries  (DHA:MEGHNAPET) 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 Pet Industries Interest Coverage Related Terms

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Meghna Pet Industries Business Description

Traded in Other Exchanges
N/A
Address
House No. 56/C Road No. 132, Commercial Cove (6th Floor), Gulshan-1, Dhaka, BGD, 1212
Meghna Pet Industries Ltd is involved in the business of manufacturing Tea, Soyabean Oil, Palm Oil, Mineral Water, Potato, Full Cream Milk Powder, Sweetened and Non-Sweetened Condensed Milk for consumption in Bangladesh market.

Meghna Pet Industries Headlines

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