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Tamijuddin Textile Mills (DHA:TAMIJTEX) Interest Coverage : 0 (At Loss) (As of . 20)


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


DHA:TAMIJTEX's Interest Coverage is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.015
* 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.


Tamijuddin Textile Mills Interest Coverage Historical Data

The historical data trend for Tamijuddin Textile Mills'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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Tamijuddin Textile Mills Interest Coverage Chart

Tamijuddin Textile Mills Annual Data
Trend
Interest Coverage

Tamijuddin Textile Mills Semi-Annual Data
Interest Coverage

Competitive Comparison of Tamijuddin Textile Mills's Interest Coverage

For the Textile Manufacturing subindustry, Tamijuddin Textile Mills'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.


Tamijuddin Textile Mills's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Tamijuddin Textile Mills's Interest Coverage falls into.


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Tamijuddin Textile Mills 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.

Tamijuddin Textile Mills's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Tamijuddin Textile Mills'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.

Tamijuddin Textile Mills had no debt (1).

Tamijuddin Textile Mills's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the six months ended in . 20, Tamijuddin Textile Mills'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.

Tamijuddin Textile Mills 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.


Tamijuddin Textile Mills  (DHA:TAMIJTEX) 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 .


Tamijuddin Textile Mills Interest Coverage Related Terms

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Tamijuddin Textile Mills Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
195, Motijheel C/A, Sena kalyan Bhaban, 11th Floor, Dhaka, BGD, 1000
Tamijuddin Textile Mills PLC owns and operates a textile spinning mill producing and selling assorted cotton yarn and polyester yarn in the local market and exporting under back to back L/C to local knitwear and woven industries.

Tamijuddin Textile Mills Headlines

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