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Twentyfirst Century Management Services (NSE:21STCENMGM) Interest Coverage : No Debt (1) (As of Sep. 2024)


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What is Twentyfirst Century Management Services 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. Twentyfirst Century Management Services's Operating Income for the three months ended in Sep. 2024 was ₹41 Mil. Twentyfirst Century Management Services's Interest Expense for the three months ended in Sep. 2024 was ₹0 Mil. Twentyfirst Century Management Services has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Twentyfirst Century Management Services Ltd has no debt.

(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 Twentyfirst Century Management Services's Interest Coverage or its related term are showing as below:

NSE:21STCENMGM' s Interest Coverage Range Over the Past 10 Years
Min: 771.87   Med: No Debt   Max: No Debt
Current: No Debt


NSE:21STCENMGM's Interest Coverage is ranked better than
98.47% of 457 companies
in the Capital Markets industry
Industry Median: 17.58 vs NSE:21STCENMGM: No Debt

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


Twentyfirst Century Management Services Interest Coverage Historical Data

The historical data trend for Twentyfirst Century Management Services'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.

* Premium members only.

Twentyfirst Century Management Services Interest Coverage Chart

Twentyfirst Century Management Services Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 771.87 - - No Debt

Twentyfirst Century Management Services Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Twentyfirst Century Management Services's Interest Coverage

For the Capital Markets subindustry, Twentyfirst Century Management Services'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.


Twentyfirst Century Management Services's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Twentyfirst Century Management Services's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Twentyfirst Century Management Services's Interest Coverage falls into.



Twentyfirst Century Management Services 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.

Twentyfirst Century Management Services's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Twentyfirst Century Management Services's Interest Expense was ₹0 Mil. Its Operating Income was ₹293 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Twentyfirst Century Management Services had no debt (1).

Twentyfirst Century Management Services's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Twentyfirst Century Management Services's Interest Expense was ₹0 Mil. Its Operating Income was ₹41 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Twentyfirst Century Management Services 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.


Twentyfirst Century Management Services  (NSE:21STCENMGM) 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 .


Twentyfirst Century Management Services Interest Coverage Related Terms

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Twentyfirst Century Management Services Business Description

Traded in Other Exchanges
Address
Zakaria Bunder Road, 1st Flooor, 2B, Grease House, Sewree (West), Mumbai, MH, IND, 400015
Twentyfirst Century Management Services Ltd is engaged in the capital markets business sector. The company is engaged in investments and trading in Capital Market and Futures & Options segment. It invests in shares and trades in shares and derivatives. The company has one business segment which is Capital Market Operations. It operates its business in the Indian market.

Twentyfirst Century Management Services Headlines

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