Accent Microcell (NSE:ACCENTMIC) Interest Coverage : 37.55 (As of Mar. 2024)

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What is Accent Microcell 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. Accent Microcell's Operating Income for the six months ended in Mar. 2024 was ₹374 Mil. Accent Microcell's Interest Expense for the six months ended in Mar. 2024 was ₹-10 Mil. Accent Microcell's interest coverage for the quarter that ended in Mar. 2024 was 37.55. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Accent Microcell's Interest Coverage or its related term are showing as below:

NSE:ACCENTMIC' s Interest Coverage Range Over the Past 10 Years
Min: 3.04 Med: 5.14 Max: 37.55
Current: 37.55

NSE:ACCENTMIC's Interest Coverage is ranked better than
67.63% of 655 companies
in the Drug Manufacturers industry
Industry Median: 11.83 vs NSE:ACCENTMIC: 37.55

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

Accent Microcell Interest Coverage Historical Data

The historical data trend for Accent Microcell'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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Accent Microcell Interest Coverage Chart

Accent Microcell Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Interest Coverage

3.04

3.31

6.97

37.55

Accent Microcell Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Interest Coverage	3.04	3.31	6.97	37.55

Competitive Comparison of Accent Microcell's Interest Coverage

For the Drug Manufacturers - Specialty & Generic subindustry, Accent Microcell'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.

Accent Microcell's Interest Coverage Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Accent Microcell's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Accent Microcell's Interest Coverage falls into.

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Accent Microcell 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.

Accent Microcell'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, Accent Microcell's Interest Expense was ₹-10 Mil. Its Operating Income was ₹374 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹15 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	373.805	/	-9.955
	=	37.55

Accent Microcell's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, Accent Microcell's Interest Expense was ₹-10 Mil. Its Operating Income was ₹374 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹15 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	373.805	/	-9.955
	=	37.55

The higher the ratio, the stronger the company's Financial Strength is.

Accent Microcell (NSE:ACCENTMIC) 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 .

Accent Microcell Interest Coverage Related Terms

Thank you for viewing the detailed overview of Accent Microcell's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Accent Microcell Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Accent Microcell Ltd (NSE:ACCENTMIC) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Shyamal Cross Roads, Anandnagar Road, 314, Shangrilla Arcade, Satellite, Ahmedabad, GJ, IND, 380015

Website

https://www.accentmicrocell.com

Accent Microcell Ltd is engaged in the manufacturing business of pharmaceutical excipients including products like Microcrystalline Cellulose which is a term for refined wood pulp and is used as a texturizer, an anti-caking agent, a fat substitute, an emulsifier, an extender, and a bulking agent in food production; Croscarmellose Sodium used as a super disintegrant in pharmaceutical formulations; Magnesium Stearate; Cellulose Powder, and others. Its business segments are segregated based on the location of its manufacturing facilities and include Dahej (SEZ Unit) which generates maximum revenue, Pirana, Unit III, and Inter Unit Sales. Geographically, a majority of the company's revenue is derived through the export of its products to various countries.

Accent Microcell Headlines

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