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. Ankit Metal & Power's
Operating Income
for the
three
months ended in Dec. 2023 was ₹-761 Mil. Ankit Metal & Power's Interest Expense for the
three
months ended in Dec. 2023 was ₹-0 Mil.
did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Ankit Metal & Power's Interest Coverage or its related term are showing as below:
NSE:ANKITMETAL's Interest Coverage is not ranked *
in the Steel industry.
Industry Median: 4.41 * Ranked among companies with meaningful Interest Coverage only.
Ankit Metal & Power (NSE:ANKITMETAL) 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 .
Ankit Metal & Power Interest Coverage Related Terms
Ankit Metal & Power Interest Coverage Historical Data
* Premium members only.
The historical data trend for Ankit Metal & Power'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.
NSE:ANKITMETAL vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, Ankit Metal & Power'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.
Ankit Metal & Power Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, Ankit Metal & Power's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Ankit Metal & Power's Interest Coverage falls into.
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:
Ankit Metal & Power did not have earnings to cover the interest expense.
* 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.
What does a Interest Coverage of 0 (At Loss) mean?
Ankit Metal & Power (NSE:ANKITMETAL) has a Interest Coverage of 0 (At Loss) as of Dec. 2023. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ankit Metal & Power and its competitors.
Is Ankit Metal & Power's Interest Coverage too high?
Ankit Metal & Power's current Interest Coverage is 0 (At Loss). Overall, Ankit Metal & Power has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Ankit Metal & Power's Interest Coverage compare to NUE and STLD?
Ankit Metal & Power's Interest Coverage of 0 (At Loss) can be compared against companies in the Steel industry. The industry median Interest Coverage is 4.41. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Steel company?
The median Interest Coverage among Steel companies is 4.41, based on 457 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ankit Metal & Power and its competitors. For the Steel industry, the median Interest Coverage is 4.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ankit Metal & Power's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ankit Metal & Power stock overvalued right now?
Ankit Metal & Power (NSE:ANKITMETAL) has a current Interest Coverage of 0 (At Loss). The current Interest Coverage is 0 (At Loss). Ankit Metal & Power's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Ankit Metal & Power (NSE:ANKITMETAL), the current Interest Coverage is 0 (At Loss) as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Ankit Metal & Power Ltd manufactures and sells iron and steel products. Its product portfolio includes Sponge Iron, M.S. Billets, Pig Iron, Ferro Silicon, and others.
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