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. Girnar Spintex Industries's
Operating Income
for the
three
months ended in Mar. 2026 was ₹25 Mil. Girnar Spintex Industries's Interest Expense for the
three
months ended in Mar. 2026 was ₹-25 Mil.
Girnar Spintex Industries's interest coverage for the quarter that ended in Mar. 2026 was 1.02.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Girnar Spintex Industries Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.
The historical rank and industry rank for Girnar Spintex Industries's Interest Coverage or its related term are showing as below:
NSE:ASIL'
s Interest Coverage Range Over the Past 10 Years
Min: 0.48 Med: 1.13 Max: 3.5
Current: 0.48
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 .
Girnar Spintex Industries Interest Coverage Related Terms
Girnar Spintex Industries Interest Coverage Historical Data
* 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.
For the Textile Manufacturing subindustry, Girnar Spintex 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.
Girnar Spintex Industries Interest Coverage vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Girnar Spintex Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Girnar Spintex Industries'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:
* 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.
Girnar Spintex Industries (NSE:ASIL) has a Interest Coverage of 1.02 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Girnar Spintex Industries and its competitors. This is 10% below median its historical median of 1.13. Over the past decade, Girnar Spintex Industries' Interest Coverage has ranged from 0.48 to 3.50.
Is Girnar Spintex Industries' Interest Coverage too high?
Girnar Spintex Industries' current Interest Coverage of 1.02 is 10% below median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 3.50. The Manufacturing - Apparel & Accessories industry median Interest Coverage is 5.44. Girnar Spintex Industries' value of 1.02 is 81.2% below this industry median.
How does Girnar Spintex Industries' Interest Coverage compare to competitors?
Girnar Spintex Industries' Interest Coverage of 1.02 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Interest Coverage is 5.44. Girnar Spintex Industries' value of 1.02 is 81.2% below this benchmark. Historically, Girnar Spintex Industries' own Interest Coverage has ranged from 0.48 to 3.50 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 5.44, Girnar Spintex Industries has consistently been below the industry average. 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 Manufacturing - Apparel & Accessories company?
The median Interest Coverage among Manufacturing - Apparel & Accessories companies is 5.44, based on 742 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. Girnar Spintex Industries's current Interest Coverage of 1.02 is 81.2% below the industry median. 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 Girnar Spintex Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Interest Coverage is 5.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Girnar Spintex Industries's current Interest Coverage is 1.02, which is 10% below median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Girnar Spintex Industries stock overvalued right now?
Girnar Spintex Industries (NSE:ASIL) has a current Interest Coverage of 1.02. The stock's GF Value™ is ₹2.18, compared to a current price of ₹0.70 — trading 67.9% below its estimated fair value. The current Interest Coverage is 1.02, which is 10% below median its 10-year median of 1.13 and 81.2% below the Manufacturing - Apparel & Accessories industry median of 5.44. 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 Girnar Spintex Industries (NSE:ASIL), the current Interest Coverage is 1.02 as of Mar. 2026. 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.
Girnar Spintex Industries Ltd is an India-based company engaged in the business of spinning mills. It earns revenues from cotton sales, fabric sales, waste sales, and yarn sales. The company generates a majority of its revenues from yarn sales.
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