Baheti Recycling Industries (NSE:BAHETI) Interest Coverage : 2.27 (As of Mar. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Baheti Recycling Industries 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. Baheti Recycling Industries's Operating Income for the six months ended in Mar. 2023 was ₹121 Mil. Baheti Recycling Industries's Interest Expense for the six months ended in Mar. 2023 was ₹-53 Mil. Baheti Recycling Industries's interest coverage for the quarter that ended in Mar. 2023 was 2.27. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Baheti Recycling Industries's Interest Coverage or its related term are showing as below:

NSE:BAHETI' s Interest Coverage Range Over the Past 10 Years
Min: 1.09 Med: 1.6 Max: 2.27
Current: 2.27

NSE:BAHETI's Interest Coverage is ranked worse than
93.14% of 1341 companies
in the Metals & Mining industry
Industry Median: No Debt vs NSE:BAHETI: 2.27

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

Baheti Recycling Industries Interest Coverage Historical Data

The historical data trend for Baheti Recycling Industries'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.

Baheti Recycling Industries Interest Coverage Chart

Baheti Recycling Industries Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Interest Coverage

1.09

1.20

1.99

2.27

Baheti Recycling Industries Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Interest Coverage	1.09	1.20	1.99	2.27

Competitive Comparison of Baheti Recycling Industries's Interest Coverage

For the Aluminum subindustry, Baheti Recycling 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.

Baheti Recycling Industries's Interest Coverage Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Baheti Recycling Industries's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Baheti Recycling Industries's Interest Coverage falls into.

Baheti Recycling Industries 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.

Baheti Recycling Industries's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Baheti Recycling Industries's Interest Expense was ₹-53 Mil. Its Operating Income was ₹121 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹111 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	121.148	/	-53.459
	=	2.27

Baheti Recycling Industries's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Here, for the six months ended in Mar. 2023, Baheti Recycling Industries's Interest Expense was ₹-53 Mil. Its Operating Income was ₹121 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹111 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	121.148	/	-53.459
	=	2.27

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

Baheti Recycling Industries (NSE:BAHETI) 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 .

Baheti Recycling Industries Interest Coverage Related Terms

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

Baheti Recycling Industries (NSE:BAHETI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Baheti Recycling Industries Ltd (NSE:BAHETI) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

A-2/3, L.R. Apartments, Opposite Police Commissioner Office, Shahibaug, Ahmedabad, GJ, IND, 380 004

Website

https://www.bahetiindustries.com

Baheti Recycling Industries Ltd is an aluminium recycling company, primarily engaged in processing aluminium based metal scrap to manufacture aluminium alloys in the form of ingots and aluminium de-ox alloys in the form of cubes, ingots, shots and notch bar. The company is also engaged in trading of scrap materials such as aluminium scrap, brass scrap, copper scrap, zinc scrap etc. Its products are being used in various industries, which include automobiles, construction, electrical transmission application, food packaging etc.

Baheti Recycling Industries (NSE:BAHETI) Headlines

No Headlines