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Beacon Trusteeship (NSE:BEACON) Interest Coverage : 2,141.92 (As of Sep. 2024)


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What is Beacon Trusteeship 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. Beacon Trusteeship's Operating Income for the six months ended in Sep. 2024 was ₹51.4 Mil. Beacon Trusteeship's Interest Expense for the six months ended in Sep. 2024 was ₹-0.0 Mil. Beacon Trusteeship's interest coverage for the quarter that ended in Sep. 2024 was 2,141.92. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Beacon Trusteeship 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 Beacon Trusteeship's Interest Coverage or its related term are showing as below:

NSE:BEACON' s Interest Coverage Range Over the Past 10 Years
Min: 28.07   Med: 5023.7   Max: No Debt
Current: 2580.58


NSE:BEACON's Interest Coverage is ranked better than
76.64% of 458 companies
in the Capital Markets industry
Industry Median: 19.755 vs NSE:BEACON: 2580.58

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


Beacon Trusteeship Interest Coverage Historical Data

The historical data trend for Beacon Trusteeship'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.

Beacon Trusteeship Interest Coverage Chart

Beacon Trusteeship Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Interest Coverage
28.07 47.40 No Debt No Debt

Beacon Trusteeship Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24
Interest Coverage Get a 7-Day Free Trial No Debt No Debt No Debt No Debt 2,141.92

Competitive Comparison of Beacon Trusteeship's Interest Coverage

For the Capital Markets subindustry, Beacon Trusteeship'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.


Beacon Trusteeship's Interest Coverage Distribution in the Capital Markets Industry

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

* The bar in red indicates where Beacon Trusteeship's Interest Coverage falls into.


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Beacon Trusteeship 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.

Beacon Trusteeship'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, Beacon Trusteeship's Interest Expense was ₹0.0 Mil. Its Operating Income was ₹60.6 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Beacon Trusteeship had no debt (1).

Beacon Trusteeship's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Beacon Trusteeship's Interest Expense was ₹-0.0 Mil. Its Operating Income was ₹51.4 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*51.406/-0.024
=2,141.92

* 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.


Beacon Trusteeship  (NSE:BEACON) 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 .


Beacon Trusteeship Interest Coverage Related Terms

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


Beacon Trusteeship Business Description

Traded in Other Exchanges
N/A
Address
Bandra Kurla Complex, 5W, 5th Floor, The Metropolitan, E Block, Bandra (East), Mumbai, MH, IND, 400051
Beacon Trusteeship Ltd is a SEBI registered Debenture Trustee, which provides a wide range of trusteeship services across various sectors such as Debenture Trustee Services, Security Trustee Services, Trustee to Alternate Investment Fund (AIF), Trustee to ESOP, Securitization Trustee, Bond Trusteeship Services, Escrow Services, Safe keeping and other allied services. Trusteeship services include Due diligence, Custodial services, Monitoring compliance, Documentation, Disclosures, Record keeping, etc.

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