Bhageria Industries (NSE:BHAGERIA) Interest Coverage : 10.59 (As of Sep. 2024)

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What is Bhageria 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. Bhageria Industries's Operating Income for the three months ended in Sep. 2024 was ₹57 Mil. Bhageria Industries's Interest Expense for the three months ended in Sep. 2024 was ₹-5 Mil. Bhageria Industries's interest coverage for the quarter that ended in Sep. 2024 was 10.59. The higher the ratio, the stronger the company's financial strength is.

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

NSE:BHAGERIA' s Interest Coverage Range Over the Past 10 Years
Min: 6.74 Med: 39.44 Max: 94.99
Current: 11.89

NSE:BHAGERIA's Interest Coverage is ranked better than
53.33% of 1187 companies
in the Chemicals industry
Industry Median: 9.98 vs NSE:BHAGERIA: 11.89

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

Bhageria Industries Interest Coverage Historical Data

The historical data trend for Bhageria 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.

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Bhageria Industries Interest Coverage Chart

Bhageria Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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58.29

94.99

47.67

6.74

7.28

Bhageria Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Coverage	Get a 7-Day Free Trial															1.63	20.06	21.77	5.47	10.59

Competitive Comparison of Bhageria Industries's Interest Coverage

For the Specialty Chemicals subindustry, Bhageria 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.

Bhageria Industries's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Bhageria Industries's Interest Coverage distribution charts can be found below:

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

Bhageria 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.

Bhageria Industries'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, Bhageria Industries's Interest Expense was ₹-16 Mil. Its Operating Income was ₹120 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹27 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	119.902	/	-16.477
	=	7.28

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

Here, for the three months ended in Sep. 2024, Bhageria Industries's Interest Expense was ₹-5 Mil. Its Operating Income was ₹57 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹28 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	56.703	/	-5.353
	=	10.59

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

Bhageria Industries (NSE:BHAGERIA) 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 .

Bhageria Industries Interest Coverage Related Terms

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

Bhageria Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Bhageria Industries Ltd (NSE:BHAGERIA) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

530803:India

Address

Off S.V. Road, Office No. 1002, 10th Floor, Topiwala Centre, Near Goregaon Railway Station, Goregaon (West), Mumbai, MH, IND, 400062

Website

https://www.bhageriagroup.com

Bhageria Industries Ltd is engaged in the manufacturing and trading of Dyes and Dyes Intermediate, generation and distribution of solar power, and also functions as an Engineering, Procurement and Construction (EPC) contractor. The company's primary business segments include Chemical, Solar Power, and Others. A majority of its revenue is generated from the Chemicals segment which is engaged in the business of dyes, dyes intermediates, and basic chemicals. Geographically, the company derives its key revenue within India and also exports its products to other countries like Korea, Japan, Taiwan, China, Germany, Indonesia, Thailand, and others.

Bhageria Industries Headlines

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