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Boss Packaging Solutions (NSE:BOSS) Interest Coverage : 13.21 (As of Mar. 2024)


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What is Boss Packaging Solutions 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. Boss Packaging Solutions's Operating Income for the six months ended in Mar. 2024 was ₹15.0 Mil. Boss Packaging Solutions's Interest Expense for the six months ended in Mar. 2024 was ₹-1.1 Mil. Boss Packaging Solutions's interest coverage for the quarter that ended in Mar. 2024 was 13.21. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Boss Packaging Solutions's Interest Coverage or its related term are showing as below:

NSE:BOSS' s Interest Coverage Range Over the Past 10 Years
Min: 7.57   Med: 13.21   Max: 36.96
Current: 13.21


NSE:BOSS's Interest Coverage is ranked worse than
54.05% of 2294 companies
in the Industrial Products industry
Industry Median: 16.015 vs NSE:BOSS: 13.21

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


Boss Packaging Solutions Interest Coverage Historical Data

The historical data trend for Boss Packaging Solutions'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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Boss Packaging Solutions Interest Coverage Chart

Boss Packaging Solutions Annual Data
Trend Mar22 Mar23 Mar24
Interest Coverage
7.57 36.96 13.21

Boss Packaging Solutions Semi-Annual Data
Mar22 Mar23 Mar24
Interest Coverage 7.57 36.96 13.21

Competitive Comparison of Boss Packaging Solutions's Interest Coverage

For the Specialty Industrial Machinery subindustry, Boss Packaging Solutions'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.


Boss Packaging Solutions's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Boss Packaging Solutions's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Boss Packaging Solutions's Interest Coverage falls into.


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Boss Packaging Solutions 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.

Boss Packaging Solutions'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, Boss Packaging Solutions's Interest Expense was ₹-1.1 Mil. Its Operating Income was ₹15.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹3.1 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*15.035/-1.138
=13.21

Boss Packaging Solutions's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, Boss Packaging Solutions's Interest Expense was ₹-1.1 Mil. Its Operating Income was ₹15.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹3.1 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*15.035/-1.138
=13.21

* 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.


Boss Packaging Solutions  (NSE:BOSS) 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 .


Boss Packaging Solutions Interest Coverage Related Terms

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Boss Packaging Solutions Business Description

Traded in Other Exchanges
N/A
Address
Vin Zol Road, Opposite Ramol Mehmdabad Highway, 11-C, Survey No. 56/1/2/3, Ramdev Estate, Near Siddipura Estate, Ahmedabad, GJ, IND, 382445
Boss Packaging Solutions Ltd is a manufacturer, supplier and exporter of diversified packaging machines, self-adhesive sticker labelling machines, conveyors, turn tables, web sealers, electric tunnels, etc. its products find application in various end-use industries including edible oil, lubricants, chemicals, cosmetics, homecare, pharmaceuticals, viscous liquid, juices and dairy, agriculture and pesticides, food and ancillaries, cosmetic and toiletries, and distilleries and breweries.

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