Destiny Logistics & Infra (NSE:DESTINY) Interest Coverage : 12.64 (As of Mar. 2023)

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What is Destiny Logistics & Infra 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. Destiny Logistics & Infra's Operating Income for the six months ended in Mar. 2023 was ₹31.8 Mil. Destiny Logistics & Infra's Interest Expense for the six months ended in Mar. 2023 was ₹-2.5 Mil. Destiny Logistics & Infra's interest coverage for the quarter that ended in Mar. 2023 was 12.64. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Destiny Logistics & Infra's Interest Coverage or its related term are showing as below:

NSE:DESTINY' s Interest Coverage Range Over the Past 10 Years
Min: 1.69 Med: 4.1 Max: 17.47
Current: 12.64

NSE:DESTINY's Interest Coverage is ranked better than
70.62% of 827 companies
in the Transportation industry
Industry Median: 5.66 vs NSE:DESTINY: 12.64

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

Destiny Logistics & Infra Interest Coverage Historical Data

The historical data trend for Destiny Logistics & Infra'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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Destiny Logistics & Infra Interest Coverage Chart

Destiny Logistics & Infra Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

1.74

1.69

4.10

17.47

12.64

Destiny Logistics & Infra Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Mar23
Interest Coverage	1.74	1.69	4.10	17.47	12.64

Competitive Comparison of Destiny Logistics & Infra's Interest Coverage

For the Trucking subindustry, Destiny Logistics & Infra'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.

Destiny Logistics & Infra's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Destiny Logistics & Infra's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Destiny Logistics & Infra's Interest Coverage falls into.

Destiny Logistics & Infra 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.

Destiny Logistics & Infra'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, Destiny Logistics & Infra's Interest Expense was ₹-2.5 Mil. Its Operating Income was ₹31.8 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹8.2 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	31.796	/	-2.515
	=	12.64

Destiny Logistics & Infra's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Here, for the six months ended in Mar. 2023, Destiny Logistics & Infra's Interest Expense was ₹-2.5 Mil. Its Operating Income was ₹31.8 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹8.2 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	31.796	/	-2.515
	=	12.64

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

Destiny Logistics & Infra (NSE:DESTINY) 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 .

Destiny Logistics & Infra Interest Coverage Related Terms

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

Destiny Logistics & Infra Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Destiny Logistics & Infra Ltd (NSE:DESTINY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

ECO Centre, Block - EM-4 Sector- V, Unit No. 708, 7th Floor, Salt Lake, Kolkata, WB, IND, 700091

Website

https://www.destinyinfra.in

Destiny Logistics & Infra Ltd provide logistics, manpower and infrastructural services. It offers land-based transportation through third-party service providers. It provides a wide range of services such as packaging, loading, transportation, unloading, and unpacking of items to offer end-to-end solutions. The company's operations are concentrated in the domestic market, particularly, in the state of West Bengal. The company operates in Transport and Construction services, out of which the majority is from the Construction services.

Destiny Logistics & Infra Headlines

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