Dev Accelerator (NSE:DEVX) Interest Coverage: 1.74 (As of Mar. 2026) — 172% Above Median


NSE:DEVX Dev Accelerator Ltd NSE:DEVX
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What is Dev Accelerator Interest Coverage?

Dev Accelerator NSE:DEVX -1.11% 10 Interest Coverage is 1.74 as of Mar. 2026, which is 172% above its 10-year median of 0.64. GuruFocus rates NSE:DEVX with a GF Score™ of 10/100. The stock has 4 warning signs investors should review. Among 1,295 Real Estate companies, Dev Accelerator ranks worse than 83.86% on this metric.

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. Dev Accelerator's Operating Income for the three months ended in Mar. 2026 was ₹179 Mil. Dev Accelerator's Interest Expense for the three months ended in Mar. 2026 was ₹-103 Mil. Dev Accelerator's interest coverage for the quarter that ended in Mar. 2026 was 1.74. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Dev Accelerator Ltd interest coverage is 1.2, which is low.

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

NSE:DEVX' s Interest Coverage Range Over the Past 10 Years
Min: 0.63   Med: 0.64   Max: 1.2
Current: 1.2


NSE:DEVX's Interest Coverage is ranked worse than
83.86% of 1295 companies
in the Real Estate industry
Industry Median: 4.24 vs NSE:DEVX: 1.20

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


Dev Accelerator  (NSE:DEVX) 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 .


Dev Accelerator Interest Coverage Related Terms


Dev Accelerator Interest Coverage Historical Data

* Premium members only.

The historical data trend for Dev Accelerator'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.

Dev Accelerator Interest Coverage Chart

Dev Accelerator Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
0.00 0.00 0.64 0.63 1.13

Dev Accelerator Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only 0.89 0.98 0.92 0.97 1.74

NSE:DEVX vs CBRE, BEKE: Interest Coverage Comparison

For the Real Estate Services subindustry, Dev Accelerator'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.


Dev Accelerator Interest Coverage vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Dev Accelerator's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Dev Accelerator's Interest Coverage falls into.


NSE:DEVX
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Dev Accelerator Ltd NSE:DEVX
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Dev Accelerator 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.

Dev Accelerator's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Dev Accelerator's Interest Expense was ₹-444 Mil. Its Operating Income was ₹504 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹2,603 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*504.126/-444.354
=1.13

Dev Accelerator's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Dev Accelerator's Interest Expense was ₹-103 Mil. Its Operating Income was ₹179 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹2,603 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*178.898/-102.837
=1.74

* 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 1.74 mean?
Dev Accelerator (NSE:DEVX) has a Interest Coverage of 1.74 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Dev Accelerator and its competitors. This is 172% above median its historical median of 0.64. Over the past decade, Dev Accelerator's Interest Coverage has ranged from 0.63 to 1.20. According to the industry distribution chart, Dev Accelerator ranks #1086 out of 1295 companies in the Real Estate industry, placing it in the top 83.9%.
Is Dev Accelerator's Interest Coverage too high?
Dev Accelerator's current Interest Coverage of 1.74 is 172% above median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 1.20. The Real Estate industry median Interest Coverage is 4.24. Dev Accelerator's value of 1.74 is 59% below this industry median. Based on the distribution chart, Dev Accelerator ranks #1086 out of 1295 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Dev Accelerator has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Dev Accelerator's Interest Coverage compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Dev Accelerator ranks #1086 out of 1295 companies for Interest Coverage. This places Dev Accelerator in the lower half of its industry. The industry median Interest Coverage is 4.24. Dev Accelerator's value of 1.74 is 59% below this benchmark. Historically, Dev Accelerator's own Interest Coverage has ranged from 0.63 to 1.20 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 4.24, Dev Accelerator has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Real Estate company?
The median Interest Coverage among Real Estate companies is 4.24, based on 1,295 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dev Accelerator's current Interest Coverage of 1.74 is 59% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Dev Accelerator and its competitors. For the Real Estate industry, the median Interest Coverage is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dev Accelerator's current Interest Coverage is 1.74, which is 172% above median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dev Accelerator stock overvalued right now?
Dev Accelerator (NSE:DEVX) has a current Interest Coverage of 1.74. The current Interest Coverage is 1.74, which is 172% above median its 10-year median of 0.64 and 59% below the Real Estate industry median of 4.24. Dev Accelerator's overall GF Score™ is 10/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Dev Accelerator (NSE:DEVX), the current Interest Coverage is 1.74 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Dev Accelerator Business Description

Other Exchanges 544513:India
Address Near Shivalik High-Street, A - 1101, B - 1101, The First, Behind Keshavbaug Party Plot, Vastrapur, Ahmedabad, GJ, IND, 380015
Dev Accelerator Ltd is one of the flex space operators. Its comprehensive office space solutions include sourcing office spaces, customizing designs, developing spaces and providing technology solutions to providing complete asset management. Its clientele comprises of large corporates, MNCs and SMEs, to whom the company offers a variety of flexible office space solutions such as managed office spaces and coworking spaces as well as design and execution services through its Subsidiary. The flexible workspace solutions provided by the company at its Centers are divided in the following segments: Managed office spaces, Coworking spaces, Design and execution services, Payroll management services, Facility management services, and IT/ITes services.
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