Dollex Agrotech (NSE:DOLLEX) Interest Coverage : 3.98 (As of Sep. 2023)

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What is Dollex Agrotech 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. Dollex Agrotech's Operating Income for the six months ended in Sep. 2023 was ₹58 Mil. Dollex Agrotech's Interest Expense for the six months ended in Sep. 2023 was ₹-15 Mil. Dollex Agrotech's interest coverage for the quarter that ended in Sep. 2023 was 3.98. The higher the ratio, the stronger the company's financial strength is.

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

NSE:DOLLEX' s Interest Coverage Range Over the Past 10 Years
Min: 1.89 Med: 2.43 Max: 5.58
Current: 5.58

NSE:DOLLEX's Interest Coverage is ranked worse than
58.19% of 1380 companies
in the Consumer Packaged Goods industry
Industry Median: 8.625 vs NSE:DOLLEX: 5.58

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

Dollex Agrotech Interest Coverage Historical Data

The historical data trend for Dollex Agrotech'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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Dollex Agrotech Interest Coverage Chart

Dollex Agrotech Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Interest Coverage

1.89

2.04

2.81

4.28

Dollex Agrotech Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial			N/A	N/A	1.08	7.53	3.98

Competitive Comparison of Dollex Agrotech's Interest Coverage

For the Confectioners subindustry, Dollex Agrotech'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.

Dollex Agrotech's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dollex Agrotech's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Dollex Agrotech's Interest Coverage falls into.

Dollex Agrotech 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.

Dollex Agrotech'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, Dollex Agrotech's Interest Expense was ₹-24 Mil. Its Operating Income was ₹103 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹328 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	103.325	/	-24.137
	=	4.28

Dollex Agrotech's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Dollex Agrotech's Interest Expense was ₹-15 Mil. Its Operating Income was ₹58 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹367 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	58.087	/	-14.613
	=	3.98

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

Dollex Agrotech (NSE:DOLLEX) 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 .

Dollex Agrotech Interest Coverage Related Terms

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

Dollex Agrotech (NSE:DOLLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dollex Agrotech Ltd (NSE:DOLLEX) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

19/1 Manorama Ganj, 205, Naroli Arcade, Near Palasia Square, Indore, MP, IND, 452001

Website

https://www.dollex.in

Dollex Agrotech Ltd is engaged in the business of manufacturing and trading sugar with captive power cogeneration capabilities. The company also produces and sells its by-products such as molasses, pressed, and bagasse. The bagasse is used to generate power. Further, it is engaged in power generation up to the captive power of 3 MW.

Dollex Agrotech (NSE:DOLLEX) Headlines

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