Diensten Tech (NSE:DTL) Interest Coverage : 0 (At Loss) (As of Sep. 2024)

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What is Diensten Tech 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. Diensten Tech's Operating Income for the six months ended in Sep. 2024 was ₹-6.3 Mil. Diensten Tech's Interest Expense for the six months ended in Sep. 2024 was ₹-14.8 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

NSE:DTL's Interest Coverage is not ranked ^*
in the Software industry.
Industry Median: 28.01
* Ranked among companies with meaningful Interest Coverage only.

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

Diensten Tech Interest Coverage Historical Data

The historical data trend for Diensten Tech'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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Diensten Tech Interest Coverage Chart

Diensten Tech Annual Data

Trend

Mar21

Mar22

Mar23

Interest Coverage

5.20

1.14

1.83

Diensten Tech Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Interest Coverage	No Debt	No Debt	No Debt	-	-

Competitive Comparison of Diensten Tech's Interest Coverage

For the Information Technology Services subindustry, Diensten Tech'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.

Diensten Tech's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Diensten Tech's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Diensten Tech's Interest Coverage falls into.

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Diensten Tech 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.

Diensten Tech'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, Diensten Tech's Interest Expense was ₹-1.8 Mil. Its Operating Income was ₹3.3 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	3.262	/	-1.785
	=	1.83

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

Here, for the six months ended in Sep. 2024, Diensten Tech's Interest Expense was ₹-14.8 Mil. Its Operating Income was ₹-6.3 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹232.8 Mil.

Diensten Tech did not have earnings to cover the interest expense.

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

Diensten Tech (NSE:DTL) 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 .

Diensten Tech Interest Coverage Related Terms

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Diensten Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Diensten Tech Ltd (NSE:DTL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

F3, Sector-3, Noida, UP, IND, 201302

Website

https://www.dienstentech.com

Diensten Tech Ltd the business of Information Technology ('IT') professional resourcing, IT Consultancy, IT Training and Software AMC. It connect clients to individuals with a specific IT skill set, manage capacity across a team, or deliver in-house technology experts to take client project to full delivery. Diensten is providing technical consultancy, training, software services and other services to large corporates of the country, multinational companies, small and medium enterprises of diversified sectors.

Diensten Tech Headlines

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