GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Falcon Techno projects India Ltd (NSE:FALCONTECH) » Definitions » Interest Coverage

Falcon Techno projects India (NSE:FALCONTECH) Interest Coverage : 2.53 (As of Mar. 2023)


View and export this data going back to 2024. Start your Free Trial

What is Falcon Techno projects India 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. Falcon Techno projects India's Operating Income for the six months ended in Mar. 2023 was ₹23.6 Mil. Falcon Techno projects India's Interest Expense for the six months ended in Mar. 2023 was ₹-9.3 Mil. Falcon Techno projects India's interest coverage for the quarter that ended in Mar. 2023 was 2.53. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Falcon Techno projects India's Interest Coverage or its related term are showing as below:


NSE:FALCONTECH's Interest Coverage is not ranked *
in the Construction industry.
Industry Median: 7.13
* 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.


Falcon Techno projects India Interest Coverage Historical Data

The historical data trend for Falcon Techno projects India'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.

* Premium members only.

Falcon Techno projects India Interest Coverage Chart

Falcon Techno projects India Annual Data
Trend Mar21 Mar22 Mar23
Interest Coverage
1.87 3.04 2.53

Falcon Techno projects India Semi-Annual Data
Mar21 Mar22 Mar23
Interest Coverage 1.87 3.04 2.53

Competitive Comparison of Falcon Techno projects India's Interest Coverage

For the Engineering & Construction subindustry, Falcon Techno projects India'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.


Falcon Techno projects India's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Falcon Techno projects India's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Falcon Techno projects India's Interest Coverage falls into.


;
;

Falcon Techno projects India 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.

Falcon Techno projects India'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, Falcon Techno projects India's Interest Expense was ₹-9.3 Mil. Its Operating Income was ₹23.6 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹80.2 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2023 )/Interest Expense (A: Mar. 2023 )
=-1*23.565/-9.315
=2.53

Falcon Techno projects India's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Here, for the six months ended in Mar. 2023, Falcon Techno projects India's Interest Expense was ₹-9.3 Mil. Its Operating Income was ₹23.6 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹80.2 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2023 )/Interest Expense (Q: Mar. 2023 )
=-1*23.565/-9.315
=2.53

* 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.


Falcon Techno projects India  (NSE:FALCONTECH) 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 .


Falcon Techno projects India Interest Coverage Related Terms

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


Falcon Techno projects India Business Description

Traded in Other Exchanges
N/A
Address
Swami Vivekanand Marg, 805/806, 11th Floor, The Platina, Tanvi Complex, Dahisar (East), Mumbai, MH, IND, 400068
Falcon Techno projects India Ltd is engaged in the business of providing electrical, mechanical, and plumbing-related services. The various services offered by the company include Electrical Contractor Services, HVAC System Installation Services, Electrical Consultant Services, Fire Fighting System Installation Services, CCTV Camera Installation Services, Access Control Installation Services, and Fire Alarm Installation Services.

Falcon Techno projects India Headlines

No Headlines