Fine Organic Industries (NSE:FINEORG) Interest Coverage : 326.22 (As of Sep. 2024)

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What is Fine Organic Industries 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. Fine Organic Industries's Operating Income for the three months ended in Sep. 2024 was ₹1,382 Mil. Fine Organic Industries's Interest Expense for the three months ended in Sep. 2024 was ₹-4 Mil. Fine Organic Industries's interest coverage for the quarter that ended in Sep. 2024 was 326.22. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Fine Organic Industries Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Fine Organic Industries's Interest Coverage or its related term are showing as below:

NSE:FINEORG' s Interest Coverage Range Over the Past 10 Years
Min: 12.47 Med: 60.23 Max: 949.31
Current: 949.31

NSE:FINEORG's Interest Coverage is ranked better than
94.69% of 1187 companies
in the Chemicals industry
Industry Median: 9.98 vs NSE:FINEORG: 949.31

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

Fine Organic Industries Interest Coverage Historical Data

The historical data trend for Fine Organic Industries'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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Fine Organic Industries Interest Coverage Chart

Fine Organic Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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54.17

29.30

88.22

321.83

550.33

Fine Organic Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Coverage	Get a 7-Day Free Trial															162.24	202.36	-	204.37	326.22

Competitive Comparison of Fine Organic Industries's Interest Coverage

For the Specialty Chemicals subindustry, Fine Organic Industries'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.

Fine Organic Industries's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Fine Organic Industries's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Fine Organic Industries's Interest Coverage falls into.

Fine Organic Industries 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.

Fine Organic Industries's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Fine Organic Industries's Interest Expense was ₹-9 Mil. Its Operating Income was ₹4,785 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹25 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	4785.15	/	-8.695
	=	550.33

Fine Organic Industries's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Fine Organic Industries's Interest Expense was ₹-4 Mil. Its Operating Income was ₹1,382 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹17 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	1382.177	/	-4.237
	=	326.22

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

Fine Organic Industries (NSE:FINEORG) 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 .

Fine Organic Industries Interest Coverage Related Terms

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

Fine Organic Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Fine Organic Industries Ltd (NSE:FINEORG) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

541557:India

Address

Anandji Street, Off M. G. Road, Fine House, Ghatkopar (East), Mumbai, MH, IND, 400077

Website

https://www.fineorganics.com

Fine Organic Industries Ltd is an Indian company engaged in the business of manufacturing oleochemical-based additives. The company produces specialty additives for foods, plastics, rubbers, paints, inks, cosmetics, coatings, textile auxiliaries, and several other specialty applications. Some of the chemicals in its product portfolio are Finalux G 101, Finasoft 100, Finamul 2402, and FinaGreen 1014 among others. Geographically, the company generates a majority of its revenue from outside India by exporting its products to various countries.

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