Ganesh Green Bharat (NSE:GGBL) Interest Coverage : 11.77 (As of Mar. 2025)

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What is Ganesh Green Bharat 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. Ganesh Green Bharat's Operating Income for the six months ended in Mar. 2025 was ₹228 Mil. Ganesh Green Bharat's Interest Expense for the six months ended in Mar. 2025 was ₹-19 Mil. Ganesh Green Bharat's interest coverage for the quarter that ended in Mar. 2025 was 11.77. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Ganesh Green Bharat's Interest Coverage or its related term are showing as below:

NSE:GGBL' s Interest Coverage Range Over the Past 10 Years
Min: 3.63 Med: 5.83 Max: 9.7
Current: 9.7

NSE:GGBL's Interest Coverage is ranked worse than
63.79% of 602 companies
in the Semiconductors industry
Industry Median: 20 vs NSE:GGBL: 9.70

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

Ganesh Green Bharat Interest Coverage Historical Data

The historical data trend for Ganesh Green Bharat'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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Ganesh Green Bharat Interest Coverage Chart

Ganesh Green Bharat Annual Data

Trend

Mar22

Mar23

Mar24

Mar25

Interest Coverage

5.40

3.63

6.26

9.70

Ganesh Green Bharat Semi-Annual Data
	Mar22	Mar23	Sep23	Mar24	Sep24	Mar25
Interest Coverage	Get a 7-Day Free Trial			N/A	4.22	8.46	8.03	11.77

Competitive Comparison of Ganesh Green Bharat's Interest Coverage

For the Solar subindustry, Ganesh Green Bharat'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.

Ganesh Green Bharat's Interest Coverage Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Ganesh Green Bharat's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ganesh Green Bharat's Interest Coverage falls into.

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Ganesh Green Bharat 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.

Ganesh Green Bharat's Interest Coverage for the fiscal year that ended in Mar. 2025 is calculated as

Here, for the fiscal year that ended in Mar. 2025, Ganesh Green Bharat's Interest Expense was ₹-43 Mil. Its Operating Income was ₹421 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹138 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2025 )	/	Interest Expense (A: Mar. 2025 )
	=	-1	*	420.657	/	-43.346
	=	9.70

Ganesh Green Bharat's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the six months ended in Mar. 2025, Ganesh Green Bharat's Interest Expense was ₹-19 Mil. Its Operating Income was ₹228 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹138 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	228.025	/	-19.367
	=	11.77

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

Ganesh Green Bharat (NSE:GGBL) 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 .

Ganesh Green Bharat Interest Coverage Related Terms

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Ganesh Green Bharat Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ganesh Green Bharat Ltd (NSE:GGBL) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

S.G. Highway, G-201 & F-202, S.G. Business Hub, Near Gota Flyover, Gota, Ahmedabad, GJ, IND, 382470

Website

https://www.ganeshgreen.com

Ganesh Green Bharat Ltd are providing comprehensive portfolios in the field of supply, installation, testing and commissioning (SITC) of solar and electrical goods and services to various government bodies. It has projects under various schemes of Central and State Government like - Saubhagya Scheme, KUSUM Scheme, Saur Sujla Yojna. The company also forayed into the business of designing, construction, installation and operation and maintenance of Water Supply Scheme Projects like the Mukhya Mantri Nishchay Quality Affected Yojna, Har Ghar Jal (Jal Jeevan Mission) etc.