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Godrej Properties (NSE:GODREJPROP) Interest Coverage : 1.93 (As of Mar. 2025)


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What is Godrej Properties 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. Godrej Properties's Operating Income for the three months ended in Mar. 2025 was ₹889 Mil. Godrej Properties's Interest Expense for the three months ended in Mar. 2025 was ₹-460 Mil. Godrej Properties's interest coverage for the quarter that ended in Mar. 2025 was 1.93. The higher the ratio, the stronger the company's financial strength is.

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


NSE:GODREJPROP's Interest Coverage is not ranked *
in the Real Estate industry.
Industry Median: 3.97
* 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.


Godrej Properties Interest Coverage Historical Data

The historical data trend for Godrej Properties'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.

Godrej Properties Interest Coverage Chart

Godrej Properties Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.24 3.01 - -

Godrej Properties Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.39 - 0.31 0.23 1.93

Competitive Comparison of Godrej Properties's Interest Coverage

For the Real Estate - Development subindustry, Godrej Properties'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.


Godrej Properties's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Godrej Properties's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Godrej Properties's Interest Coverage falls into.


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Godrej Properties 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.

Godrej Properties'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, Godrej Properties's Interest Expense was ₹-1,737 Mil. Its Operating Income was ₹-293 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹40,678 Mil.

Godrej Properties did not have earnings to cover the interest expense.

Godrej Properties's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Godrej Properties's Interest Expense was ₹-460 Mil. Its Operating Income was ₹889 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹40,678 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*888.9/-459.8
=1.93

* 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.


Godrej Properties  (NSE:GODREJPROP) 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 .


Godrej Properties Interest Coverage Related Terms

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Godrej Properties Business Description

Traded in Other Exchanges
Address
Eastern Express Highway, Godrej One, 5th Floor, Pirojshanagar, Vikhroli (East), Mumbai, MH, IND, 400079
Godrej Properties Ltd develops residential, commercial, and township properties in multiple cities. The company derives a majority of its revenue from the sale of properties. Other operating sources of revenue include the sale of services, compensation received from projects, and lease rents. The company's operations occur in two main business areas Residential Real Estate and Commercial Real Estate. The company takes on projects in each of these segments. Some of the company's Residential Real Estate projects include Godrej Garden City, Godrej Prakriti, and Godrej Palm Grove. The company's key Commercial Real Estate projects include Godrej BKC and Godrej Eternia. The company generates a majority of its revenue from India.

Godrej Properties Headlines

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