GPT Healthcare (NSE:GPTHEALTH) Interest Coverage : N/A (As of Sep. 2023)

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What is GPT Healthcare 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. GPT Healthcare's Operating Income for the three months ended in Sep. 2023 was ₹0 Mil. GPT Healthcare's Interest Expense for the three months ended in Sep. 2023 was ₹0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

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

NSE:GPTHEALTH's Interest Coverage is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 9.145
* 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.

GPT Healthcare Interest Coverage Historical Data

The historical data trend for GPT Healthcare'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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GPT Healthcare Interest Coverage Chart

GPT Healthcare Annual Data

Trend

Mar21

Mar22

Mar23

Interest Coverage

2.96

5.94

7.04

GPT Healthcare Quarterly Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	N/A	N/A	No Debt	N/A	N/A

Competitive Comparison of GPT Healthcare's Interest Coverage

For the Medical Care Facilities subindustry, GPT Healthcare'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.

GPT Healthcare's Interest Coverage Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, GPT Healthcare's Interest Coverage distribution charts can be found below:

* The bar in red indicates where GPT Healthcare's Interest Coverage falls into.

GPT Healthcare 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.

GPT Healthcare'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, GPT Healthcare's Interest Expense was ₹-84 Mil. Its Operating Income was ₹594 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹568 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	594.39	/	-84.43
	=	7.04

GPT Healthcare's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, GPT Healthcare's Interest Expense was ₹0 Mil. Its Operating Income was ₹0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹467 Mil.

GuruFocus does not calculate GPT Healthcare's interest coverage with the available data.

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

GPT Healthcare (NSE:GPTHEALTH) 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 .

GPT Healthcare Interest Coverage Related Terms

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GPT Healthcare (NSE:GPTHEALTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » GPT Healthcare Ltd (NSE:GPTHEALTH) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

544131:India

Address

GPT Centre, JC-25, Sector III, Salt Lake, Kolkata, WB, IND, 700106

Website

https://ilshospitals.com

GPT Healthcare Ltd is engaged in healthcare sector. It operates a chain of mid-sized full service hospitals under the ILS brand and provide integrated healthcare services, with a focus on secondary and tertiary care and operates four multispecialty hospitals in Dum Dum, Salt Lake and Howrah in West Bengal and Agartala in Tripura with a total capacity of 561 beds. It offers a comprehensive range of healthcare services across over 35 specialties and super specialties, including internal medicine and diabetology, nephrology (including renal transplants), laparoscopic and general surgery, gynaecology and obstetrics, critical care, gastroenterology, orthopaedics and joint replacements, interventional cardiology, neurology, neurosurgery, paediatrics, and neonatology.

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