Greenchef Appliances (NSE:GREENCHEF) Interest Coverage : 2.08 (As of Mar. 2024)

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What is Greenchef Appliances 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. Greenchef Appliances's Operating Income for the six months ended in Mar. 2024 was ₹109 Mil. Greenchef Appliances's Interest Expense for the six months ended in Mar. 2024 was ₹-52 Mil. Greenchef Appliances's interest coverage for the quarter that ended in Mar. 2024 was 2.08. The higher the ratio, the stronger the company's financial strength is.

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

NSE:GREENCHEF' s Interest Coverage Range Over the Past 10 Years
Min: 1.18 Med: 2.08 Max: 3.58
Current: 2.08

NSE:GREENCHEF's Interest Coverage is ranked worse than
81.99% of 322 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 9.355 vs NSE:GREENCHEF: 2.08

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

Greenchef Appliances Interest Coverage Historical Data

The historical data trend for Greenchef Appliances'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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Greenchef Appliances Interest Coverage Chart

Greenchef Appliances Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

1.36

2.18

1.18

3.58

2.08

Greenchef Appliances Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Interest Coverage	1.36	2.18	1.18	3.58	2.08

Competitive Comparison of Greenchef Appliances's Interest Coverage

For the Furnishings, Fixtures & Appliances subindustry, Greenchef Appliances'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.

Greenchef Appliances's Interest Coverage Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Greenchef Appliances's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Greenchef Appliances's Interest Coverage falls into.

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Greenchef Appliances 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.

Greenchef Appliances'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, Greenchef Appliances's Interest Expense was ₹-52 Mil. Its Operating Income was ₹109 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹252 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	108.6	/	-52.1
	=	2.08

Greenchef Appliances's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, Greenchef Appliances's Interest Expense was ₹-52 Mil. Its Operating Income was ₹109 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹252 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	108.6	/	-52.1
	=	2.08

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

Greenchef Appliances (NSE:GREENCHEF) 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 .

Greenchef Appliances Interest Coverage Related Terms

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

Greenchef Appliances Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Greenchef Appliances Ltd (NSE:GREENCHEF) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Niduvanda Village, Sompura Hobli, Plot No. 246, Sompura 1st Stage, Sy No. 133 & 141, Nelemangala Taluk Devarahosahalli Nelamangala, Bengaluru, KA, IND, 562111

Website

https://www.greenchef.in

Greenchef Appliances Ltd is engaged in the business of manufacturing and marketing a wide range of kitchen appliances under the brand name Greenchef. The kitchen appliances of the company include a wide range of solutions comprising Gas Stoves, Pressure Cookers, Mixer Grinders, Wet Grinders, Electric Rice Cooker, Induction Cooktops, Non-stick Cookwares like Tawa, Fry Pans, Kadai, Biriyani Pot, Tadka Pan, Paniyarakkal, Appamchetty, etc, Kettles, Hose Pipes, Gas Cylinder Trolley and others. The products of the company are offered at different pricing points to meet diverse customer requirements.

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