Homesfy Realty (NSE:HOMESFY) Interest Coverage : 29.85 (As of Mar. 2024)

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What is Homesfy Realty 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. Homesfy Realty's Operating Income for the six months ended in Mar. 2024 was ₹26.1 Mil. Homesfy Realty's Interest Expense for the six months ended in Mar. 2024 was ₹-0.9 Mil. Homesfy Realty's interest coverage for the quarter that ended in Mar. 2024 was 29.85. The higher the ratio, the stronger the company's financial strength is.

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

NSE:HOMESFY' s Interest Coverage Range Over the Past 10 Years
Min: 8.06 Med: 63.57 Max: 450.73
Current: 29.85

NSE:HOMESFY's Interest Coverage is ranked better than
78.56% of 1334 companies
in the Real Estate industry
Industry Median: 3.97 vs NSE:HOMESFY: 29.85

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

Homesfy Realty Interest Coverage Historical Data

The historical data trend for Homesfy Realty'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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Homesfy Realty Interest Coverage Chart

Homesfy Realty Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

63.57

227.38

450.73

8.06

29.85

Homesfy Realty Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Interest Coverage	63.57	227.38	450.73	8.06	29.85

Competitive Comparison of Homesfy Realty's Interest Coverage

For the Real Estate Services subindustry, Homesfy Realty'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.

Homesfy Realty's Interest Coverage Distribution in the Real Estate Industry

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

* The bar in red indicates where Homesfy Realty's Interest Coverage falls into.

Homesfy Realty 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.

Homesfy Realty'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, Homesfy Realty's Interest Expense was ₹-0.9 Mil. Its Operating Income was ₹26.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1.4 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	26.088	/	-0.874
	=	29.85

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

Here, for the six months ended in Mar. 2024, Homesfy Realty's Interest Expense was ₹-0.9 Mil. Its Operating Income was ₹26.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1.4 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	26.088	/	-0.874
	=	29.85

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

Homesfy Realty (NSE:HOMESFY) 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 .

Homesfy Realty Interest Coverage Related Terms

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

Homesfy Realty (NSE:HOMESFY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Homesfy Realty Ltd (NSE:HOMESFY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1602, 16th Floor, Dev Corpora, Near Cadbury Junction, Thane, MH, IND, 400601

Website

https://www.homesfy.in

Homesfy Realty Ltd is engaged in providing real estate broking services to Real Estate Developers, retail buyers/sellers, and investors for residential and commercial space. It deals in newly constructed properties, whereby it assists Real Estate Developers in selling and potential customers in purchasing the properties. The company operates its business through direct selling from its in-house sales team and Direct Selling Agent listed on mymagnet platform for referral services.

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