Hvax Technologies (NSE:HVAX) Interest Coverage : 10.20 (As of Mar. 2024)

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What is Hvax Technologies 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. Hvax Technologies's Operating Income for the six months ended in Mar. 2024 was ₹128 Mil. Hvax Technologies's Interest Expense for the six months ended in Mar. 2024 was ₹-13 Mil. Hvax Technologies's interest coverage for the quarter that ended in Mar. 2024 was 10.20. The higher the ratio, the stronger the company's financial strength is.

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

NSE:HVAX' s Interest Coverage Range Over the Past 10 Years
Min: 9.72 Med: 12.17 Max: 15.31
Current: 10.2

NSE:HVAX's Interest Coverage is ranked better than
61.59% of 138 companies
in the Industrial Distribution industry
Industry Median: 6.56 vs NSE:HVAX: 10.20

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

Hvax Technologies Interest Coverage Historical Data

The historical data trend for Hvax Technologies'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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Hvax Technologies Interest Coverage Chart

Hvax Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Interest Coverage

9.72

15.31

14.14

10.20

Hvax Technologies Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Interest Coverage	9.72	15.31	14.14	10.20

Competitive Comparison of Hvax Technologies's Interest Coverage

For the Industrial Distribution subindustry, Hvax Technologies'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.

Hvax Technologies's Interest Coverage Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Hvax Technologies's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Hvax Technologies's Interest Coverage falls into.

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Hvax Technologies 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.

Hvax Technologies'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, Hvax Technologies's Interest Expense was ₹-13 Mil. Its Operating Income was ₹128 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹25 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	127.545	/	-12.502
	=	10.20

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

Here, for the six months ended in Mar. 2024, Hvax Technologies's Interest Expense was ₹-13 Mil. Its Operating Income was ₹128 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹25 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	127.545	/	-12.502
	=	10.20

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

Hvax Technologies (NSE:HVAX) 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 .

Hvax Technologies Interest Coverage Related Terms

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Hvax Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Hvax Technologies Ltd (NSE:HVAX) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

I-Think Techno Campus, 601, 6th Floor, Lodha Supremus, Kanjurmarg (East), Mumbai, MH, IND, 400042

Website

https://www.hvax.in

Hvax Technologies Ltd is engaged in the business of turnkey projects on engineering, procurement, and execution of controlled environment infrastructure and cleanrooms; design, engineering, and consultancy services for pharma and healthcare companies. As a part of turnkey projects, the company supplies the following third-party manufactured products: Cleanroom wall panels, Cleanroom ceiling panels, Covings, riser panels, cleanroom doors, flooring systems, pass boxes, air showers, LT/HT electrical panels, pre-fabricated galvanized iron (GI) ducts, air handling units, chillers, Building Management Systems (BMS) Equipment, and Utility generation and distribution equipment.

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