INOX India (NSE:INOXINDIA) Interest Coverage : 0 (At Loss) (As of Mar. 2025)

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What is INOX India 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. INOX India's Operating Income for the three months ended in Mar. 2025 was ₹745 Mil. INOX India's Interest Expense for the three months ended in Mar. 2025 was ₹29 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. INOX India Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

NSE:INOXINDIA' s Interest Coverage Range Over the Past 10 Years
Min: 26.92 Med: 70.22 Max: 124.89
Current: 57.64

NSE:INOXINDIA's Interest Coverage is ranked better than
72.45% of 2283 companies
in the Industrial Products industry
Industry Median: 15.65 vs NSE:INOXINDIA: 57.64

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

INOX India Interest Coverage Historical Data

The historical data trend for INOX India'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.

INOX India Interest Coverage Chart

INOX India Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Mar25

Interest Coverage

26.92

118.72

124.89

70.22

57.64

INOX India Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Coverage	Get a 7-Day Free Trial							-	31.66	20.50	25.09	-

Competitive Comparison of INOX India's Interest Coverage

For the Specialty Industrial Machinery subindustry, INOX India'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.

INOX India's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, INOX India's Interest Coverage distribution charts can be found below:

* The bar in red indicates where INOX India's Interest Coverage falls into.

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INOX India 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.

INOX India'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, INOX India's Interest Expense was ₹-45 Mil. Its Operating Income was ₹2,599 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹68 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2025 )	/	Interest Expense (A: Mar. 2025 )
	=	-1	*	2599.255	/	-45.091
	=	57.64

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

Here, for the three months ended in Mar. 2025, INOX India's Interest Expense was ₹29 Mil. Its Operating Income was ₹745 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹68 Mil.

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

INOX India (NSE:INOXINDIA) 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 .

INOX India Interest Coverage Related Terms

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

INOX India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » INOX India Ltd (NSE:INOXINDIA) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

544046:India

Address

Race Course, 9th Floor, K P Platina, Vadodara, GJ, IND, 390007

Website

https://www.inoxcva.com

INOX India Ltd is a manufacturer of cryogenic equipment and cryogenic tank manufacturers. The company's products include standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment, and solutions as well as large turnkey projects which are used in diverse industries such as industrial gases, liquified natural gas (LNG), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals and construction. The company generates revenue from India, Korea, France, Japan, Saudi Arabia, and other regions.

INOX India Headlines

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