Krishival Foods (NSE:KRISHIVAL) Interest Coverage : 10.27 (As of Sep. 2023)

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What is Krishival Foods 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. Krishival Foods's Operating Income for the six months ended in Sep. 2023 was ₹53.7 Mil. Krishival Foods's Interest Expense for the six months ended in Sep. 2023 was ₹-5.2 Mil. Krishival Foods's interest coverage for the quarter that ended in Sep. 2023 was 10.27. The higher the ratio, the stronger the company's financial strength is.

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

NSE:KRISHIVAL' s Interest Coverage Range Over the Past 10 Years
Min: 1.64 Med: 1.82 Max: 11.64
Current: 11.64

NSE:KRISHIVAL's Interest Coverage is ranked better than
56.21% of 1377 companies
in the Consumer Packaged Goods industry
Industry Median: 8.72 vs NSE:KRISHIVAL: 11.64

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

Krishival Foods Interest Coverage Historical Data

The historical data trend for Krishival Foods'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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Krishival Foods Interest Coverage Chart

Krishival Foods Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

1.64

1.82

1.78

3.57

9.70

Krishival Foods Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial			2.22	5.67	6.64	13.31	10.27

Competitive Comparison of Krishival Foods's Interest Coverage

For the Packaged Foods subindustry, Krishival Foods'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.

Krishival Foods's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Krishival Foods's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Krishival Foods's Interest Coverage falls into.

Krishival Foods 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.

Krishival Foods'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, Krishival Foods's Interest Expense was ₹-9.3 Mil. Its Operating Income was ₹90.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹63.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	90.498	/	-9.325
	=	9.70

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

Here, for the six months ended in Sep. 2023, Krishival Foods's Interest Expense was ₹-5.2 Mil. Its Operating Income was ₹53.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹64.4 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	53.696	/	-5.228
	=	10.27

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

Krishival Foods (NSE:KRISHIVAL) 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 .

Krishival Foods Interest Coverage Related Terms

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

Krishival Foods (NSE:KRISHIVAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Krishival Foods Ltd (NSE:KRISHIVAL) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Saki Vihar Road, 1309, Lodha Supremus Powai, Opposite MTNL Office, Mumbai, MH, IND, 400072

Website

https://www.krishival.com

Krishival Foods Ltd is engaged in processing raw cashew nuts into finished cashew kernels in different flavors. It primarily caters to the domestic market with a network of more than thirty distributors across India. In addition to processing raw cashews, we are also engaged in the business of organic manure which is prepared by using by-products like husk and other biodegradable material left after the processing of the raw cashews.

Krishival Foods (NSE:KRISHIVAL) Headlines

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