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Kshitij Polyline (NSE:KSHITIJPOL) Interest Coverage : 109.23 (As of Mar. 2024)


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What is Kshitij Polyline 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. Kshitij Polyline's Operating Income for the three months ended in Mar. 2024 was ₹21.2 Mil. Kshitij Polyline's Interest Expense for the three months ended in Mar. 2024 was ₹-0.2 Mil. Kshitij Polyline's interest coverage for the quarter that ended in Mar. 2024 was 109.23. The higher the ratio, the stronger the company's financial strength is.

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


NSE:KSHITIJPOL's Interest Coverage is not ranked *
in the Industrial Products industry.
Industry Median: 15.67
* Ranked among companies with meaningful Interest Coverage only.

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


Kshitij Polyline Interest Coverage Historical Data

The historical data trend for Kshitij Polyline'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.

Kshitij Polyline Interest Coverage Chart

Kshitij Polyline Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.53 1.17 1.36 1.30 -

Kshitij Polyline Quarterly Data
Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.72 - - - 109.23

Competitive Comparison of Kshitij Polyline's Interest Coverage

For the Business Equipment & Supplies subindustry, Kshitij Polyline'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.


Kshitij Polyline's Interest Coverage Distribution in the Industrial Products Industry

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

* The bar in red indicates where Kshitij Polyline's Interest Coverage falls into.


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Kshitij Polyline 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.

Kshitij Polyline'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, Kshitij Polyline's Interest Expense was ₹-21.8 Mil. Its Operating Income was ₹-22.6 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹164.2 Mil.

Kshitij Polyline did not have earnings to cover the interest expense.

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

Here, for the three months ended in Mar. 2024, Kshitij Polyline's Interest Expense was ₹-0.2 Mil. Its Operating Income was ₹21.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹164.2 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*21.19/-0.194
=109.23

* 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.

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


Kshitij Polyline  (NSE:KSHITIJPOL) 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 .


Kshitij Polyline Interest Coverage Related Terms

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


Kshitij Polyline Business Description

Traded in Other Exchanges
N/A
Address
Parsi Panchayat Road, 8, Sona Udyog, Andheri (East), Mumbai, MH, IND, 400069
Kshitij Polyline Ltd is engaged in manufacturing, marketing, sourcing plastic sheets, lamination sheet, folders, I cards, and files having wide applications in printing and stationery. The company offers office stationery, calendar, dairy, and student study materials of a different variety of colors, designs, and applications. It offers products including plastic card holders, neck lanyards, personalized products, badge clips, invitation, and desk material, wire and spiral material suitable for making calendars, diaries, and presentation material.

Kshitij Polyline Headlines

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