Vaidyane Ayurved Laboratories (NSE:MADHAVBAUG) Interest Coverage : 12.29 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Vaidyane Ayurved Laboratories 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. Vaidyane Ayurved Laboratories's Operating Income for the six months ended in Mar. 2024 was ₹10.8 Mil. Vaidyane Ayurved Laboratories's Interest Expense for the six months ended in Mar. 2024 was ₹-0.9 Mil. Vaidyane Ayurved Laboratories's interest coverage for the quarter that ended in Mar. 2024 was 12.29. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Vaidyane Ayurved Laboratories's Interest Coverage or its related term are showing as below:

NSE:MADHAVBAUG' s Interest Coverage Range Over the Past 10 Years
Min: 0.73 Med: 7.77 Max: 31.65
Current: 8.76

NSE:MADHAVBAUG's Interest Coverage is ranked worse than
57.73% of 653 companies
in the Drug Manufacturers industry
Industry Median: 11.83 vs NSE:MADHAVBAUG: 8.76

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

Vaidyane Ayurved Laboratories Interest Coverage Historical Data

The historical data trend for Vaidyane Ayurved Laboratories'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.

Vaidyane Ayurved Laboratories Interest Coverage Chart

Vaidyane Ayurved Laboratories Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

Get a 7-Day Free Trial

0.73

6.77

25.04

31.65

8.76

Vaidyane Ayurved Laboratories Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Coverage	Get a 7-Day Free Trial				38.23	26.69	39.18	6.83	12.29

Competitive Comparison of Vaidyane Ayurved Laboratories's Interest Coverage

For the Drug Manufacturers - Specialty & Generic subindustry, Vaidyane Ayurved Laboratories'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.

Vaidyane Ayurved Laboratories's Interest Coverage Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Vaidyane Ayurved Laboratories's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Vaidyane Ayurved Laboratories's Interest Coverage falls into.

Save Embed

;

Save Embed

;

Vaidyane Ayurved Laboratories 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.

Vaidyane Ayurved Laboratories'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, Vaidyane Ayurved Laboratories's Interest Expense was ₹-2.5 Mil. Its Operating Income was ₹21.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	21.746	/	-2.482
	=	8.76

Vaidyane Ayurved Laboratories's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, Vaidyane Ayurved Laboratories's Interest Expense was ₹-0.9 Mil. Its Operating Income was ₹10.8 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	10.779	/	-0.877
	=	12.29

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

Vaidyane Ayurved Laboratories (NSE:MADHAVBAUG) 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 .

Vaidyane Ayurved Laboratories Interest Coverage Related Terms

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

Vaidyane Ayurved Laboratories Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Vaidya Sane Ayurved Laboratories Ltd (NSE:MADHAVBAUG) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

201B, Bhoomi Velocity, Above ICICI Bank, Road No. 23, Wagle Estate, Thane (West), Thane, MH, IND, 400604

Website

https://www.madhavbaug.org

Vaidya Sane Ayurved Laboratories Ltd is a medical service institution engaged in the treatment of chronic ailments like cardiac disease, diabetes, hypertension, and obesity by combining modern technology with traditional Ayurveda practices. It uses non-invasive, multidisciplinary, and therapies for treating chronic ailments. The company mainly offers treatment for health disease reversal, diabetes reversal, BP management, obesity management and knee pain relief. The company's business is divided into three segments i.e. Hospital Activity, Sale of Product and Common. It derives maximum revenue from Sale of Products.

Vaidyane Ayurved Laboratories Headlines

No Headlines