Milton Industries (NSE:MILTON) Interest Coverage : 5.11 (As of Mar. 2022)

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What is Milton Industries 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. Milton Industries's Operating Income for the six months ended in Mar. 2022 was ₹50.4 Mil. Milton Industries's Interest Expense for the six months ended in Mar. 2022 was ₹-9.9 Mil. Milton Industries's interest coverage for the quarter that ended in Mar. 2022 was 5.11. The higher the ratio, the stronger the company's financial strength is.

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

NSE:MILTON's Interest Coverage is not ranked ^*
in the Forest Products industry.
Industry Median: 5.91
* 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.

Milton Industries Interest Coverage Historical Data

The historical data trend for Milton Industries'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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Milton Industries Interest Coverage Chart

Milton Industries Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Interest Coverage

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1.56

3.55

4.56

3.67

5.11

Milton Industries Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22
Interest Coverage	Get a 7-Day Free Trial					1.56	3.55	4.56	3.67	5.11

Competitive Comparison of Milton Industries's Interest Coverage

For the Lumber & Wood Production subindustry, Milton Industries'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.

Milton Industries's Interest Coverage Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Milton Industries's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Milton Industries's Interest Coverage falls into.

Milton Industries 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.

Milton Industries's Interest Coverage for the fiscal year that ended in Mar. 2022 is calculated as

Here, for the fiscal year that ended in Mar. 2022, Milton Industries's Interest Expense was ₹-9.9 Mil. Its Operating Income was ₹50.4 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹39.7 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2022 )	/	Interest Expense (A: Mar. 2022 )
	=	-1	*	50.443	/	-9.862
	=	5.11

Milton Industries's Interest Coverage for the quarter that ended in Mar. 2022 is calculated as

Here, for the six months ended in Mar. 2022, Milton Industries's Interest Expense was ₹-9.9 Mil. Its Operating Income was ₹50.4 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹39.7 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2022 )	/	Interest Expense (Q: Mar. 2022 )
	=	-1	*	50.443	/	-9.862
	=	5.11

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

Milton Industries (NSE:MILTON) 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 .

Milton Industries Interest Coverage Related Terms

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

Milton Industries (NSE:MILTON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Milton Industries Ltd (NSE:MILTON) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ashram Road, 1/2, Chitra-Ami Appartment, Opposite La Gajjar Chamber, Ahmedabad, GJ, IND, 380009

Website

https://www.miltonindustries.in

Milton Industries Ltd is engaged in the manufacturing of laminated sheets and other allied products. The firm produces artificial leather cloth and glass fiber reinforced epoxy (GFRE) sheets. It also manufactures, exports high-pressure laminates, industrial laminates, laminated boards, flooring laminates, artificial leather cloth, and other products. The business operates in three segments: Laminate, Rexine, and GFRE, of which the majority of the revenue comes from the GFRE division. The company's products are applicable on walls, doors, windows, cupboards, tabletops, hotels, cash counters, and home kitchens. The majority of the revenue comes from the Indian market.

Milton Industries (NSE:MILTON) Headlines

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