Mukka Proteins (NSE:MUKKA) Interest Coverage : N/A (As of Sep. 2023)

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What is Mukka Proteins 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. Mukka Proteins's Operating Income for the three months ended in Sep. 2023 was ₹0 Mil. Mukka Proteins's Interest Expense for the three months ended in Sep. 2023 was ₹0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

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

NSE:MUKKA' s Interest Coverage Range Over the Past 10 Years
Min: 1.9 Med: 5.2 Max: 9.45
Current: 9.45

NSE:MUKKA's Interest Coverage is ranked better than
51.78% of 1379 companies
in the Consumer Packaged Goods industry
Industry Median: 8.61 vs NSE:MUKKA: 9.45

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

Mukka Proteins Interest Coverage Historical Data

The historical data trend for Mukka Proteins'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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Mukka Proteins Interest Coverage Chart

Mukka Proteins Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

5.20

3.41

1.90

5.26

6.91

Mukka Proteins Quarterly Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Dec22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial			N/A	N/A	N/A	9.45	N/A

Competitive Comparison of Mukka Proteins's Interest Coverage

For the Packaged Foods subindustry, Mukka Proteins'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.

Mukka Proteins's Interest Coverage Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Mukka Proteins's Interest Coverage falls into.

Mukka Proteins 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.

Mukka Proteins'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, Mukka Proteins's Interest Expense was ₹-116 Mil. Its Operating Income was ₹804 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹107 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	803.57	/	-116.21
	=	6.91

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

Here, for the three months ended in Sep. 2023, Mukka Proteins's Interest Expense was ₹0 Mil. Its Operating Income was ₹0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹97 Mil.

GuruFocus does not calculate Mukka Proteins's interest coverage with the available data.

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

Mukka Proteins (NSE:MUKKA) 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 .

Mukka Proteins Interest Coverage Related Terms

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

Mukka Proteins (NSE:MUKKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mukka Proteins Ltd (NSE:MUKKA) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

544135:India

Address

NG Road, Mukka Corporate House, Door, No. 18-2-16/4, First Cross, Dakshina, Kannada, Mangaluru, KA, IND, 575001

Website

https://www.mukkaproteins.com

Mukka Proteins Ltd is an animal protein company. It manufactures and supply fish meal, fish oil and fish soluble paste which is an essential ingredient in the manufacturing of aqua feed (for fish and shrimp), poultry feed (for broiler and layer) and pet food (dog and cat food). Also fish oil also finds its application in pharmaceutical products (additionally, Omega-3 pills and related products derived from fish oil are gaining importance as high nutrient and healthy dietary supplements), soap manufacturing, leather tanneries & paint industries. Company sells its products domestically and also export them to over 10 countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan and Vietnam.

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