Namo eWaste Management (NSE:NAMOEWASTE) Interest Coverage : 6.76 (As of Sep. 2024)

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What is Namo eWaste Management 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. Namo eWaste Management's Operating Income for the six months ended in Sep. 2024 was ₹60 Mil. Namo eWaste Management's Interest Expense for the six months ended in Sep. 2024 was ₹-9 Mil. Namo eWaste Management's interest coverage for the quarter that ended in Sep. 2024 was 6.76. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Namo eWaste Management's Interest Coverage or its related term are showing as below:

NSE:NAMOEWASTE' s Interest Coverage Range Over the Past 10 Years
Min: 7.29 Med: 11.38 Max: 15.37
Current: 7.29

NSE:NAMOEWASTE's Interest Coverage is ranked better than
59.43% of 175 companies
in the Waste Management industry
Industry Median: 5.58 vs NSE:NAMOEWASTE: 7.29

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

Namo eWaste Management Interest Coverage Historical Data

The historical data trend for Namo eWaste Management'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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Namo eWaste Management Interest Coverage Chart

Namo eWaste Management Annual Data

Trend

Mar22

Mar23

Mar24

Interest Coverage

15.37

11.38

9.06

Namo eWaste Management Semi-Annual Data
	Mar22	Mar23	Sep23	Mar24	Sep24
Interest Coverage	N/A	N/A	11.74	7.88	6.76

Competitive Comparison of Namo eWaste Management's Interest Coverage

For the Waste Management subindustry, Namo eWaste Management'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.

Namo eWaste Management's Interest Coverage Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Namo eWaste Management's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Namo eWaste Management's Interest Coverage falls into.

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Namo eWaste Management 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.

Namo eWaste Management'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, Namo eWaste Management's Interest Expense was ₹-11 Mil. Its Operating Income was ₹104 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹32 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	103.907	/	-11.465
	=	9.06

Namo eWaste Management's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Namo eWaste Management's Interest Expense was ₹-9 Mil. Its Operating Income was ₹60 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹5 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	59.575	/	-8.816
	=	6.76

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

Namo eWaste Management (NSE:NAMOEWASTE) 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 .

Namo eWaste Management Interest Coverage Related Terms

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

Namo eWaste Management Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Namo eWaste Management Ltd (NSE:NAMOEWASTE) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

14/1, Main Mathura Road, Faridabad, HR, IND, 121003

Website

https://www.namoewaste.com

Namo eWaste Management Ltd is an E-Waste collection, disposal and recycling company that offers comprehensive services for recycling of electrical and electronic equipment (EEE) waste like Air Conditioners, refrigerators, Laptop, Phones, Washing Machines, Fans, etc. It is committed towards managing large volumes of electrical and electronic equipment waste and is able to extract all of the components of an electrical item including precious and semi-precious metals like Copper, Aluminium, Iron, etc.

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