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NRB Bearings (NSE:NRBBEARING) Interest Coverage : 19.77 (As of Mar. 2025)


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What is NRB Bearings 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. NRB Bearings's Operating Income for the three months ended in Mar. 2025 was ₹478 Mil. NRB Bearings's Interest Expense for the three months ended in Mar. 2025 was ₹-24 Mil. NRB Bearings's interest coverage for the quarter that ended in Mar. 2025 was 19.77. The higher the ratio, the stronger the company's financial strength is.

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

NSE:NRBBEARING' s Interest Coverage Range Over the Past 10 Years
Min: 2.75   Med: 6.37   Max: 13.69
Current: 13.69


NSE:NRBBEARING's Interest Coverage is ranked better than
60.46% of 1042 companies
in the Vehicles & Parts industry
Industry Median: 8.055 vs NSE:NRBBEARING: 13.69

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


NRB Bearings Interest Coverage Historical Data

The historical data trend for NRB Bearings'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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NRB Bearings Interest Coverage Chart

NRB Bearings Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.68 6.76 6.99 5.97 13.69

NRB Bearings Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 9.82 9.92 13.38 12.91 19.77

Competitive Comparison of NRB Bearings's Interest Coverage

For the Auto Parts subindustry, NRB Bearings'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.


NRB Bearings's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, NRB Bearings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where NRB Bearings's Interest Coverage falls into.


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NRB Bearings 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.

NRB Bearings's Interest Coverage for the fiscal year that ended in Mar. 2025 is calculated as

Here, for the fiscal year that ended in Mar. 2025, NRB Bearings's Interest Expense was ₹-111 Mil. Its Operating Income was ₹1,517 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹9 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2025 )/Interest Expense (A: Mar. 2025 )
=-1*1516.6/-110.8
=13.69

NRB Bearings's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, NRB Bearings's Interest Expense was ₹-24 Mil. Its Operating Income was ₹478 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹9 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*478.4/-24.2
=19.77

* 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.


NRB Bearings  (NSE:NRBBEARING) 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 .


NRB Bearings Interest Coverage Related Terms

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


NRB Bearings Business Description

Traded in Other Exchanges
Address
Dhannur, 15, Sir P.M. Road, Fort, Mumbai, MH, IND, 400 001
NRB Bearings Ltd is an Indian company engaged in the ball and roller bearing business. It manufactures and sells needle roller bushes and cage, ball and roller bearings, and automobile components. Some of the company's products include Cylindrical roller bearings, Crank pins, Thrust bearings, Rocker-arm bearings, Drawn cup needle bearings, and others. Company has a single reportable segment of ball and roller bearings. Geographically, the group has a business presence in India and other countries, of which it generates a majority of its revenue from India.

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