Opal Luxury Time Products (NSE:OPAL) Interest Coverage : 0 (At Loss) (As of Sep. 2019)

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What is Opal Luxury Time Products 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. Opal Luxury Time Products's Operating Income for the six months ended in Sep. 2019 was ₹-140.64 Mil. Opal Luxury Time Products's Interest Expense for the six months ended in Sep. 2019 was ₹-0.16 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Opal Luxury Time Products's Interest Coverage or its related term are showing as below:

NSE:OPAL's Interest Coverage is not ranked ^*
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 8.89
* 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.

Opal Luxury Time Products Interest Coverage Historical Data

The historical data trend for Opal Luxury Time Products'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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Opal Luxury Time Products Interest Coverage Chart

Opal Luxury Time Products Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Interest Coverage

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1.47

1.19

1.08

Opal Luxury Time Products Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Sep19
Interest Coverage	Get a 7-Day Free Trial				N/A	N/A	N/A	-	-

Competitive Comparison of Opal Luxury Time Products's Interest Coverage

For the Furnishings, Fixtures & Appliances subindustry, Opal Luxury Time Products'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.

Opal Luxury Time Products's Interest Coverage Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Opal Luxury Time Products's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Opal Luxury Time Products's Interest Coverage falls into.

Opal Luxury Time Products 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.

Opal Luxury Time Products's Interest Coverage for the fiscal year that ended in Mar. 2018 is calculated as

Here, for the fiscal year that ended in Mar. 2018, Opal Luxury Time Products's Interest Expense was ₹-22.05 Mil. Its Operating Income was ₹-38.04 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹45.14 Mil.

Opal Luxury Time Products did not have earnings to cover the interest expense.

Opal Luxury Time Products's Interest Coverage for the quarter that ended in Sep. 2019 is calculated as

Here, for the six months ended in Sep. 2019, Opal Luxury Time Products's Interest Expense was ₹-0.16 Mil. Its Operating Income was ₹-140.64 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹48.28 Mil.

Opal Luxury Time Products did not have earnings to cover the interest expense.

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

Opal Luxury Time Products (NSE:OPAL) 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 .

Opal Luxury Time Products Interest Coverage Related Terms

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Opal Luxury Time Products (NSE:OPAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Opal Luxury Time Products Ltd (NSE:OPAL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

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Address

Senapati Bapat Road, Shree Ganesh, Plot No. 31, 1st Floor, Shivaji Housing Society, Behind ICC Tower, Pune, MH, IND, 411016

Website

http://www.opalclocks.com

Opal Luxury Time Products Ltd is engaged in manufacturing and marketing of home decor products and designs, manufactures, assembles, markets and primarily in India and offers watches, wall and table clocks, and allied products and accessories. The firm markets its products through a network of distributors, dealers, home décor stores, furniture stores, crockery dealers, and organized retailers under the Opal brand. The company operates 333 counters and 11 online shopping portals in India. The firm offers a diverse product mix which varies with the following parameters: - Price Range, Mould-component-make (wood, metal, acrylic, glass, etc.) and Styles (statue, table, digital, and contemporary). It also offers its products through opalclocks.com, an online shopping portal.