Osel Devices (NSE:OSELDEVICE) Interest Coverage : 5.73 (As of Mar. 2024)

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What is Osel Devices 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. Osel Devices's Operating Income for the six months ended in Mar. 2024 was ₹219 Mil. Osel Devices's Interest Expense for the six months ended in Mar. 2024 was ₹-38 Mil. Osel Devices's interest coverage for the quarter that ended in Mar. 2024 was 5.73. The higher the ratio, the stronger the company's financial strength is.

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

NSE:OSELDEVICE' s Interest Coverage Range Over the Past 10 Years
Min: 3.51 Med: 5.16 Max: 7.45
Current: 5.73

NSE:OSELDEVICE's Interest Coverage is ranked worse than
70.85% of 446 companies
in the Medical Devices & Instruments industry
Industry Median: 17.335 vs NSE:OSELDEVICE: 5.73

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

Osel Devices Interest Coverage Historical Data

The historical data trend for Osel Devices'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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Osel Devices Interest Coverage Chart

Osel Devices Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Interest Coverage

4.59

3.51

7.45

5.73

Osel Devices Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Interest Coverage	4.59	3.51	7.45	5.73

Competitive Comparison of Osel Devices's Interest Coverage

For the Medical Devices subindustry, Osel Devices'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.

Osel Devices's Interest Coverage Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Osel Devices's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Osel Devices's Interest Coverage falls into.

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Osel Devices 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.

Osel Devices'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, Osel Devices's Interest Expense was ₹-38 Mil. Its Operating Income was ₹219 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹79 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	219.216	/	-38.278
	=	5.73

Osel Devices's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, Osel Devices's Interest Expense was ₹-38 Mil. Its Operating Income was ₹219 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹79 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	219.216	/	-38.278
	=	5.73

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

Osel Devices (NSE:OSELDEVICE) 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 .

Osel Devices Interest Coverage Related Terms

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

Osel Devices Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Osel Devices Ltd (NSE:OSELDEVICE) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 3, Sector Knowledge Park- III, Signature Tower First Floor, Sector 34, Gautam Buddha Nagar, Greater Noida, UP, IND, 201308

Website

Osel Devcies Ltd manufactures a comprehensive range of LED display systems and hearing aids. The company manufactures a comprehensive range of LED display systems including all major components for commercial use such as advertising media, billboards, corporate boardrooms, presentations, display promotions, command centers, and front signs. It also manufactures hearing aids, commonly known as health aids, to assist people with disabilities, the elderly, and the chronically ill who have low hearing levels. The company's main customer for hearing aids is the Artificial Limbs Manufacturing Corporation of India. Osel Devcies Generates the majority of revenue from Hearing Aids.

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