Phoenix Overseas (NSE:PHOGLOBAL) Interest Coverage : 1.73 (As of Sep. 2024)

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What is Phoenix Overseas 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. Phoenix Overseas's Operating Income for the six months ended in Sep. 2024 was ₹32 Mil. Phoenix Overseas's Interest Expense for the six months ended in Sep. 2024 was ₹-19 Mil. Phoenix Overseas's interest coverage for the quarter that ended in Sep. 2024 was 1.73. The higher the ratio, the stronger the company's financial strength is.

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

NSE:PHOGLOBAL' s Interest Coverage Range Over the Past 10 Years
Min: 2.37 Med: 3.48 Max: 4.13
Current: 3.22

NSE:PHOGLOBAL's Interest Coverage is ranked worse than
72.46% of 138 companies
in the Industrial Distribution industry
Industry Median: 6.56 vs NSE:PHOGLOBAL: 3.22

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

Phoenix Overseas Interest Coverage Historical Data

The historical data trend for Phoenix Overseas'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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Phoenix Overseas Interest Coverage Chart

Phoenix Overseas Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Interest Coverage

3.74

4.13

3.22

2.37

Phoenix Overseas Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Interest Coverage	Get a 7-Day Free Trial			N/A	N/A	1.37	7.54	1.73

Competitive Comparison of Phoenix Overseas's Interest Coverage

For the Industrial Distribution subindustry, Phoenix Overseas'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.

Phoenix Overseas's Interest Coverage Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Phoenix Overseas's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Phoenix Overseas's Interest Coverage falls into.

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Phoenix Overseas 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.

Phoenix Overseas'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, Phoenix Overseas's Interest Expense was ₹-40 Mil. Its Operating Income was ₹95 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹20 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	94.843	/	-39.996
	=	2.37

Phoenix Overseas's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Phoenix Overseas's Interest Expense was ₹-19 Mil. Its Operating Income was ₹32 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹6 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	32.397	/	-18.766
	=	1.73

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

Phoenix Overseas (NSE:PHOGLOBAL) 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 .

Phoenix Overseas Interest Coverage Related Terms

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

Phoenix Overseas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Phoenix Overseas Ltd (NSE:PHOGLOBAL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

13B Bidhan Sarani Amherst Street, Chanda Plaza 4th Floor, Kolkata, WB, IND, 700006

Website

https://www.phxglobal.net

Phoenix Overseas Ltd is engaged into trading and marketing of animal feeds and agricultural produce and commodities such as corn, oil cakes, spices like dry red chilies, coriander, cumin seeds, food grains like rice, wheat, corn, sorghum and tea, pulses and agricultural feed like soya bean meal and rice bran de-oiled cake. It exports are to Bangladesh among other Asian Countries. It is also engaged in manufacturing of bags for men and women made of jute, cotton, canvas, and leather as well as various other fashion accessories for buyers based in European Countries like France, Italy, Germany, UAE and also in Australia. The company include three segments: Fashion Accessories, Merchant Export and Cold storage. Key revenue is generated from Merchant Export.

Phoenix Overseas Headlines

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