Positron Energy (NSE:POSITRON) Interest Coverage : 68.08 (As of Mar. 2024)

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What is Positron Energy 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. Positron Energy's Operating Income for the six months ended in Mar. 2024 was ₹118 Mil. Positron Energy's Interest Expense for the six months ended in Mar. 2024 was ₹-2 Mil. Positron Energy's interest coverage for the quarter that ended in Mar. 2024 was 68.08. The higher the ratio, the stronger the company's financial strength is.

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

NSE:POSITRON' s Interest Coverage Range Over the Past 10 Years
Min: 6.29 Med: 20.9 Max: 68.08
Current: 68.08

NSE:POSITRON's Interest Coverage is ranked better than
82.64% of 720 companies
in the Oil & Gas industry
Industry Median: 5.775 vs NSE:POSITRON: 68.08

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

Positron Energy Interest Coverage Historical Data

The historical data trend for Positron Energy'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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Positron Energy Interest Coverage Chart

Positron Energy Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Interest Coverage

22.73

6.29

19.06

68.08

Positron Energy Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Interest Coverage	22.73	6.29	19.06	68.08

Competitive Comparison of Positron Energy's Interest Coverage

For the Oil & Gas Equipment & Services subindustry, Positron Energy'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.

Positron Energy's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Positron Energy's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Positron Energy's Interest Coverage falls into.

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Positron Energy 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.

Positron Energy'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, Positron Energy's Interest Expense was ₹-2 Mil. Its Operating Income was ₹118 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹73 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	118.385	/	-1.739
	=	68.08

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

Here, for the six months ended in Mar. 2024, Positron Energy's Interest Expense was ₹-2 Mil. Its Operating Income was ₹118 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹73 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	118.385	/	-1.739
	=	68.08

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

Positron Energy (NSE:POSITRON) 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 .

Positron Energy Interest Coverage Related Terms

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Positron Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Positron Energy Ltd (NSE:POSITRON) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sector-7, Office No. 3, IT Tower-2, Ground Floor Infocity, Gandhinagar, GJ, IND, 382007

Website

https://www.positron-india.com

Positron Energy Ltd is engaged in Management & Technical Advisory Services of Oil and Gas Industry. It provide end to end solutions for Gas distribution to the Industries across India. The company provides Management Consultancy Services like commercial and financial advisory, technical services including Project Management and O&M (Operation and Management) Services, across the Gas Sector in India. It has successfully developed a Gas aggregation business volume of 35 MMSCM (approx), especially Natural Gas. its technical qualifications and empanelment with industrial customers attest to its reliability and competence. Moreover, distribution of Natural gas is facilitated through common carrier pipeline networks operated by public and private sector players in the Indian market.

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