Prizor Viztech (NSE:PRIZOR) Interest Coverage : 15.59 (As of Sep. 2024)

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What is Prizor Viztech 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. Prizor Viztech's Operating Income for the six months ended in Sep. 2024 was ₹64.1 Mil. Prizor Viztech's Interest Expense for the six months ended in Sep. 2024 was ₹-4.1 Mil. Prizor Viztech's interest coverage for the quarter that ended in Sep. 2024 was 15.59. The higher the ratio, the stronger the company's financial strength is.

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

NSE:PRIZOR' s Interest Coverage Range Over the Past 10 Years
Min: 1.06 Med: 1.73 Max: 22.09
Current: 22.09

NSE:PRIZOR's Interest Coverage is ranked better than
70.31% of 1327 companies
in the Construction industry
Industry Median: 7.24 vs NSE:PRIZOR: 22.09

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

Prizor Viztech Interest Coverage Historical Data

The historical data trend for Prizor Viztech'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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Prizor Viztech Interest Coverage Chart

Prizor Viztech Annual Data

Trend

Mar22

Mar23

Mar24

Interest Coverage

1.06

1.73

17.85

Prizor Viztech Semi-Annual Data
	Mar22	Mar23	Sep23	Mar24	Sep24
Interest Coverage	N/A	N/A	5.35	36.69	15.59

Competitive Comparison of Prizor Viztech's Interest Coverage

For the Building Products & Equipment subindustry, Prizor Viztech'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.

Prizor Viztech's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Prizor Viztech's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Prizor Viztech's Interest Coverage falls into.

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Prizor Viztech 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.

Prizor Viztech'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, Prizor Viztech's Interest Expense was ₹-4.6 Mil. Its Operating Income was ₹82.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹49.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	81.994	/	-4.593
	=	17.85

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

Here, for the six months ended in Sep. 2024, Prizor Viztech's Interest Expense was ₹-4.1 Mil. Its Operating Income was ₹64.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹23.9 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	64.095	/	-4.111
	=	15.59

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

Prizor Viztech (NSE:PRIZOR) 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 .

Prizor Viztech Interest Coverage Related Terms

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Prizor Viztech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Prizor Viztech Ltd (NSE:PRIZOR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

514, Maple Trade Centre, Near Surdhara Circle, Thaltej, Ahmedabad, GJ, IND, 380054

Website

https://www.prizor.in

Prizor Viztech Ltd is engaged in the business of providing security and surveillance solutions by offering comprehensive range of CCTV cameras which serves different verticals like retail, government, educational and infrastructure, among others. It also provide services including video management software which provides surveillance feature to customers in a single monitor and location. The company's product portfolio is mainly segregated into two parts, namely Security and Surveillance Solutions (network cameras & high-definition analog cameras, network video recorders, digital video recorders); and LED televisions, Monitors & Touch Panels.

Prizor Viztech Headlines

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