Quadpro ITeS (NSE:QUADPRO) Interest Coverage : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Quadpro ITeS 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. Quadpro ITeS's Operating Income for the six months ended in Sep. 2024 was ₹3.18 Mil. Quadpro ITeS's Interest Expense for the six months ended in Sep. 2024 was ₹0.00 Mil. Quadpro ITeS has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Quadpro ITeS Ltd has no debt.

(1) 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.

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

NSE:QUADPRO' s Interest Coverage Range Over the Past 10 Years
Min: 1.94 Med: 10.59 Max: No Debt
Current: No Debt

NSE:QUADPRO's Interest Coverage is ranked better than
99.62% of 793 companies
in the Business Services industry
Industry Median: 13.32 vs NSE:QUADPRO: No Debt

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

Quadpro ITeS Interest Coverage Historical Data

The historical data trend for Quadpro ITeS'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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Quadpro ITeS Interest Coverage Chart

Quadpro ITeS Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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1.94

10.59

22.23

9.68

3,034.33

Quadpro ITeS Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Interest Coverage	Get a 7-Day Free Trial							No Debt	10.84	No Debt	No Debt	No Debt

Competitive Comparison of Quadpro ITeS's Interest Coverage

For the Specialty Business Services subindustry, Quadpro ITeS'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.

Quadpro ITeS's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Quadpro ITeS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Quadpro ITeS's Interest Coverage falls into.

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Quadpro ITeS 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.

Quadpro ITeS'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, Quadpro ITeS's Interest Expense was ₹-0.00 Mil. Its Operating Income was ₹9.10 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	9.103	/	-0.0030000000000001
	=	3,034.33

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

Here, for the six months ended in Sep. 2024, Quadpro ITeS's Interest Expense was ₹0.00 Mil. Its Operating Income was ₹3.18 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

Quadpro ITeS had no debt ⁽¹⁾.

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

Quadpro ITeS (NSE:QUADPRO) 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 .

Quadpro ITeS Interest Coverage Related Terms

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

Quadpro ITeS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Quadpro ITeS Ltd (NSE:QUADPRO) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

S-3, 2nd Floor, 53 to 58, Sri Chakravarthy Complex, V. V. Puram, Sajjan Rao Circle, Bangalore, KA, IND, 560004

Website

https://www.quadpro.co.in

Quadpro ITeS Ltd provides end-to-end solutions to the Banking, Insurance, and Telecom industries. The company's product offerings are divided into Quad Quick: For Banking and Financial Services Industries, Quad Sure: For the Insurance Industry, and Quad Comm: For the Telecomm Industry. It has exclusive tie-ups with all hardware and software solution providers to provide the latest range of desktops, servers, and scanners as part of the solution. The company operates and generates revenue from India.

Quadpro ITeS Headlines

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Quadpro ITeS (NSE:QUADPRO) Interest Coverage : No Debt (1) (As of Sep. 2024)