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ROX Hi-Tech (NSE:ROXHITECH) Interest Coverage : N/A (As of Sep. 2024)


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What is ROX Hi-Tech 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. ROX Hi-Tech's Operating Income for the three months ended in Sep. 2024 was ₹0.0 Mil. ROX Hi-Tech's Interest Expense for the three months ended in Sep. 2024 was ₹0.0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for ROX Hi-Tech's Interest Coverage or its related term are showing as below:

NSE:ROXHITECH' s Interest Coverage Range Over the Past 10 Years
Min: 0.65   Med: 4.84   Max: 9.86
Current: 9.3


NSE:ROXHITECH's Interest Coverage is ranked worse than
66.31% of 1668 companies
in the Software industry
Industry Median: 25.82 vs NSE:ROXHITECH: 9.30

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


ROX Hi-Tech Interest Coverage Historical Data

The historical data trend for ROX Hi-Tech'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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ROX Hi-Tech Interest Coverage Chart

ROX Hi-Tech Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Interest Coverage
0.65 2.00 7.67 9.86

ROX Hi-Tech Quarterly Data
Mar21 Mar22 Mar23 Jul23 Dec23 Mar24 Sep24
Interest Coverage Get a 7-Day Free Trial N/A N/A 9.96 8.75 N/A

Competitive Comparison of ROX Hi-Tech's Interest Coverage

For the Information Technology Services subindustry, ROX Hi-Tech'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.


ROX Hi-Tech's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, ROX Hi-Tech's Interest Coverage distribution charts can be found below:

* The bar in red indicates where ROX Hi-Tech's Interest Coverage falls into.


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ROX Hi-Tech 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.

ROX Hi-Tech'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, ROX Hi-Tech's Interest Expense was ₹-31.6 Mil. Its Operating Income was ₹311.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹21.3 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*311/-31.552
=9.86

ROX Hi-Tech's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, ROX Hi-Tech's Interest Expense was ₹0.0 Mil. Its Operating Income was ₹0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹21.0 Mil.

GuruFocus does not calculate ROX Hi-Tech's interest coverage with the available data.

* 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.

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


ROX Hi-Tech  (NSE:ROXHITECH) 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 .


ROX Hi-Tech Interest Coverage Related Terms

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ROX Hi-Tech Business Description

Traded in Other Exchanges
N/A
Address
Mahalingapuram Main Road, Old No.101B, New No.160, 1st & 3rd Floor, Nungambakkam, Chennai, TN, IND, 600034
ROX Hi-Tech Ltd is a customer-centric IT solutions provider committed to excellence. It offers a comprehensive range of distributed IT solutions, including consulting, enterprise and end-user computing, managed print, and network services. The company is India's leading end-to-end IT solution provider.

ROX Hi-Tech Headlines

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