Saakshi Medtech and Panels (NSE:SAAKSHI) Interest Coverage : 9.98 (As of Mar. 2024)

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What is Saakshi Medtech and Panels 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. Saakshi Medtech and Panels's Operating Income for the six months ended in Mar. 2024 was ₹159 Mil. Saakshi Medtech and Panels's Interest Expense for the six months ended in Mar. 2024 was ₹-16 Mil. Saakshi Medtech and Panels's interest coverage for the quarter that ended in Mar. 2024 was 9.98. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Saakshi Medtech and Panels's Interest Coverage or its related term are showing as below:

NSE:SAAKSHI' s Interest Coverage Range Over the Past 10 Years
Min: 3.45 Med: 9.98 Max: 14.43
Current: 9.98

NSE:SAAKSHI's Interest Coverage is ranked worse than
59.4% of 2281 companies
in the Industrial Products industry
Industry Median: 15.67 vs NSE:SAAKSHI: 9.98

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

Saakshi Medtech and Panels Interest Coverage Historical Data

The historical data trend for Saakshi Medtech and Panels'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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Saakshi Medtech and Panels Interest Coverage Chart

Saakshi Medtech and Panels Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

5.05

3.45

10.51

14.43

9.98

Saakshi Medtech and Panels Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Interest Coverage	5.05	3.45	10.51	14.43	9.98

Competitive Comparison of Saakshi Medtech and Panels's Interest Coverage

For the Electrical Equipment & Parts subindustry, Saakshi Medtech and Panels'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.

Saakshi Medtech and Panels's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Saakshi Medtech and Panels's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Saakshi Medtech and Panels's Interest Coverage falls into.

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Saakshi Medtech and Panels 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.

Saakshi Medtech and Panels'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, Saakshi Medtech and Panels's Interest Expense was ₹-16 Mil. Its Operating Income was ₹159 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹150 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	159.49	/	-15.98
	=	9.98

Saakshi Medtech and Panels's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, Saakshi Medtech and Panels's Interest Expense was ₹-16 Mil. Its Operating Income was ₹159 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹150 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	159.49	/	-15.98
	=	9.98

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

Saakshi Medtech and Panels (NSE:SAAKSHI) 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 .

Saakshi Medtech and Panels Interest Coverage Related Terms

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

Saakshi Medtech and Panels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Saakshi Medtech and Panels Ltd (NSE:SAAKSHI) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Plot No. EL-23, J Block, MIDC Industrial Area, Bhosari, Pune, MH, IND, 411026

Website

https://www.smtpl.co

Saakshi Medtech and Panels Ltd is a diversified company engaged in manufacturing of Electrical Control Panels and Cabinets used in elevators, air compressors, renewal energy industry, oil & gas exploration industry, electrical vehicle charging stations etc, Medical X Ray System used in healthcare industry, Fabrication works for locomotives and wire harness division for their captive consumption in electrical control panels and for supply to air compressor industry. Their comprehensive solutions include design, process engineering and manufacturing including fabrication, assembly and testing facilities. It designs, programs and assembles Electrical Control Panels and Cabinets comprising of micro controller, programmable logic controllers and SCADA system.

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