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Saregama India (NSE:SAREGAMA) Interest Coverage : 13.53 (As of Mar. 2025)


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What is Saregama India 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. Saregama India's Operating Income for the three months ended in Mar. 2025 was ₹637 Mil. Saregama India's Interest Expense for the three months ended in Mar. 2025 was ₹-47 Mil. Saregama India's interest coverage for the quarter that ended in Mar. 2025 was 13.53. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Saregama India Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

NSE:SAREGAMA' s Interest Coverage Range Over the Past 10 Years
Min: 2.86   Med: 27.45   Max: 244.64
Current: 244.64


NSE:SAREGAMA's Interest Coverage is ranked better than
82.69% of 624 companies
in the Media - Diversified industry
Industry Median: 11.53 vs NSE:SAREGAMA: 244.64

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


Saregama India Interest Coverage Historical Data

The historical data trend for Saregama India'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.

* Premium members only.

Saregama India Interest Coverage Chart

Saregama India Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.33 42.55 37.25 64.93 38.11

Saregama India Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 157.89 184.43 109.77 177.26 13.53

Competitive Comparison of Saregama India's Interest Coverage

For the Entertainment subindustry, Saregama India'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.


Saregama India's Interest Coverage Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Saregama India's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Saregama India's Interest Coverage falls into.


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Saregama India 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.

Saregama India's Interest Coverage for the fiscal year that ended in Mar. 2025 is calculated as

Here, for the fiscal year that ended in Mar. 2025, Saregama India's Interest Expense was ₹-57 Mil. Its Operating Income was ₹2,188 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹14 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2025 )/Interest Expense (A: Mar. 2025 )
=-1*2187.8/-57.4
=38.11

Saregama India's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Saregama India's Interest Expense was ₹-47 Mil. Its Operating Income was ₹637 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹14 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*637.2/-47.1
=13.53

* 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.


Saregama India  (NSE:SAREGAMA) 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 .


Saregama India Interest Coverage Related Terms

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


Saregama India Business Description

Traded in Other Exchanges
Address
Building 30, Forjett Street, Grant Road West, 2nd Floor, Spencer Building, Mumbai, MH, IND, 400 036
Saregama India Ltd is a holding company, which engages in the production and distribution of music, television programs, and movies. It operates through the following segments: Music, Films/TV Serials, and Publication. The Music segment deals with the business of manufacturing and sale of Music storage devices viz. Carvaan, Music Card, etc, and dealing with related music rights. The Films/TV Serials and Event segment engaged in the production and sale/telecast/broadcast of films/TV Serials, pre-recorded programs, organizing live musical events, and dealing in film rights. The Publication segment publishes the weekly current affairs magazine 'OPEN' through its publication business. The firm derives a majority of its revenue from the Music segment.

Saregama India Headlines

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