Shubhshree Biofuels Energy (NSE:SHUBHSHREE) Interest Coverage : 156.07 (As of Sep. 2024)

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What is Shubhshree Biofuels Energy 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. Shubhshree Biofuels Energy's Operating Income for the six months ended in Sep. 2024 was ₹48.9 Mil. Shubhshree Biofuels Energy's Interest Expense for the six months ended in Sep. 2024 was ₹-0.3 Mil. Shubhshree Biofuels Energy's interest coverage for the quarter that ended in Sep. 2024 was 156.07. 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. Shubhshree Biofuels Energy Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Shubhshree Biofuels Energy's Interest Coverage or its related term are showing as below:

NSE:SHUBHSHREE' s Interest Coverage Range Over the Past 10 Years
Min: 21.66 Med: 77.7 Max: 3189
Current: 156.07

NSE:SHUBHSHREE's Interest Coverage is ranked better than
95.68% of 324 companies
in the Utilities - Independent Power Producers industry
Industry Median: 2.975 vs NSE:SHUBHSHREE: 156.07

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

Shubhshree Biofuels Energy Interest Coverage Historical Data

The historical data trend for Shubhshree Biofuels Energy'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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Shubhshree Biofuels Energy Interest Coverage Chart

Shubhshree Biofuels Energy Annual Data

Trend

Mar22

Mar23

Mar24

Interest Coverage

3,189.00

77.70

21.66

Shubhshree Biofuels Energy Semi-Annual Data
	Mar22	Mar23	Mar24	Sep24
Interest Coverage	N/A	N/A	N/A	156.07

Competitive Comparison of Shubhshree Biofuels Energy's Interest Coverage

For the Utilities - Renewable subindustry, Shubhshree Biofuels Energy'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.

Shubhshree Biofuels Energy's Interest Coverage Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Shubhshree Biofuels Energy's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shubhshree Biofuels Energy's Interest Coverage falls into.

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Shubhshree Biofuels Energy 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.

Shubhshree Biofuels Energy'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, Shubhshree Biofuels Energy's Interest Expense was ₹-2.1 Mil. Its Operating Income was ₹46.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹5.3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	46.182	/	-2.132
	=	21.66

Shubhshree Biofuels Energy's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Shubhshree Biofuels Energy's Interest Expense was ₹-0.3 Mil. Its Operating Income was ₹48.9 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹2.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	48.85	/	-0.313
	=	156.07

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

Shubhshree Biofuels Energy (NSE:SHUBHSHREE) 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 .

Shubhshree Biofuels Energy Interest Coverage Related Terms

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

Shubhshree Biofuels Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shubhshree Biofuels Energy Ltd (NSE:SHUBHSHREE) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Pandit T.N Mishra Marg, Plot No. 8 Ganesh Vihar B, Nirman Nagar, Shyam Nagar, Jaipur, RJ, IND, 302019

Website

https://www.shubhshreebiofuels.co.in

Shubhshree Biofuels Energy Ltd is engaged in the business of manufacturing & supplying of biomass fuels, which includes biomass pellets and briquettes. These biomass fuels are an alternative source of energy which are basically used in commercial and industrial heating, cooking fuel, industrial burning and electricity generation, as an alternative to fossil fuels like coal, firewood, lignite, Agri-waste, etc. The briquettes are majorly used for industrial purposes like running boilers etc. and the pellets are majorly used as cooking fuel or commercial purposes. The company is currently selling these pellets and briquettes to customers who are engaged in the business of recycling material, textile processing, pharmaceutical, metal, etc.

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