Slone Infosystems (NSE:SLONE) Interest Coverage : 37.72 (As of Sep. 2024)

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What is Slone Infosystems 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. Slone Infosystems's Operating Income for the six months ended in Sep. 2024 was ₹66 Mil. Slone Infosystems's Interest Expense for the six months ended in Sep. 2024 was ₹-2 Mil. Slone Infosystems's interest coverage for the quarter that ended in Sep. 2024 was 37.72. The higher the ratio, the stronger the company's financial strength is.

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

NSE:SLONE' s Interest Coverage Range Over the Past 10 Years
Min: 0.11 Med: 0.15 Max: 37.72
Current: 37.72

NSE:SLONE's Interest Coverage is ranked better than
68.3% of 1596 companies
in the Hardware industry
Industry Median: 13.145 vs NSE:SLONE: 37.72

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

Slone Infosystems Interest Coverage Historical Data

The historical data trend for Slone Infosystems'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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Slone Infosystems Interest Coverage Chart

Slone Infosystems Annual Data

Trend

Mar21

Mar22

Mar23

Interest Coverage

0.11

0.15

1.95

Slone Infosystems Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Interest Coverage	N/A	N/A	N/A	16.23	37.72

Competitive Comparison of Slone Infosystems's Interest Coverage

For the Electronics & Computer Distribution subindustry, Slone Infosystems'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.

Slone Infosystems's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Slone Infosystems's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Slone Infosystems's Interest Coverage falls into.

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Slone Infosystems 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.

Slone Infosystems's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Slone Infosystems's Interest Expense was ₹-3 Mil. Its Operating Income was ₹7 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹27 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	6.578	/	-3.382
	=	1.95

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

Here, for the six months ended in Sep. 2024, Slone Infosystems's Interest Expense was ₹-2 Mil. Its Operating Income was ₹66 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	65.932	/	-1.748
	=	37.72

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

Slone Infosystems (NSE:SLONE) 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 .

Slone Infosystems Interest Coverage Related Terms

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

Slone Infosystems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Slone Infosystems Ltd (NSE:SLONE) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Road Khar West, Ground Floor, Mohini Heights CHS LTD, Behind Rajasthan Hotel, Khar Delivery, Mumbai, MH, IND, 400052

Website

https://www.sloneinfosystems.com

Slone Infosystems Ltd is an IT hardware solutions company based in India. The company is involved in the sale and rental of IT equipment such as laptops, desktops, servers, and workstations. Additionally, the company offers IT service solutions including managing cloud servers and servicing IT equipment for corporate clients.

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