Smarten Power SystemsNSE:SMARTEN -2.70%18 Interest Coverage is 12.22 as of Mar. 2026, which is 71% below its 10-year median of 41.88. GuruFocus rates NSE:SMARTEN with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 636 Semiconductors companies, Smarten Power Systems ranks worse than 60.85% on this metric.
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. Smarten Power Systems's
Operating Income
for the
six
months ended in Mar. 2026 was ₹128 Mil. Smarten Power Systems's Interest Expense for the
six
months ended in Mar. 2026 was ₹-10 Mil.
Smarten Power Systems's interest coverage for the quarter that ended in Mar. 2026 was 12.22.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Smarten Power Systems's Interest Coverage or its related term are showing as below:
NSE:SMARTEN'
s Interest Coverage Range Over the Past 10 Years
Min: 12.22 Med: 41.88 Max: 132.17
Current: 12.22
NSE:SMARTEN's Interest Coverage is ranked worse than 60.85% of 636
companies
in the Semiconductors industry
Industry Median: 20.225
vs NSE:SMARTEN: 12.22
Smarten Power Systems (NSE:SMARTEN) 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 .
Smarten Power Systems Interest Coverage Related Terms
Smarten Power Systems Interest Coverage Historical Data
* Premium members only.
The historical data trend for Smarten Power Systems'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.
Smarten Power Systems Interest Coverage Chart
Smarten Power Systems Annual Data
Trend
Mar22
Mar23
Mar24
Mar25
Mar26
Interest Coverage
70.71
132.17
41.88
22.32
12.22
Smarten Power Systems Semi-Annual Data
Mar22
Mar23
Mar24
Mar25
Mar26
Interest Coverage
70.71
132.17
41.88
22.32
12.22
NSE:SMARTEN vs FSLR, NXT, ENPH: Interest Coverage Comparison
For the Solar subindustry, Smarten Power Systems'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.
Smarten Power Systems Interest Coverage vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Smarten Power Systems's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Smarten Power Systems's Interest Coverage falls into.
Smarten Power Systems 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:
* 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.
Smarten Power Systems (NSE:SMARTEN) has a Interest Coverage of 12.22 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Smarten Power Systems and its competitors. This is 71% below median its historical median of 41.88. Over the past decade, Smarten Power Systems' Interest Coverage has ranged from 12.22 to 132.17. According to the industry distribution chart, Smarten Power Systems ranks #387 out of 636 companies in the Semiconductors industry, placing it in the top 60.8%.
Is Smarten Power Systems' Interest Coverage too high?
Smarten Power Systems' current Interest Coverage of 12.22 is 71% below median its 10-year median of 41.88. Over the past 10 years, this metric has ranged from a low of 12.22 to a high of 132.17. The Semiconductors industry median Interest Coverage is 20.23. Smarten Power Systems' value of 12.22 is 39.6% below this industry median. Based on the distribution chart, Smarten Power Systems ranks #387 out of 636 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Smarten Power Systems has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Smarten Power Systems' Interest Coverage compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Smarten Power Systems ranks #387 out of 636 companies for Interest Coverage. This places Smarten Power Systems in the lower half of its industry. The industry median Interest Coverage is 20.23. Smarten Power Systems' value of 12.22 is 39.6% below this benchmark. Historically, Smarten Power Systems' own Interest Coverage has ranged from 12.22 to 132.17 over the past decade. While the company's 10-year median is 41.88 vs. the industry median of 20.23, Smarten Power Systems has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Semiconductors company?
The median Interest Coverage among Semiconductors companies is 20.23, based on 636 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Smarten Power Systems's current Interest Coverage of 12.22 is 39.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Smarten Power Systems and its competitors. For the Semiconductors industry, the median Interest Coverage is 20.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smarten Power Systems's current Interest Coverage is 12.22, which is 71% below median its own 10-year median of 41.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smarten Power Systems stock overvalued right now?
Smarten Power Systems (NSE:SMARTEN) has a current Interest Coverage of 12.22. The current Interest Coverage is 12.22, which is 71% below median its 10-year median of 41.88 and 39.6% below the Semiconductors industry median of 20.23. Smarten Power Systems' overall GF Score™ is 18/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Smarten Power Systems (NSE:SMARTEN), the current Interest Coverage is 12.22 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Smarten Power Systems Ltd is engaged into designing and assembling of power back-up and developed solar power products such as Home UPS systems, solar inverters, solar power conditioning units (PCUs), solar charge controllers. It is also engaged in the trading of solar panels and batteries. It sells its products through its distributors within India. Currently, The Company is operating in 23 states and 2 union territories within India and has also established footprint in over 18 countries which includes Middle East, Africa, and South Asia region.
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