South West Pinnacle Exploration (NSE:SOUTHWEST) Interest Coverage : 2.76 (As of Dec. 2023)

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What is South West Pinnacle Exploration 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. South West Pinnacle Exploration's Operating Income for the three months ended in Dec. 2023 was ₹67 Mil. South West Pinnacle Exploration's Interest Expense for the three months ended in Dec. 2023 was ₹-24 Mil. South West Pinnacle Exploration's interest coverage for the quarter that ended in Dec. 2023 was 2.76. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for South West Pinnacle Exploration's Interest Coverage or its related term are showing as below:

NSE:SOUTHWEST' s Interest Coverage Range Over the Past 10 Years
Min: 2.11 Med: 2.67 Max: 3.52
Current: 2.11

NSE:SOUTHWEST's Interest Coverage is ranked worse than
82.81% of 762 companies
in the Oil & Gas industry
Industry Median: 6.615 vs NSE:SOUTHWEST: 2.11

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

South West Pinnacle Exploration Interest Coverage Historical Data

The historical data trend for South West Pinnacle Exploration'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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South West Pinnacle Exploration Interest Coverage Chart

South West Pinnacle Exploration Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

Get a 7-Day Free Trial

2.67

2.16

3.07

3.52

2.21

South West Pinnacle Exploration Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															1.21	3.31	0.97	1.24	2.76

Competitive Comparison of South West Pinnacle Exploration's Interest Coverage

For the Oil & Gas Equipment & Services subindustry, South West Pinnacle Exploration'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.

South West Pinnacle Exploration's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, South West Pinnacle Exploration's Interest Coverage distribution charts can be found below:

* The bar in red indicates where South West Pinnacle Exploration's Interest Coverage falls into.

South West Pinnacle Exploration 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.

South West Pinnacle Exploration'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, South West Pinnacle Exploration's Interest Expense was ₹-59 Mil. Its Operating Income was ₹130 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹158 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	130.174	/	-58.954
	=	2.21

South West Pinnacle Exploration's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, South West Pinnacle Exploration's Interest Expense was ₹-24 Mil. Its Operating Income was ₹67 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	67.033	/	-24.252
	=	2.76

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

South West Pinnacle Exploration (NSE:SOUTHWEST) 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 .

South West Pinnacle Exploration Interest Coverage Related Terms

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

South West Pinnacle Exploration (NSE:SOUTHWEST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » South West Pinnacle Exploration Ltd (NSE:SOUTHWEST) » Definitions » Interest Coverage

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543986:India

Address

Siddhartha House, Plot No. 15, Ground Floor, Sector-44, Gurgaon, HR, IND, 122003

Website

http://www.southwestpinnacle.com

South West Pinnacle Exploration Ltd is an India-based exploration services company. It provides end to end drilling, exploration, and allied services to coal, ferrous, non-ferrous, and atomic and base metal mining and water and unconventional energy industries. The company offers consultancy for geological field services and allied services. In addition, it also renders exploration services including geophysical logging, surface geophysical and topographic surveys. The company also administers services such as aquifer mapping, coal bed methane exploration and production, coal and mineral exploration, and workover rig services. It has a business presence in India and the Overseas market.

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