Spectrum Talent Management (NSE:SPECTSTM) Interest Coverage : 13.44 (As of Sep. 2023)

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What is Spectrum Talent Management 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. Spectrum Talent Management's Operating Income for the six months ended in Sep. 2023 was ₹29 Mil. Spectrum Talent Management's Interest Expense for the six months ended in Sep. 2023 was ₹-2 Mil. Spectrum Talent Management's interest coverage for the quarter that ended in Sep. 2023 was 13.44. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Spectrum Talent Management's Interest Coverage or its related term are showing as below:

NSE:SPECTSTM' s Interest Coverage Range Over the Past 10 Years
Min: 13.44 Med: 102.25 Max: 169.93
Current: 13.44

NSE:SPECTSTM's Interest Coverage is ranked better than
50.82% of 793 companies
in the Business Services industry
Industry Median: 13.27 vs NSE:SPECTSTM: 13.44

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

Spectrum Talent Management Interest Coverage Historical Data

The historical data trend for Spectrum Talent Management'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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Spectrum Talent Management Interest Coverage Chart

Spectrum Talent Management Annual Data

Trend

Mar20

Mar21

Mar22

Interest Coverage

102.25

41.15

169.93

Spectrum Talent Management Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Sep23
Interest Coverage	N/A	N/A	N/A	40.97	13.44

Competitive Comparison of Spectrum Talent Management's Interest Coverage

For the Staffing & Employment Services subindustry, Spectrum Talent Management'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.

Spectrum Talent Management's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Spectrum Talent Management's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Spectrum Talent Management's Interest Coverage falls into.

Spectrum Talent Management 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.

Spectrum Talent Management's Interest Coverage for the fiscal year that ended in Mar. 2022 is calculated as

Here, for the fiscal year that ended in Mar. 2022, Spectrum Talent Management's Interest Expense was ₹-1 Mil. Its Operating Income was ₹151 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2022 )	/	Interest Expense (A: Mar. 2022 )
	=	-1	*	150.556	/	-0.886
	=	169.93

Spectrum Talent Management's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Spectrum Talent Management's Interest Expense was ₹-2 Mil. Its Operating Income was ₹29 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹6 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	28.5	/	-2.12
	=	13.44

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

Spectrum Talent Management (NSE:SPECTSTM) 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 .

Spectrum Talent Management Interest Coverage Related Terms

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

Spectrum Talent Management (NSE:SPECTSTM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Spectrum Talent Management Ltd (NSE:SPECTSTM) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sector - 63 Road, Block C, Plot no. C-142, Gautam Buddha Nagar, Noida, UP, IND, 201301

Website

https://www.stmpl.co.in

Spectrum Talent Management Ltd is a renowned human resource and staffing service provider. The company offers a wide array of services such as Recruitment, Payroll, Onboarding and flexible staffing. It satisfies the firm's staffing, and recruitment needs globally through this specialized rich knowledge. The company's business segment includes Manpower supply, Recruitment and related services, and Electronic goods. The company generates the majority of its revenue from the Manpower supply, Recruitment and related services segment.

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