Sunlite Recycling Industries (NSE:SUNLITE) Interest Coverage : N/A (As of Sep. 2024)

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What is Sunlite Recycling Industries 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. Sunlite Recycling Industries's Operating Income for the three months ended in Sep. 2024 was ₹0 Mil. Sunlite Recycling Industries's Interest Expense for the three months ended in Sep. 2024 was ₹0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Sunlite Recycling Industries's Interest Coverage or its related term are showing as below:

NSE:SUNLITE' s Interest Coverage Range Over the Past 10 Years
Min: 2.72 Med: 2.83 Max: 4.77
Current: 4.77

NSE:SUNLITE's Interest Coverage is ranked worse than
74.68% of 2283 companies
in the Industrial Products industry
Industry Median: 15.91 vs NSE:SUNLITE: 4.77

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

Sunlite Recycling Industries Interest Coverage Historical Data

The historical data trend for Sunlite Recycling Industries'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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Sunlite Recycling Industries Interest Coverage Chart

Sunlite Recycling Industries Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Interest Coverage

2.82

2.83

2.72

3.79

Sunlite Recycling Industries Quarterly Data
	Mar21	Mar22	Mar23	Dec23	Mar24	Sep24
Interest Coverage	Get a 7-Day Free Trial			N/A	N/A	3.69	6.16	N/A

Competitive Comparison of Sunlite Recycling Industries's Interest Coverage

For the Electrical Equipment & Parts subindustry, Sunlite Recycling Industries'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.

Sunlite Recycling Industries's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sunlite Recycling Industries's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sunlite Recycling Industries's Interest Coverage falls into.

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Sunlite Recycling Industries 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.

Sunlite Recycling Industries'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, Sunlite Recycling Industries's Interest Expense was ₹-44 Mil. Its Operating Income was ₹167 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹34 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	167.174	/	-44.08
	=	3.79

Sunlite Recycling Industries's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Sunlite Recycling Industries's Interest Expense was ₹0 Mil. Its Operating Income was ₹0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹91 Mil.

GuruFocus does not calculate Sunlite Recycling Industries's interest coverage with the available data.

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

Sunlite Recycling Industries (NSE:SUNLITE) 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 .

Sunlite Recycling Industries Interest Coverage Related Terms

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Sunlite Recycling Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sunlite Recycling Industries Ltd (NSE:SUNLITE) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Survey No. 270A & Plot No. 1, Survey No. 267, Chhatha Mile, Dantali, Vaso, Kheda, GJ, IND, 387350

Website

https://www.sunliteindustries.com

Sunlite Recycling Industries Ltd is engaged in the business of manufacturing of copper rods & wires, copper earthing wires, copper earthing strips, copper conductors, copper wire bars etc. through recycling of copper scrap, which has electrical and mechanical properties suitable for applications in power generation, transmission, distribution and electronic industries. Further, it is also engaged in providing job work services for processing of various products of copper, wherein its customers provide company with the copper scrap and the company converts the copper scrap into copper wire and copper wire rod as per customer's requirement. It employs an internal quality control mechanism to ensure that its finished product conforms to the exact requirement of its customers.

Sunlite Recycling Industries Headlines

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