Systango Technologies (NSE:SYSTANGO) Interest Coverage : 288.93 (As of Mar. 2024)

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What is Systango Technologies 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. Systango Technologies's Operating Income for the six months ended in Mar. 2024 was ₹92.5 Mil. Systango Technologies's Interest Expense for the six months ended in Mar. 2024 was ₹-0.3 Mil. Systango Technologies's interest coverage for the quarter that ended in Mar. 2024 was 288.93. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Systango Technologies Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

NSE:SYSTANGO' s Interest Coverage Range Over the Past 10 Years
Min: 20.01 Med: 365.04 Max: 694.37
Current: 365.04

NSE:SYSTANGO's Interest Coverage is ranked better than
77.78% of 1602 companies
in the Software industry
Industry Median: 29.785 vs NSE:SYSTANGO: 365.04

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

Systango Technologies Interest Coverage Historical Data

The historical data trend for Systango Technologies'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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Systango Technologies Interest Coverage Chart

Systango Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

98.00

20.01

694.37

370.16

365.04

Systango Technologies Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Coverage	Get a 7-Day Free Trial			N/A	25.71	221.51	533.01	288.93

Competitive Comparison of Systango Technologies's Interest Coverage

For the Software - Infrastructure subindustry, Systango Technologies'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.

Systango Technologies's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Systango Technologies's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Systango Technologies's Interest Coverage falls into.

Systango Technologies 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.

Systango Technologies'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, Systango Technologies's Interest Expense was ₹-0.5 Mil. Its Operating Income was ₹169.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.9 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	169.743	/	-0.465
	=	365.04

Systango Technologies's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, Systango Technologies's Interest Expense was ₹-0.3 Mil. Its Operating Income was ₹92.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.9 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	92.456	/	-0.32
	=	288.93

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

Systango Technologies (NSE:SYSTANGO) 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 .

Systango Technologies Interest Coverage Related Terms

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

Systango Technologies (NSE:SYSTANGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Systango Technologies Ltd (NSE:SYSTANGO) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ring Road, 3rd Floor (LHS), STP-I Crystal IT Park, Indore, MP, IND, 452010

Website

https://www.systango.com

Systango Technologies Ltd is engaged in the business of providing software solutions to design, implement, and manage their own Customized Digital Platforms including Web2, Web3, and Mobile applications, with an emphasis on data and analytics. The range of software solutions provided by the company is wide and includes website development, mobile app development for both IOS and Android applications, web3 development, decentralized finance, data engineering, implementation of blockchain, cloud computing, and digital marketing. Systango offers its services across various sectors like Hospitality, Property Tech, Financial Services, Fantasy Sports, and many others.

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