TAC Infosec (NSE:TAC) Interest Coverage : 125.84 (As of Sep. 2023)

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What is TAC Infosec 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. TAC Infosec's Operating Income for the six months ended in Sep. 2023 was ₹20.39 Mil. TAC Infosec's Interest Expense for the six months ended in Sep. 2023 was ₹-0.16 Mil. TAC Infosec's interest coverage for the quarter that ended in Sep. 2023 was 125.84. The higher the ratio, the stronger the company's financial strength is.

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

NSE:TAC's Interest Coverage is not ranked ^*
in the Software industry.
Industry Median: 26.095
* Ranked among companies with meaningful Interest Coverage only.

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

TAC Infosec Interest Coverage Historical Data

The historical data trend for TAC Infosec'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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TAC Infosec Interest Coverage Chart

TAC Infosec Annual Data

Trend

Mar21

Mar22

Mar23

Interest Coverage

57.26

14.59

63.57

TAC Infosec Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
Interest Coverage	N/A	N/A	N/A	125.84

Competitive Comparison of TAC Infosec's Interest Coverage

For the Software - Application subindustry, TAC Infosec'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.

TAC Infosec's Interest Coverage Distribution in the Software Industry

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

* The bar in red indicates where TAC Infosec's Interest Coverage falls into.

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TAC Infosec 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.

TAC Infosec'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, TAC Infosec's Interest Expense was ₹-0.85 Mil. Its Operating Income was ₹54.29 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1.62 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	54.285	/	-0.854
	=	63.57

TAC Infosec's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, TAC Infosec's Interest Expense was ₹-0.16 Mil. Its Operating Income was ₹20.39 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.79 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	20.386	/	-0.162
	=	125.84

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

TAC Infosec (NSE:TAC) 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 .

TAC Infosec Interest Coverage Related Terms

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TAC Infosec Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TAC Infosec Ltd (NSE:TAC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

CST Road, 91 Springboard, Kagalwala House, 01st Floor, C Block, 175, CST Road, Kalina, Santacruz East, Mumbai, MH, IND, 400098

Website

https://www.tacsecurity.com

TAC Infosec Ltd is engaged in the business of providing risk-based vulnerability management and assessment solutions, cybersecurity quantification, and services of Penetration testing to organizations of any scale, size, and business through the SaaS model. It offers security software products and solutions both in India and internationally. and its end customers are Banks and Financial Institutions, government regulatory bodies and departments, and large-scale enterprises (including business offices) like HDFC, Bandhan Bank, BSE, etc. Its flagship software product is ESOF (Enterprise Security in One Framework) which is a vulnerability management platform consisting of various product portfolios namely ESOF Appsec, ESOF VMP, ESOF VACA, ESOF PCI ASV, and ESOF CRQ.