Total Transport Systems (NSE:TOTAL) Interest Coverage : 0.31 (As of Sep. 2023)

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What is Total Transport Systems 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. Total Transport Systems's Operating Income for the three months ended in Sep. 2023 was ₹2 Mil. Total Transport Systems's Interest Expense for the three months ended in Sep. 2023 was ₹-7 Mil. Total Transport Systems's interest coverage for the quarter that ended in Sep. 2023 was 0.31. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Total Transport Systems's Interest Coverage or its related term are showing as below:

NSE:TOTAL' s Interest Coverage Range Over the Past 10 Years
Min: 0.13 Med: 4.76 Max: 7.67
Current: 1.64

NSE:TOTAL's Interest Coverage is ranked worse than
84.99% of 813 companies
in the Transportation industry
Industry Median: 5.37 vs NSE:TOTAL: 1.64

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

Total Transport Systems Interest Coverage Historical Data

The historical data trend for Total Transport Systems'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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Total Transport Systems Interest Coverage Chart

Total Transport Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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7.24

2.78

0.13

7.67

4.71

Total Transport Systems Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial															5.78	6.90	N/A	3.21	0.31

Competitive Comparison of Total Transport Systems's Interest Coverage

For the Integrated Freight & Logistics subindustry, Total Transport Systems'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.

Total Transport Systems's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Total Transport Systems's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Total Transport Systems's Interest Coverage falls into.

Total Transport Systems 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.

Total Transport Systems'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, Total Transport Systems's Interest Expense was ₹-30 Mil. Its Operating Income was ₹143 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	143.066	/	-30.4
	=	4.71

Total Transport Systems's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Total Transport Systems's Interest Expense was ₹-7 Mil. Its Operating Income was ₹2 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹17 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	2.216	/	-7.124
	=	0.31

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

Total Transport Systems (NSE:TOTAL) 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 .

Total Transport Systems Interest Coverage Related Terms

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

Total Transport Systems (NSE:TOTAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Total Transport Systems Ltd (NSE:TOTAL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

T Square Building, Saki Vihar Road, 7th Floor, Chandivali Junction, Andheri (East), Opposite Chandivali Petrol Pump, Mumbai, MH, IND, 400072

Website

http://www.ttspl.in

Total Transport Systems Ltd is engaged in the logistics business. The company is engaged in the business of consolidation/deconsolidation of cargo, freight forwarding, logistics, warehousing, and transportation. The company provides various services such as CFS Operations, LCL Services, Project Cargo Movement, Air services, Specialised services, and others. Its segments include Multimodal transport operations and Last mile delivery operations of which key revenue is generated from the Multimodal transport operations segment involving non-vessel owing common carrier operations related to less than container load consolidation and full container load forwarding activities in India and across the globe.

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