Vinsys IT Services India (NSE:VINSYS) Interest Coverage : 20.91 (As of Mar. 2024)

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What is Vinsys IT Services India 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. Vinsys IT Services India's Operating Income for the six months ended in Mar. 2024 was ₹176 Mil. Vinsys IT Services India's Interest Expense for the six months ended in Mar. 2024 was ₹-8 Mil. Vinsys IT Services India's interest coverage for the quarter that ended in Mar. 2024 was 20.91. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Vinsys IT Services India's Interest Coverage or its related term are showing as below:

NSE:VINSYS' s Interest Coverage Range Over the Past 10 Years
Min: 1.45 Med: 6.33 Max: 12.27
Current: 12.27

NSE:VINSYS's Interest Coverage is ranked worse than
56.25% of 192 companies
in the Education industry
Industry Median: 16.92 vs NSE:VINSYS: 12.27

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

Vinsys IT Services India Interest Coverage Historical Data

The historical data trend for Vinsys IT Services India'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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Vinsys IT Services India Interest Coverage Chart

Vinsys IT Services India Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Interest Coverage

1.45

2.05

10.60

12.27

Vinsys IT Services India Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Coverage	Get a 7-Day Free Trial			N/A	4.65	17.50	6.66	20.91

Competitive Comparison of Vinsys IT Services India's Interest Coverage

For the Education & Training Services subindustry, Vinsys IT Services India'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.

Vinsys IT Services India's Interest Coverage Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Vinsys IT Services India's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Vinsys IT Services India's Interest Coverage falls into.

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Vinsys IT Services India 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.

Vinsys IT Services India'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, Vinsys IT Services India's Interest Expense was ₹-21 Mil. Its Operating Income was ₹262 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹157 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	262.236	/	-21.375
	=	12.27

Vinsys IT Services India's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, Vinsys IT Services India's Interest Expense was ₹-8 Mil. Its Operating Income was ₹176 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹157 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	175.832	/	-8.408
	=	20.91

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

Vinsys IT Services India (NSE:VINSYS) 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 .

Vinsys IT Services India Interest Coverage Related Terms

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Vinsys IT Services India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Vinsys IT Services India Ltd (NSE:VINSYS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

S. No. 28/11- 12, Shivaji Niketan, C.T.S. No. 458A, Tejas Housing Society, Near Mantri Park Behind Kothrud Bus Stand, Kothrud, Pune, MH, IND, 411038

Website

https://www.vinsys.com

Vinsys IT Services India Ltd is engaged in the IT business. The core competencies of the company include Training and Certifications, Digital Learning, IT Services, Business Academy, and technology training. The company is dedicated to becoming an accredited training service provider to meet the growing demand for training and workforce development. The company specializes in corporate training and consulting across a broad range of domains. The company caters to professionals across all industries and domains and offers assistance to organizations in formulating their learning and development strategies.

Vinsys IT Services India Headlines

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