GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Winny Immigration and Education Services Ltd (NSE:WINNY) » Definitions » Interest Coverage

Winny Immigration and Education Services (NSE:WINNY) Interest Coverage : 3.83 (As of Mar. 2024)


View and export this data going back to 2024. Start your Free Trial

What is Winny Immigration and Education Services 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. Winny Immigration and Education Services's Operating Income for the six months ended in Mar. 2024 was ₹5.1 Mil. Winny Immigration and Education Services's Interest Expense for the six months ended in Mar. 2024 was ₹-1.3 Mil. Winny Immigration and Education Services's interest coverage for the quarter that ended in Mar. 2024 was 3.83. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Winny Immigration and Education Services's Interest Coverage or its related term are showing as below:

NSE:WINNY' s Interest Coverage Range Over the Past 10 Years
Min: 3.83   Med: 12.34   Max: 14.97
Current: 3.83


NSE:WINNY's Interest Coverage is ranked worse than
73.47% of 803 companies
in the Business Services industry
Industry Median: 13.32 vs NSE:WINNY: 3.83

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


Winny Immigration and Education Services Interest Coverage Historical Data

The historical data trend for Winny Immigration and Education Services'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.

* Premium members only.

Winny Immigration and Education Services Interest Coverage Chart

Winny Immigration and Education Services Annual Data
Trend Mar22 Mar23 Mar24
Interest Coverage
14.97 12.34 3.83

Winny Immigration and Education Services Semi-Annual Data
Mar22 Mar23 Mar24
Interest Coverage 14.97 12.34 3.83

Competitive Comparison of Winny Immigration and Education Services's Interest Coverage

For the Consulting Services subindustry, Winny Immigration and Education Services'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.


Winny Immigration and Education Services's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Winny Immigration and Education Services's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Winny Immigration and Education Services's Interest Coverage falls into.


;
;

Winny Immigration and Education Services 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.

Winny Immigration and Education Services'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, Winny Immigration and Education Services's Interest Expense was ₹-1.3 Mil. Its Operating Income was ₹5.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹2.7 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*5.086/-1.328
=3.83

Winny Immigration and Education Services's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, Winny Immigration and Education Services's Interest Expense was ₹-1.3 Mil. Its Operating Income was ₹5.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹2.7 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*5.086/-1.328
=3.83

* 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.

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


Winny Immigration and Education Services  (NSE:WINNY) 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 .


Winny Immigration and Education Services Interest Coverage Related Terms

Thank you for viewing the detailed overview of Winny Immigration and Education Services's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Winny Immigration and Education Services Business Description

Traded in Other Exchanges
N/A
Address
C.G. Road, 103, 104, 1st Floor, ATP Arcade, Near National Handloom House, Above Mr Bean's Coffee Shop, Law Garden, Ahmedabad, GJ, IND, 380006
Winny Immigration and Education Services Ltd is mainly engaged in the business of providing services relating to immigration, visa, coaching, etc. The services offered by the company include training for visa interviews, travel assistance, preparation of visa applications, training in different languages, admissions to foreign universities, settlement and support, and documentation related to visa applications among others.

Winny Immigration and Education Services Headlines

No Headlines