Winsol Engineers (NSE:WINSOL) Interest Coverage : 24.37 (As of Sep. 2024)

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What is Winsol Engineers 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. Winsol Engineers's Operating Income for the six months ended in Sep. 2024 was ₹84.5 Mil. Winsol Engineers's Interest Expense for the six months ended in Sep. 2024 was ₹-3.5 Mil. Winsol Engineers's interest coverage for the quarter that ended in Sep. 2024 was 24.37. The higher the ratio, the stronger the company's financial strength is.

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

NSE:WINSOL' s Interest Coverage Range Over the Past 10 Years
Min: 2.5 Med: 4 Max: 24.37
Current: 24.37

NSE:WINSOL's Interest Coverage is ranked better than
72.08% of 1325 companies
in the Construction industry
Industry Median: 7.24 vs NSE:WINSOL: 24.37

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

Winsol Engineers Interest Coverage Historical Data

The historical data trend for Winsol Engineers'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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Winsol Engineers Interest Coverage Chart

Winsol Engineers Annual Data

Trend

Mar21

Mar22

Mar23

Interest Coverage

2.50

4.00

12.58

Winsol Engineers Semi-Annual Data
	Mar21	Mar22	Mar23	Sep24
Interest Coverage	N/A	N/A	N/A	24.37

Competitive Comparison of Winsol Engineers's Interest Coverage

For the Engineering & Construction subindustry, Winsol Engineers'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.

Winsol Engineers's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Winsol Engineers's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Winsol Engineers's Interest Coverage falls into.

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Winsol Engineers 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.

Winsol Engineers'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, Winsol Engineers's Interest Expense was ₹-6.0 Mil. Its Operating Income was ₹75.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹28.1 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	75.217	/	-5.977
	=	12.58

Winsol Engineers's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Winsol Engineers's Interest Expense was ₹-3.5 Mil. Its Operating Income was ₹84.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹12.8 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	84.537	/	-3.469
	=	24.37

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

Winsol Engineers (NSE:WINSOL) 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 .

Winsol Engineers Interest Coverage Related Terms

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

Winsol Engineers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Winsol Engineers Ltd (NSE:WINSOL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shop No. 301, Madhav Commercial Complex, Near Crystal Mall, Khodiyar Colony, Jamnagar, GJ, IND, 361006

Website

https://www.winsol.info

Winsol Engineers Ltd is an integrated engineering, procurement, construction and commissioning company providing Balance of Plant (BoP) Solutions for both Wind and Solar power generation companies. Its services for BoP Solutions includes Foundation work, Substation Civil and Electrical work, Right of Way services, Cabling to substation and Grid, and Miscellaneous work.

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