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Yudiz Solutions (NSE:YUDIZ) Interest Coverage : 52.09 (As of Mar. 2023)


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What is Yudiz Solutions 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. Yudiz Solutions's Operating Income for the six months ended in Mar. 2023 was ₹47.7 Mil. Yudiz Solutions's Interest Expense for the six months ended in Mar. 2023 was ₹-0.9 Mil. Yudiz Solutions's interest coverage for the quarter that ended in Mar. 2023 was 52.09. The higher the ratio, the stronger the company's financial strength is.

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

NSE:YUDIZ' s Interest Coverage Range Over the Past 10 Years
Min: 3.54   Med: 16.89   Max: 24.4
Current: 24.4


NSE:YUDIZ's Interest Coverage is ranked worse than
52.04% of 1618 companies
in the Software industry
Industry Median: 27.82 vs NSE:YUDIZ: 24.40

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


Yudiz Solutions Interest Coverage Historical Data

The historical data trend for Yudiz Solutions'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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Yudiz Solutions Interest Coverage Chart

Yudiz Solutions Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
3.54 18.74 15.04 24.40 -

Yudiz Solutions Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Mar24
Interest Coverage Get a 7-Day Free Trial No Debt No Debt - 52.09 N/A

Competitive Comparison of Yudiz Solutions's Interest Coverage

For the Information Technology Services subindustry, Yudiz Solutions'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.


Yudiz Solutions's Interest Coverage Distribution in the Software Industry

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

* The bar in red indicates where Yudiz Solutions's Interest Coverage falls into.



Yudiz Solutions 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.

Yudiz Solutions'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, Yudiz Solutions's Interest Expense was ₹-2.2 Mil. Its Operating Income was ₹-47.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹2.1 Mil.

Yudiz Solutions did not have earnings to cover the interest expense.

Yudiz Solutions's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Here, for the six months ended in Mar. 2023, Yudiz Solutions's Interest Expense was ₹-0.9 Mil. Its Operating Income was ₹47.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹8.3 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2023 )/Interest Expense (Q: Mar. 2023 )
=-1*47.664/-0.915
=52.09

* 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.


Yudiz Solutions  (NSE:YUDIZ) 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 .


Yudiz Solutions Interest Coverage Related Terms

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


Yudiz Solutions Business Description

Traded in Other Exchanges
N/A
Address
Iscon-Ambli Road, 13th Floor, B square 2, Ahmedabad, GJ, IND, 380054
Yudiz Solutions Ltd is engaged in the business of providing IT solutions and consultancy focused on providing scalable and secure solutions to shape a business idea by implementing the latest and cutting-edge technologies. It offers web, mobile, game and blockchain solutions for business. The company has consistently delivered a competitive edge in the form of robust, fore-sighted, and qualitative solutions.

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