SVUHF (SRIVARU Holding) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

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What is SRIVARU Holding 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. SRIVARU Holding's Operating Income for the six months ended in Mar. 2024 was $-11.40 Mil. SRIVARU Holding's Interest Expense for the six months ended in Mar. 2024 was $-0.06 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

SVUHF's Interest Coverage is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 8.055
* Ranked among companies with meaningful Interest Coverage only.

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

SRIVARU Holding Interest Coverage Historical Data

The historical data trend for SRIVARU Holding'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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SRIVARU Holding Interest Coverage Chart

SRIVARU Holding Annual Data

Trend

Mar22

Mar23

Mar24

Interest Coverage

No Debt

SRIVARU Holding Semi-Annual Data
	Mar22	Mar23	Mar24
Interest Coverage	No Debt	-	-

Competitive Comparison of SRIVARU Holding's Interest Coverage

For the Auto Manufacturers subindustry, SRIVARU Holding'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.

SRIVARU Holding's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, SRIVARU Holding's Interest Coverage distribution charts can be found below:

* The bar in red indicates where SRIVARU Holding's Interest Coverage falls into.

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SRIVARU Holding 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.

SRIVARU Holding'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, SRIVARU Holding's Interest Expense was $-0.06 Mil. Its Operating Income was $-11.40 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

SRIVARU Holding did not have earnings to cover the interest expense.

SRIVARU Holding's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, SRIVARU Holding's Interest Expense was $-0.06 Mil. Its Operating Income was $-11.40 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

SRIVARU Holding did not have earnings to cover the interest expense.

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

SRIVARU Holding (OTCPK:SVUHF) 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 .

SRIVARU Holding Interest Coverage Related Terms

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SRIVARU Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SRIVARU Holding Ltd (OTCPK:SVUHF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

West Bay Road, P.O. Box 10655, 2nd floor, Regatta Office park, Grand Cayman, CYM, KY1-1106

Website

https://www.svmh.ai

SRIVARU Holding Ltd focuses to revolutionize two-wheeled vehicles (TWV) by developing products powered by renewable energy, which are assured for safety, performance, and comfort, thereby providing safe riding experience to its customers. It operates in one reportable segment which is vehicle manufacturing. SVH's first product line, the Prana, is a E2W vehicle that is redefining the category. SVH has commenced engineering and design work for the Prana-Elite that is expected to leverage the same platform as the Prana-Grand, while upgrading its range.