National Tyre Services (XZIM:NTS.ZW) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

National Tyre Services Interest Coverage Chart

National Tyre Services Annual Data
	Trend	Mar09	Mar11	Mar12	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Mar24
Interest Coverage		Get a 7-Day Free Trial					-	1.13	2.63	0.57	-

National Tyre Services Semi-Annual Data
	Mar09	Mar11	Mar12	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Mar24
Interest Coverage	Get a 7-Day Free Trial					-	1.13	2.63	0.57	-

Competitive Comparison of National Tyre Services's Interest Coverage

For the Auto Parts subindustry, National Tyre 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.

National Tyre Services's Interest Coverage Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where National Tyre Services's Interest Coverage falls into.

National Tyre 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

National Tyre 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, National Tyre Services's Interest Expense was ZWL-13,350 Mil. Its Operating Income was ZWL-25,926 Mil. And its Long-Term Debt & Capital Lease Obligation was ZWL13,633 Mil.

National Tyre Services's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, National Tyre Services's Interest Expense was ZWL-13,350 Mil. Its Operating Income was ZWL-25,926 Mil. And its Long-Term Debt & Capital Lease Obligation was ZWL13,633 Mil.

* 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.

National Tyre Services  (XZIM:NTS.ZW) 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 .

National Tyre Services Interest Coverage Related Terms

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National Tyre Services Business Description