Parshwanath (BOM:511176) Interest Coverage

: No Debt ⁽¹⁾ (As of Dec. 2023)

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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. Parshwanath's Operating Income for the three months ended in Dec. 2023 was ₹0.57 Mil. Parshwanath's Interest Expense for the three months ended in Dec. 2023 was ₹0.00 Mil. Parshwanath has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Parshwanath Corp Ltd has enough cash to cover all of its debt. Its financial situation is stable.

(1) 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.

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

BOM:511176' s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

BOM:511176's Interest Coverage is ranked better than
99.7% of 1347 companies
in the Real Estate industry
Industry Median: 4.01 vs BOM:511176: No Debt

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

Parshwanath Interest Coverage Historical Data

The historical data trend for Parshwanath'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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Parshwanath Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

No Debt

Parshwanath Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison

For the Real Estate - Development subindustry, Parshwanath'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.

Parshwanath Interest Coverage Distribution

For the Real Estate industry and Real Estate sector, Parshwanath's Interest Coverage distribution charts can be found below:

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

Parshwanath 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.

Parshwanath'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, Parshwanath's Interest Expense was ₹0.00 Mil. Its Operating Income was ₹-2.23 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

Parshwanath had no debt ⁽¹⁾.

Parshwanath's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Parshwanath's Interest Expense was ₹0.00 Mil. Its Operating Income was ₹0.57 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

Parshwanath had no debt ⁽¹⁾.

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

Parshwanath (BOM:511176) 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 .

Parshwanath Interest Coverage Related Terms

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

Parshwanath (BOM:511176) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Parshwanath Corp Ltd (BOM:511176) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Near Income Tax Circle, Ashram Road, 50, 3rd Floor, Harsiddha Chambers, Ahmedabad, GJ, IND, 380014

Website

http://www.parshwanath.com

Parshwanath Corp Ltd is a real estate development company engaged in the construction and development of housing projects. It focuses on offering ultra-modern utilitarian homes, integrated townships, and giant infrastructure projects. It holds an interest in residential and commercial project properties. Geographically, operates through the region of India. The company earns revenue from the recovery of interest and principal amount of bad loans.

Parshwanath (BOM:511176) Headlines

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