Saint-Gobain Sekurit India (BOM:515043) Interest Coverage : 62.86 (As of Dec. 2023)

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What is Saint-Gobain Sekurit India 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. Saint-Gobain Sekurit India's Operating Income for the three months ended in Dec. 2023 was ₹86 Mil. Saint-Gobain Sekurit India's Interest Expense for the three months ended in Dec. 2023 was ₹-1 Mil. Saint-Gobain Sekurit India's interest coverage for the quarter that ended in Dec. 2023 was 62.86. 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. Saint-Gobain Sekurit India Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Saint-Gobain Sekurit India's Interest Coverage or its related term are showing as below:

BOM:515043' s Interest Coverage Range Over the Past 10 Years
Min: 10.6 Med: 129.59 Max: 429.01
Current: 105.1

BOM:515043's Interest Coverage is ranked better than
89.57% of 1035 companies
in the Vehicles & Parts industry
Industry Median: 7.87 vs BOM:515043: 105.10

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

Saint-Gobain Sekurit India Interest Coverage Historical Data

The historical data trend for Saint-Gobain Sekurit India'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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Saint-Gobain Sekurit India Interest Coverage Chart

Saint-Gobain Sekurit India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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303.74

143.22

115.95

77.71

112.45

Saint-Gobain Sekurit India Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															82.58	64.46	-	76.94	62.86

Competitive Comparison of Saint-Gobain Sekurit India's Interest Coverage

For the Auto Parts subindustry, Saint-Gobain Sekurit India'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.

Saint-Gobain Sekurit India's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Saint-Gobain Sekurit India's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Saint-Gobain Sekurit India's Interest Coverage falls into.

Saint-Gobain Sekurit India 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.

Saint-Gobain Sekurit India'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, Saint-Gobain Sekurit India's Interest Expense was ₹-3 Mil. Its Operating Income was ₹319 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹4 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	318.782	/	-2.835
	=	112.45

Saint-Gobain Sekurit India's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Saint-Gobain Sekurit India's Interest Expense was ₹-1 Mil. Its Operating Income was ₹86 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	85.684	/	-1.363
	=	62.86

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

Saint-Gobain Sekurit India (BOM:515043) 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 .

Saint-Gobain Sekurit India Interest Coverage Related Terms

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

Saint-Gobain Sekurit India (BOM:515043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Saint-Gobain Sekurit India Ltd (BOM:515043) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pune-Nashik Road, Plot No. 616 and 617, Chakan, Village Kuruli, Pune, MH, IND, 410 501

Website

https://www.sekuritindia.com

Saint-Gobain Sekurit India Ltd is engaged in the manufacture and sale of automotive glass. The company is in the business of processing glasses to manufacture windshields, door glasses, and backlites. Geographically, it operates only in India. It generates revenue from the sale of Laminated Safety Glass and Tempered Glass. The company offers a range of windshields, tempered glasses and tempered backlites for passenger cars, utility vehicles, commercial vehicles, and three wheelers.

Saint-Gobain Sekurit India (BOM:515043) Headlines

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