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Marble City India (BOM:531281) Interest Coverage

: 0 (At Loss) (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. Marble City India's Operating Income for the three months ended in Dec. 2023 was ₹-19.0 Mil. Marble City India's Interest Expense for the three months ended in Dec. 2023 was ₹-22.3 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Marble City India Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

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

BOM:531281' s Interest Coverage Range Over the Past 10 Years
Min: 0.53   Med: 1.32   Max: 1.63
Current: 0.53


BOM:531281's Interest Coverage is ranked worse than
96.36% of 1265 companies
in the Construction industry
Industry Median: 7.34 vs BOM:531281: 0.53

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


Marble City India Interest Coverage Historical Data

The historical data trend for Marble City 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.

* Premium members only.

Marble City India Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.37 1.21 1.02 1.21 1.21

Marble City India Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.20 1.31 1.15 1.00 -

Competitive Comparison

For the Building Products & Equipment subindustry, Marble City 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.


Marble City India Interest Coverage Distribution

For the Construction industry and Industrials sector, Marble City India's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Marble City India's Interest Coverage falls into.



Marble City 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.

Marble City 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, Marble City India's Interest Expense was ₹-55.3 Mil. Its Operating Income was ₹67.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹388.4 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2023 )/Interest Expense (A: Mar. 2023 )
=-1*67.094/-55.347
=1.21

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

Here, for the three months ended in Dec. 2023, Marble City India's Interest Expense was ₹-22.3 Mil. Its Operating Income was ₹-19.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Marble City India did not have earnings to cover the interest expense.

* 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.


Marble City India  (BOM:531281) 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 .


Marble City India Interest Coverage Related Terms

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


Marble City India (BOM:531281) Business Description

Traded in Other Exchanges
N/A
Address
Kailash Colony, A -30, S-11, Second Floor, New Delhi, IND, 110048
Marble City India Ltd is an India-based company mainly engaged in the business activity of manufacturing and trading of marbles and slabs. It is involved in cutting, finishing, and trading imported marbles. The group majorly markets its products in India. The company supplies its products for projects such as hotels, shopping malls, premium residential complexes, clubs, motels, factories, corporate headquarters, offices, and others.

Marble City India (BOM:531281) Headlines

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