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Sun TV Network (BOM:532733) Interest Coverage

: 241.39 (As of Dec. 2022)
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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. Sun TV Network's Operating Income for the three months ended in Dec. 2022 was ₹4,707 Mil. Sun TV Network's Interest Expense for the three months ended in Dec. 2022 was ₹-20 Mil. Sun TV Network's interest coverage for the quarter that ended in Dec. 2022 was 241.39. 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. Sun TV Network Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

BOM:532733' s Interest Coverage Range Over the Past 10 Years
Min: 62.32   Med: 487.51   Max: 1462.47
Current: 181.45


BOM:532733's Interest Coverage is ranked better than
79.94% of 628 companies
in the Media - Diversified industry
Industry Median: 18.11 vs BOM:532733: 181.45

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


Sun TV Network Interest Coverage Historical Data

The historical data trend for Sun TV Network'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.

* Premium members only.

Sun TV Network Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,462.47 1,175.29 127.00 65.21 62.32

Sun TV Network Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 292.78 130.30 232.68 177.30 241.39

Competitive Comparison

For the Broadcasting subindustry, Sun TV Network'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.

   

Sun TV Network Interest Coverage Distribution

For the Media - Diversified industry and Communication Services sector, Sun TV Network's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sun TV Network's Interest Coverage falls in comparison to its industry or sector. The grey bar indicates the Interest Coverage's extreme value range as defined by GuruFocus.



Sun TV Network 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.


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

Sun TV Network's Interest Coverage for the fiscal year that ended in Mar. 2022 is calculated as

Here, for the fiscal year that ended in Mar. 2022, Sun TV Network's Interest Expense was ₹-333 Mil. Its Operating Income was ₹20,722 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹636 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2022 )/Interest Expense (A: Mar. 2022 )
=-1*20722.1/-332.5
=62.32

Sun TV Network's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the three months ended in Dec. 2022, Sun TV Network's Interest Expense was ₹-20 Mil. Its Operating Income was ₹4,707 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2022 )/Interest Expense (Q: Dec. 2022 )
=-1*4707.1/-19.5
=241.39

* 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.


Sun TV Network  (BOM:532733) 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 .


Sun TV Network Interest Coverage Related Terms

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


Sun TV Network (BOM:532733) Business Description

Sun TV Network logo
Traded in Other Exchanges
Address
73, MRC Nagar Main Road, Murasoli Maran Towers, MRC Nagar, Chennai, TN, IND, 600028
Sun TV Network Ltd is a media and entertainment company. The group owns and operates a series of television networks across four languages in the news, music, action, life, movies, kids, and comedy genres. It also airs FM stations in several Indian languages. Its business activities are reported under a single segment being Broadcasting. The company generates revenues from advertising, broadcasting fees, International subscriptions, other subscriptions, movie distribution, and content trading. Geographically, the group is focused on the Indian market with few operations outside India.

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