Zee Learn (BOM:533287) Interest Coverage : 1.44 (As of Dec. 2023)

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What is Zee Learn 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. Zee Learn's Operating Income for the three months ended in Dec. 2023 was ₹158 Mil. Zee Learn's Interest Expense for the three months ended in Dec. 2023 was ₹-110 Mil. Zee Learn's interest coverage for the quarter that ended in Dec. 2023 was 1.44. 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. Zee Learn 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 Zee Learn's Interest Coverage or its related term are showing as below:

BOM:533287' s Interest Coverage Range Over the Past 10 Years
Min: 0.35 Med: 1.92 Max: 4.9
Current: 0.44

BOM:533287's Interest Coverage is ranked worse than
97.8% of 182 companies
in the Education industry
Industry Median: 15.35 vs BOM:533287: 0.44

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

Zee Learn Interest Coverage Historical Data

The historical data trend for Zee Learn'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.

Zee Learn Interest Coverage Chart

Zee Learn Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

Get a 7-Day Free Trial

2.93

1.92

0.40

0.35

Zee Learn Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															0.15	-	1.05	-	1.44

Competitive Comparison of Zee Learn's Interest Coverage

For the Education & Training Services subindustry, Zee Learn'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.

Zee Learn's Interest Coverage Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Zee Learn's Interest Coverage distribution charts can be found below:

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

Zee Learn 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.

Zee Learn'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, Zee Learn's Interest Expense was ₹-426 Mil. Its Operating Income was ₹151 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹2,863 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	150.508	/	-426.099
	=	0.35

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

Here, for the three months ended in Dec. 2023, Zee Learn's Interest Expense was ₹-110 Mil. Its Operating Income was ₹158 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	*	158.323	/	-109.863
	=	1.44

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

Zee Learn (BOM:533287) 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 .

Zee Learn Interest Coverage Related Terms

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

Zee Learn (BOM:533287) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Zee Learn Ltd (BOM:533287) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

ZEELEARN:India

Address

135, Dr. Annie Besant Road, Continental Building, Worli, Mumbai, MH, IND, 400 018

Website

https://www.zeelearn.com

Zee Learn Ltd is engaged in the provision of educational services in India. The firm delivers learning solutions and training through its multiple products Kidzee, Mount Litera Zee Schools, Mount Litera World Preschool, Zee Institute of Media Arts (ZIMA), Zee Institute of Creative Arts (ZICA) and E-Learning Online Education and Testing. It operates through the Educational, Construction and Leasing for education and Training Manpower and related activities. The Educational segment provides learning solutions and delivers training. The Construction and Leasing segment consists of constructing and leasing properties for commercial use. The firm generates maximum revenue from its Educational segment.

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