Netripples Software (BOM:542117) 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. Netripples Software's Operating Income for the three months ended in Dec. 2023 was ₹0.00 Mil. Netripples Software's Interest Expense for the three months ended in Dec. 2023 was ₹0.00 Mil. Netripples Software 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. Netripples Software 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 Netripples Software's Interest Coverage or its related term are showing as below:

BOM:542117' s Interest Coverage Range Over the Past 10 Years
Min: 2.15 Med: 122 Max: No Debt
Current: No Debt

BOM:542117's Interest Coverage is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 9 vs BOM:542117: 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.

Netripples Software Interest Coverage Historical Data

The historical data trend for Netripples Software'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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Netripples Software Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

4.82

No Debt

122.00

Netripples Software Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Interest Coverage																No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison

For the Health Information Services subindustry, Netripples Software'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.

Netripples Software Interest Coverage Distribution

For the Healthcare Providers & Services industry and Healthcare sector, Netripples Software's Interest Coverage distribution charts can be found below:

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

Netripples Software 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.

Netripples Software'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, Netripples Software's Interest Expense was ₹-0.00 Mil. Its Operating Income was ₹0.12 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	0.122	/	-0.001
	=	122.00

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

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

Netripples Software had no debt ⁽¹⁾.

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

Netripples Software (BOM:542117) 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 .

Netripples Software Interest Coverage Related Terms

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

Netripples Software (BOM:542117) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Netripples Software Ltd (BOM:542117) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2-36/2, Street No. 4, Kakateeyanagar, Goodlife Retreat, Habsiguda, Hyderabad, TG, IND, 500007

Website

https://www.netripples.com

Netripples Software Ltd offers to consult in technology and outsourcing and next-generation services with a focus on healthcare and education. The company operates in a Single Segment that is Application Software and services. The company provides ready to use healthcare informatics products, outsourcing on healthcare and education, supply chain software development, consulting on blood bank and blood bank networking, data migration, data storage, data center management and infrastructure services, online and E-commerce Store Setup, establishment, and training and deployments.

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