RO Jewels (BOM:543171) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is RO Jewels 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. RO Jewels's Operating Income for the three months ended in Dec. 2023 was ₹-6 Mil. RO Jewels's Interest Expense for the three months ended in Dec. 2023 was ₹-0 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for RO Jewels's Interest Coverage or its related term are showing as below:

BOM:543171' s Interest Coverage Range Over the Past 10 Years
Min: 1.5 Med: 73.13 Max: 267
Current: 14.2

BOM:543171's Interest Coverage is ranked better than
63.23% of 756 companies
in the Retail - Cyclical industry
Industry Median: 7.87 vs BOM:543171: 14.20

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

RO Jewels Interest Coverage Historical Data

The historical data trend for RO Jewels'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.

RO Jewels Interest Coverage Chart

RO Jewels Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

Get a 7-Day Free Trial

150.00

267.00

15.65

130.61

RO Jewels Quarterly Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial												61.35	186.78	10.07	19.21	-

Competitive Comparison of RO Jewels's Interest Coverage

For the Luxury Goods subindustry, RO Jewels'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.

RO Jewels's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, RO Jewels's Interest Coverage distribution charts can be found below:

* The bar in red indicates where RO Jewels's Interest Coverage falls into.

RO Jewels 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.

RO Jewels'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, RO Jewels's Interest Expense was ₹-0 Mil. Its Operating Income was ₹20 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	19.852	/	-0.152
	=	130.61

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

Here, for the three months ended in Dec. 2023, RO Jewels's Interest Expense was ₹-0 Mil. Its Operating Income was ₹-6 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

RO Jewels did not have earnings to cover the interest expense.

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

RO Jewels (BOM:543171) 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 .

RO Jewels Interest Coverage Related Terms

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

RO Jewels (BOM:543171) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » RO Jewels Ltd (BOM:543171) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Ground Floor, Hallmark4 Complex, Hari bhakti ni Pole Opp. B.D. College, Shankdi Sheri, Manekchowk, Ahmedabad, GJ, IND, 380001

Website

http://rojewels.co.in

RO Jewels Ltd is engaged in the wholesale business of precious metals and jewelry. It sells gold based chains, bracelets, gold/silver bars, and necklaces. It purchases readymade chains and other jewelry from manufacturers or independent jewelry wholesalers located in Ahmedabad and Mumbai. These are then sold through its showroom situated at Manek Chowk, Ahmedabad, and by the company's marketing and sales team directly to other jewelry stores. Its jewelry is widely sold throughout Gujarat only through B2B marketing and/ or Direct/Outbound marketing strategy.

RO Jewels (BOM:543171) Headlines

No Headlines