Samor Reality (BOM:543376) Interest Coverage

: 0.76 (As of Sep. 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. Samor Reality's Operating Income for the six months ended in Sep. 2023 was ₹4.26 Mil. Samor Reality's Interest Expense for the six months ended in Sep. 2023 was ₹-5.63 Mil. Samor Reality's interest coverage for the quarter that ended in Sep. 2023 was 0.76. The higher the ratio, the stronger the company's financial strength is.

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

BOM:543376' s Interest Coverage Range Over the Past 10 Years
Min: 0.85 Med: 164.57 Max: 967.5
Current: 0.85

BOM:543376's Interest Coverage is ranked worse than
88.3% of 1350 companies
in the Real Estate industry
Industry Median: 4 vs BOM:543376: 0.85

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

Samor Reality Interest Coverage Historical Data

The historical data trend for Samor Reality'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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Samor Reality Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

967.50

N/A

164.57

1.25

Samor Reality Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Interest Coverage			N/A	No Debt	88.05	0.95	0.76

Competitive Comparison

For the Real Estate - Development subindustry, Samor Reality'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.

Samor Reality Interest Coverage Distribution

For the Real Estate industry and Real Estate sector, Samor Reality's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Samor Reality's Interest Coverage falls into.

Samor Reality 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.

Samor Reality'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, Samor Reality's Interest Expense was ₹-5.61 Mil. Its Operating Income was ₹6.99 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹62.01 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	6.992	/	-5.611
	=	1.25

Samor Reality's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Samor Reality's Interest Expense was ₹-5.63 Mil. Its Operating Income was ₹4.26 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹101.88 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	4.26	/	-5.634
	=	0.76

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

Samor Reality (BOM:543376) 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 .

Samor Reality Interest Coverage Related Terms

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

Samor Reality (BOM:543376) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Samor Reality Ltd (BOM:543376) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Prahladnagar Road, FO F.401, Shop Atlantis, Near Reliance Pump, Anandnagar, Satellite, Ahmedabad, GJ, IND, 380015

Website

https://www.samor.in

Samor Reality Ltd is engaged in the business of contractor, builder, developer, organizer, and supervisor of all types of real estate constructions and also buying and selling of constructed houses, complexes, shopping offices, holiday resorts, etc. The company is registered to carry on the business of builders, and developers, buying and selling of real estate units, and trading of materials used in the business of real estate construction. The company operates only in India.

Samor Reality (BOM:543376) Headlines

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