Sun TV Network (NSE:SUNTV) Interest Coverage

: 256.22 (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. Sun TV Network's Operating Income for the three months ended in Dec. 2023 was ₹4,740 Mil. Sun TV Network's Interest Expense for the three months ended in Dec. 2023 was ₹-19 Mil. Sun TV Network's interest coverage for the quarter that ended in Dec. 2023 was 256.22. 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:

NSE:SUNTV' s Interest Coverage Range Over the Past 10 Years
Min: 62.32 Med: 487.95 Max: 1462.47
Current: 231.55

NSE:SUNTV's Interest Coverage is ranked better than
84.29% of 611 companies
in the Media - Diversified industry
Industry Median: 11.94 vs NSE:SUNTV: 231.55

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.

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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Sun TV Network Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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1,175.29

127.00

65.21

62.32

203.47

Sun TV Network 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															241.39	173.17	224.73	303.02	256.22

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 into.

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 ⁽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.

Sun TV Network'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, Sun TV Network's Interest Expense was ₹-94 Mil. Its Operating Income was ₹19,167 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹332 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	19166.5	/	-94.2
	=	203.47

Sun TV Network's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Sun TV Network's Interest Expense was ₹-19 Mil. Its Operating Income was ₹4,740 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	*	4740	/	-18.5
	=	256.22

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

Sun TV Network (NSE:SUNTV) 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 (NSE:SUNTV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sun TV Network Ltd (NSE:SUNTV) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

532733:India

Address

73, MRC Nagar Main Road, Murasoli Maran Towers, MRC Nagar, Chennai, TN, IND, 600028

Website

https://www.suntv.in

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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