Yuvraaj Hygiene Products (BOM:531663) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Yuvraaj Hygiene Products 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. Yuvraaj Hygiene Products's Operating Income for the three months ended in Dec. 2023 was ₹-0.7 Mil. Yuvraaj Hygiene Products's Interest Expense for the three months ended in Dec. 2023 was ₹0.0 Mil. Yuvraaj Hygiene Products has no debt. 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. Yuvraaj Hygiene Products Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

(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 Yuvraaj Hygiene Products's Interest Coverage or its related term are showing as below:

BOM:531663' s Interest Coverage Range Over the Past 10 Years
Min: 0.15 Med: 0.83 Max: 1.41
Current: 0.15

BOM:531663's Interest Coverage is ranked worse than
99.27% of 1379 companies
in the Consumer Packaged Goods industry
Industry Median: 8.61 vs BOM:531663: 0.15

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

Yuvraaj Hygiene Products Interest Coverage Historical Data

The historical data trend for Yuvraaj Hygiene Products'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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Yuvraaj Hygiene Products Interest Coverage Chart

Yuvraaj Hygiene Products Annual Data

Trend

Mar14

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Mar23

Interest Coverage

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Yuvraaj Hygiene Products 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															No Debt	0.78	No Debt	-	No Debt

Competitive Comparison of Yuvraaj Hygiene Products's Interest Coverage

For the Household & Personal Products subindustry, Yuvraaj Hygiene Products'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.

Yuvraaj Hygiene Products's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Yuvraaj Hygiene Products's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Yuvraaj Hygiene Products's Interest Coverage falls into.

Yuvraaj Hygiene Products 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.

Yuvraaj Hygiene Products'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, Yuvraaj Hygiene Products's Interest Expense was ₹-8.2 Mil. Its Operating Income was ₹-12.3 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹70.4 Mil.

Yuvraaj Hygiene Products did not have earnings to cover the interest expense.

Yuvraaj Hygiene Products's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Yuvraaj Hygiene Products's Interest Expense was ₹0.0 Mil. Its Operating Income was ₹-0.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Yuvraaj Hygiene Products had no debt ⁽¹⁾.

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

Yuvraaj Hygiene Products (BOM:531663) 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 .

Yuvraaj Hygiene Products Interest Coverage Related Terms

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Yuvraaj Hygiene Products (BOM:531663) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yuvraaj Hygiene Products Ltd (BOM:531663) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. A-650, TTC Industrial Estate, 1st Floor, MIDC, Pawane Village, Mahape, Navi Mumbai, MH, IND, 400705

Website

https://www.hic.in

Yuvraaj Hygiene Products Ltd is an India-based company engaged in the business of supplying and distributing hygiene and cleaning products. The company is engaged in the manufacturing and selling of scrub pads, scrubbers, toilet articles like vacuum flasks, and other vacuum vessels. The Company is operating in a single segment namely Dealing in Household Cleaning Products. It is also engaged in the wholesale of household equipment and appliances like photographic products, bicycles, cycle rickshaws, tonga, leather goods, travel accessories, and cleaning materials. Geographically it operates within India.

Yuvraaj Hygiene Products (BOM:531663) Headlines

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Yuvraaj Hygiene Products (BOM:531663) Interest Coverage : No Debt (1) (As of Dec. 2023)