Ion Exchange (India) (BOM:500214) Interest Coverage : 129.03 (As of Mar. 2023)

View and export this data going back to 1992. Start your Free Trial

What is Ion Exchange (India) 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. Ion Exchange (India)'s Operating Income for the six months ended in Mar. 2023 was ₹1,072 Mil. Ion Exchange (India)'s Interest Expense for the six months ended in Mar. 2023 was ₹-8 Mil. Ion Exchange (India)'s interest coverage for the quarter that ended in Mar. 2023 was 129.03. 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. Ion Exchange (India) Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Ion Exchange (India)'s Interest Coverage or its related term are showing as below:

BOM:500214' s Interest Coverage Range Over the Past 10 Years
Min: 1.88 Med: 5.08 Max: 129.03
Current: 129.03

BOM:500214's Interest Coverage is ranked better than
83.22% of 2300 companies
in the Industrial Products industry
Industry Median: 13.505 vs BOM:500214: 129.03

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

Ion Exchange (India) Interest Coverage Historical Data

The historical data trend for Ion Exchange (India)'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.

Ion Exchange (India) Interest Coverage Chart

Ion Exchange (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

Get a 7-Day Free Trial

5.92

8.19

16.95

21.86

30.32

Ion Exchange (India) Semi-Annual Data
	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Interest Coverage	Get a 7-Day Free Trial									24.25	16.40	79.70	76.85	129.03

Competitive Comparison of Ion Exchange (India)'s Interest Coverage

For the Pollution & Treatment Controls subindustry, Ion Exchange (India)'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.

Ion Exchange (India)'s Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ion Exchange (India)'s Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ion Exchange (India)'s Interest Coverage falls into.

Ion Exchange (India) 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.

Ion Exchange (India)'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, Ion Exchange (India)'s Interest Expense was ₹-77 Mil. Its Operating Income was ₹2,341 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹191 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	2340.782	/	-77.207
	=	30.32

Ion Exchange (India)'s Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Here, for the six months ended in Mar. 2023, Ion Exchange (India)'s Interest Expense was ₹-8 Mil. Its Operating Income was ₹1,072 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹191 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	1071.882	/	-8.307
	=	129.03

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

Ion Exchange (India) (BOM:500214) 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 .

Ion Exchange (India) Interest Coverage Related Terms

Thank you for viewing the detailed overview of Ion Exchange (India)'s Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Ion Exchange (India) (BOM:500214) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ion Exchange (India) Ltd (BOM:500214) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

IONEXCHANG:India

Address

Dr. E. Moses Road, Ion House, Mahalaxmi, Mumbai, MH, IND, 400011

Website

https://www.ionindia.com

Ion Exchange (India) Ltd is a water solution provider. The principal activities of the company consist of the construction and maintenance of water treatment plants, wastewater treatment, manufacturing resins, specialty chemicals for water, recycling, zero liquid discharge, sewage treatment, packaged drinking water, sea water desalination, etc. The company operates its business through the Engineering division, which is a key revenue driver that comprises water treatment plants, spares, and services in connection with the plants; the Chemicals segment consists of resins, water treatment chemicals, sugar chemicals, and paper chemicals; and the Consumer Products segment comprises domestic water purifiers. The company caters to both domestic and international markets.

Ion Exchange (India) (BOM:500214) Headlines

No Headlines