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SIL Investments (BOM:521194) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is SIL Investments 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. SIL Investments's Operating Income for the three months ended in Mar. 2024 was ₹17.2 Mil. SIL Investments's Interest Expense for the three months ended in Mar. 2024 was ₹0.2 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

SIL Investments Ltd has no debt.

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

BOM:521194' s Interest Coverage Range Over the Past 10 Years
Min: 1.33   Med: 124.42   Max: 29774.82
Current: 87.55


BOM:521194's Interest Coverage is ranked better than
55.73% of 454 companies
in the Asset Management industry
Industry Median: 41.32 vs BOM:521194: 87.55

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


SIL Investments Interest Coverage Historical Data

The historical data trend for SIL Investments'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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SIL Investments Interest Coverage Chart

SIL Investments Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 987.89 179.15 35.65 9.59 87.55

SIL Investments Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.48 3.21 No Debt 563.67 -

Competitive Comparison of SIL Investments's Interest Coverage

For the Asset Management subindustry, SIL Investments'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.


SIL Investments's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, SIL Investments's Interest Coverage distribution charts can be found below:

* The bar in red indicates where SIL Investments's Interest Coverage falls into.



SIL Investments 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.

SIL Investments's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, SIL Investments's Interest Expense was ₹-4.4 Mil. Its Operating Income was ₹385.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*385.2/-4.4
=87.55

SIL Investments's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, SIL Investments's Interest Expense was ₹0.2 Mil. Its Operating Income was ₹17.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

* 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.

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


SIL Investments  (BOM:521194) 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 .


SIL Investments Interest Coverage Related Terms

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


SIL Investments (BOM:521194) Business Description

Traded in Other Exchanges
Address
Pachpahar Road, Bhawanimandi, RJ, IND, 326502
SIL Investments Ltd operates its business as an investment company. It is engaged in the operation of investment and lending activities. It invests in financially sound companies and has immovable properties in the State of Maharashtra, Uttar Pradesh, and other regions. Further, it holds the investment in shares and securities too. The business activity of the Group falls within one business segment being, Investment and Lending Activities.

SIL Investments (BOM:521194) Headlines

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