Phyto Chem (India) (BOM:524808) Interest Coverage : 1.53 (As of Dec. 2023)

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What is Phyto Chem (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. Phyto Chem (India)'s Operating Income for the three months ended in Dec. 2023 was ₹6.7 Mil. Phyto Chem (India)'s Interest Expense for the three months ended in Dec. 2023 was ₹-4.4 Mil. Phyto Chem (India)'s interest coverage for the quarter that ended in Dec. 2023 was 1.53. 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. Phyto Chem (India) Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

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

BOM:524808' s Interest Coverage Range Over the Past 10 Years
Min: 0.26 Med: 1.22 Max: 1.75
Current: 0.26

BOM:524808's Interest Coverage is ranked worse than
98.87% of 177 companies
in the Agriculture industry
Industry Median: 7.12 vs BOM:524808: 0.26

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

Phyto Chem (India) Interest Coverage Historical Data

The historical data trend for Phyto Chem (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.

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Phyto Chem (India) Interest Coverage Chart

Phyto Chem (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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1.40

1.00

1.01

0.64

1.18

Phyto Chem (India) 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															0.38	1.24	-	0.73	1.53

Competitive Comparison of Phyto Chem (India)'s Interest Coverage

For the Agricultural Inputs subindustry, Phyto Chem (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.

Phyto Chem (India)'s Interest Coverage Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Phyto Chem (India)'s Interest Coverage distribution charts can be found below:

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

Phyto Chem (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.

Phyto Chem (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, Phyto Chem (India)'s Interest Expense was ₹-20.9 Mil. Its Operating Income was ₹24.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹28.2 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	24.74	/	-20.907
	=	1.18

Phyto Chem (India)'s Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Phyto Chem (India)'s Interest Expense was ₹-4.4 Mil. Its Operating Income was ₹6.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	6.72	/	-4.398
	=	1.53

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

Phyto Chem (India) (BOM:524808) 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 .

Phyto Chem (India) Interest Coverage Related Terms

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

Phyto Chem (India) (BOM:524808) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Phyto Chem (India) Ltd (BOM:524808) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8-3-229/23, First Floor, Yousufguda Checkpost, Thaherville, Hyderabad, TG, IND, 500045

Website

http://www.phytochemindia.com

Phyto Chem (India) Ltd is mainly engaged in the business of manufacturing and marketing Pesticides for the agriculture sector. The company operates through Pesticides Formulations, Food Division, and Real Estate Activities segments. It mainly focuses on the Pesticides Formulations business which includes manufacturing facilities for various pesticides formulations such as Liquid and SC Formulations, Weedcide Formulations, Wettable and Powder Formulations, and Granule Formulations. The product brands of the company include Phytofos, Phytolux, Winner, Phydon, Idol, Freedom, Phygent, and Others.

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