GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Goldiam International Ltd (BOM:526729) » Definitions » Interest Coverage

Goldiam International (BOM:526729) Interest Coverage : 1,487.11 (As of Dec. 2023)


View and export this data going back to 1995. Start your Free Trial

What is Goldiam International 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. Goldiam International's Operating Income for the three months ended in Dec. 2023 was ₹390 Mil. Goldiam International's Interest Expense for the three months ended in Dec. 2023 was ₹-0 Mil. Goldiam International's interest coverage for the quarter that ended in Dec. 2023 was 1,487.11. 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. Goldiam International Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

BOM:526729' s Interest Coverage Range Over the Past 10 Years
Min: 6.55   Med: 22.72   Max: 989.41
Current: 989.41


BOM:526729's Interest Coverage is ranked better than
94.63% of 763 companies
in the Retail - Cyclical industry
Industry Median: 7.81 vs BOM:526729: 989.41

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


Goldiam International Interest Coverage Historical Data

The historical data trend for Goldiam International'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.

Goldiam International Interest Coverage Chart

Goldiam International Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.99 55.33 269.93 184.16 407.15

Goldiam International 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 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 - 306.88 5,859.11 2,788.22 1,487.11

Competitive Comparison of Goldiam International's Interest Coverage

For the Luxury Goods subindustry, Goldiam International'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.


Goldiam International's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Goldiam International's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Goldiam International's Interest Coverage falls into.



Goldiam International 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.

Goldiam International'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, Goldiam International's Interest Expense was ₹-2 Mil. Its Operating Income was ₹971 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹22 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2023 )/Interest Expense (A: Mar. 2023 )
=-1*971.459/-2.386
=407.15

Goldiam International's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Goldiam International's Interest Expense was ₹-0 Mil. Its Operating Income was ₹390 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*389.623/-0.262
=1,487.11

* 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.


Goldiam International  (BOM:526729) 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 .


Goldiam International Interest Coverage Related Terms

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


Goldiam International (BOM:526729) Business Description

Traded in Other Exchanges
Address
Gems & Jewellery Complex, M.I.D.C, Seepz, Andheri (East), Mumbai, MH, IND, 400096
Goldiam International Ltd is an Indian company operating as a manufacturer of diamond-studded gold, platinum, and silver jewelry. The principal business activities of the company are manufacturing and exporting gold and silver jewelry. It operates in two segments; Jewellery Manufacturing and Investment Activity. Its products include engagement rings, wedding bands, anniversary rings, bridal sets, fashion jewelry earrings and pendants, and fashion jewelry and necklaces and earrings. It generates the majority of its revenue from the Jewellery Manufacturing segment.

Goldiam International (BOM:526729) Headlines

No Headlines