GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chaman Lal Setia Exports Ltd (BOM:530307) » Definitions » Interest Coverage

Chaman Lal Setia Exports (BOM:530307) Interest Coverage : 8.25 (As of Mar. 2024)


View and export this data going back to 2001. Start your Free Trial

What is Chaman Lal Setia Exports 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. Chaman Lal Setia Exports's Operating Income for the three months ended in Mar. 2024 was ₹332 Mil. Chaman Lal Setia Exports's Interest Expense for the three months ended in Mar. 2024 was ₹-40 Mil. Chaman Lal Setia Exports's interest coverage for the quarter that ended in Mar. 2024 was 8.25. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Chaman Lal Setia Exports's Interest Coverage or its related term are showing as below:

BOM:530307' s Interest Coverage Range Over the Past 10 Years
Min: 6.39   Med: 15.51   Max: 23.75
Current: 15.69


BOM:530307's Interest Coverage is ranked better than
62.41% of 1378 companies
in the Consumer Packaged Goods industry
Industry Median: 8.65 vs BOM:530307: 15.69

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


Chaman Lal Setia Exports Interest Coverage Historical Data

The historical data trend for Chaman Lal Setia Exports'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.

Chaman Lal Setia Exports Interest Coverage Chart

Chaman Lal Setia Exports 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 13.01 20.28 15.33 21.01 15.69

Chaman Lal Setia Exports 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 16.65 20.79 23.02 19.59 8.25

Competitive Comparison of Chaman Lal Setia Exports's Interest Coverage

For the Packaged Foods subindustry, Chaman Lal Setia Exports'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.


Chaman Lal Setia Exports's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Chaman Lal Setia Exports's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Chaman Lal Setia Exports's Interest Coverage falls into.



Chaman Lal Setia Exports 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.

Chaman Lal Setia Exports'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, Chaman Lal Setia Exports's Interest Expense was ₹-99 Mil. Its Operating Income was ₹1,548 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹562 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*1548.273/-98.657
=15.69

Chaman Lal Setia Exports's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Chaman Lal Setia Exports's Interest Expense was ₹-40 Mil. Its Operating Income was ₹332 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹562 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*332.406/-40.284
=8.25

* 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.


Chaman Lal Setia Exports  (BOM:530307) 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 .


Chaman Lal Setia Exports Interest Coverage Related Terms

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


Chaman Lal Setia Exports (BOM:530307) Business Description

Traded in Other Exchanges
Address
No. 472, Udyog Vihar, Phase-III, Gurgaon, HR, IND, 122001
Chaman Lal Setia Exports Ltd manages rice mills in India. It produces raw basmati rice and par boiled basmati rice. The company's diverse product line covers products, such as Sella Rice, Bhatti Sella, Rice for Diabetic peoples, Smoked rice, and Pesticide Residue free rice. It has only one reportable segment that is Manufacturing, trading and marketing of the rice. Its basmati product range includes Mithas Basmati Rice, Begum Basmati Rice and Nezzah Indian Basmati Rice.

Chaman Lal Setia Exports (BOM:530307) Headlines

No Headlines