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KDDL (BOM:532054) Interest Coverage : 7.00 (As of Mar. 2024)


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What is KDDL 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. KDDL's Operating Income for the three months ended in Mar. 2024 was ₹437 Mil. KDDL's Interest Expense for the three months ended in Mar. 2024 was ₹-63 Mil. KDDL's interest coverage for the quarter that ended in Mar. 2024 was 7.00. The higher the ratio, the stronger the company's financial strength is.

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

BOM:532054' s Interest Coverage Range Over the Past 10 Years
Min: 0.86   Med: 2.49   Max: 6.98
Current: 6.98


BOM:532054's Interest Coverage is ranked worse than
53.81% of 762 companies
in the Retail - Cyclical industry
Industry Median: 7.85 vs BOM:532054: 6.98

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


KDDL Interest Coverage Historical Data

The historical data trend for KDDL'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.

KDDL Interest Coverage Chart

KDDL 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 1.26 0.86 2.88 4.66 6.98

KDDL 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 4.56 6.59 6.66 7.69 7.00

Competitive Comparison of KDDL's Interest Coverage

For the Luxury Goods subindustry, KDDL'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.


KDDL's Interest Coverage Distribution in the Retail - Cyclical Industry

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

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



KDDL 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.

KDDL'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, KDDL's Interest Expense was ₹-262 Mil. Its Operating Income was ₹1,830 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1,607 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*1829.8/-262.2
=6.98

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

Here, for the three months ended in Mar. 2024, KDDL's Interest Expense was ₹-63 Mil. Its Operating Income was ₹437 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1,607 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*437.4/-62.5
=7.00

* 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.


KDDL  (BOM:532054) 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 .


KDDL Interest Coverage Related Terms

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


KDDL (BOM:532054) Business Description

Traded in Other Exchanges
Address
Sector 8-C, Kamla Centre, S.C.O. 88-89, Chandigarh, PB, IND, 160 009
KDDL Ltd operates is engaged principally in the manufacturing of watch components. The company is also engaged in manufacturing high-quality precision stamped components and progressive tools for various applications. Some of its products include Story Drop Collection; Retro Diver Collection; Spot Racing Collection; Aviation Inspired Design; Lacquer Polish Dial with Chaton and others. The segments of the company are Precision and watch components; and Others. A majority of revenue is derived from the Precision and watch components segment. It generates revenue from India and Outside India.

KDDL (BOM:532054) Headlines

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