Jyothy Labs (BOM:532926) Interest Coverage : 88.91 (As of Dec. 2023)

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What is Jyothy Labs 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. Jyothy Labs's Operating Income for the three months ended in Dec. 2023 was ₹1,058 Mil. Jyothy Labs's Interest Expense for the three months ended in Dec. 2023 was ₹-12 Mil. Jyothy Labs's interest coverage for the quarter that ended in Dec. 2023 was 88.91. 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. Jyothy Labs Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

BOM:532926' s Interest Coverage Range Over the Past 10 Years
Min: 2.54 Med: 6.67 Max: 63.66
Current: 63.66

BOM:532926's Interest Coverage is ranked better than
81.3% of 1369 companies
in the Consumer Packaged Goods industry
Industry Median: 8.41 vs BOM:532926: 63.66

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

Jyothy Labs Interest Coverage Historical Data

The historical data trend for Jyothy Labs'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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Jyothy Labs Interest Coverage Chart

Jyothy Labs Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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7.25

6.08

13.69

16.37

20.54

Jyothy Labs 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															22.49	26.55	95.01	105.18	88.91

Competitive Comparison of Jyothy Labs's Interest Coverage

For the Household & Personal Products subindustry, Jyothy Labs'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.

Jyothy Labs's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Jyothy Labs's Interest Coverage distribution charts can be found below:

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

Jyothy Labs 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.

Jyothy Labs'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, Jyothy Labs's Interest Expense was ₹-130 Mil. Its Operating Income was ₹2,675 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹280 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	2675.45	/	-130.269
	=	20.54

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

Here, for the three months ended in Dec. 2023, Jyothy Labs's Interest Expense was ₹-12 Mil. Its Operating Income was ₹1,058 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	*	1058	/	-11.9
	=	88.91

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

Jyothy Labs (BOM:532926) 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 .

Jyothy Labs Interest Coverage Related Terms

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

Jyothy Labs (BOM:532926) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jyothy Labs Ltd (BOM:532926) » Definitions » Interest Coverage

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JYOTHYLAB:India

Address

Ram Krishna Mandir Road, Ujala House, Kondivita, Andheri (East), Mumbai, MH, IND, 400 059

Website

https://www.jyothylaboratories.com

Jyothy Labs Ltd is an India-based company that is principally engaged in manufacturing and distributing fast-moving consumer goods, which are categorized into fabric care, dishwashing, household insecticide, and personal care. The company's products consist of fabric wash goods, dishwashing bars, beauty soap, household insecticide, incense sticks and scrubber, and other body care products, which jointly account for most of the company's total revenue. The company owns a number of brands, such as Jjala, Henko, Mr. White, Chek, Exo, Pril, Maxo, and Margo, and also offers laundry service. It focuses its business in the Indian market.

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