Greenlam Industries (BOM:538979) Interest Coverage : 4.32 (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Greenlam Industries 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. Greenlam Industries's Operating Income for the three months ended in Mar. 2024 was ₹578 Mil. Greenlam Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-134 Mil. Greenlam Industries's interest coverage for the quarter that ended in Mar. 2024 was 4.32. The higher the ratio, the stronger the company's financial strength is.

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

BOM:538979' s Interest Coverage Range Over the Past 10 Years
Min: 2.18 Med: 6.11 Max: 9.23
Current: 4.34

BOM:538979's Interest Coverage is ranked worse than
66.88% of 320 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 8.9 vs BOM:538979: 4.34

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

Greenlam Industries Interest Coverage Historical Data

The historical data trend for Greenlam Industries'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.

Greenlam Industries Interest Coverage Chart

Greenlam Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

Get a 7-Day Free Trial

5.83

7.09

9.23

7.22

4.69

Greenlam Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															6.40	8.84	6.04	3.26	4.32

Competitive Comparison of Greenlam Industries's Interest Coverage

For the Furnishings, Fixtures & Appliances subindustry, Greenlam Industries'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.

Greenlam Industries's Interest Coverage Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Greenlam Industries's Interest Coverage distribution charts can be found below:

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

Greenlam Industries 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.

Greenlam Industries'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, Greenlam Industries's Interest Expense was ₹-443 Mil. Its Operating Income was ₹2,076 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹7,336 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	2075.694	/	-442.875
	=	4.69

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

Here, for the three months ended in Mar. 2024, Greenlam Industries's Interest Expense was ₹-134 Mil. Its Operating Income was ₹578 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹7,336 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	577.776	/	-133.802
	=	4.32

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

Greenlam Industries (BOM:538979) 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 .

Greenlam Industries Interest Coverage Related Terms

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

Greenlam Industries (BOM:538979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Greenlam Industries Ltd (BOM:538979) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

GREENLAM:India

Address

Worldmark 1, Aerocity, 203, 2nd Floor. West Wing, IGI Airport Hospitality District, New Delhi, IND, 110 037

Website

https://www.greenlamindustries.com

Greenlam Industries Ltd manufactures laminate flooring. The company manufactures and sells laminates, decorative veneers, and their allied products which are used for homes, kitchens, offices and other premises. Its business activity includes work of Laminates, compact laminates, decorative veneers, engineered wood flooring, engineered door sets and door leaf and other allied products through its wholesale and retail network. The firm offers its products under the Greenlam, New Mika, Decowood, Mikasa Floors, and Mikasa Doors and Frames brand names. The operating segments of the company are Laminate and allied products and Veneer and allied products. Geographically, the group has a business presence in India and Outside India, of which a majority of its revenue is derived within India.

Greenlam Industries (BOM:538979) Headlines

No Headlines