Abhishek Infraventures (BOM:539544) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Abhishek Infraventures 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. Abhishek Infraventures's Operating Income for the three months ended in Dec. 2023 was ₹-0.50 Mil. Abhishek Infraventures's Interest Expense for the three months ended in Dec. 2023 was ₹0.00 Mil. Abhishek Infraventures has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

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

BOM:539544's Interest Coverage is not ranked ^*
in the Construction industry.
Industry Median: 7.04
* Ranked among companies with meaningful Interest Coverage only.

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

Abhishek Infraventures Interest Coverage Historical Data

The historical data trend for Abhishek Infraventures'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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Abhishek Infraventures Interest Coverage Chart

Abhishek Infraventures Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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N/A

845.00

0.91

Abhishek Infraventures 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															-	-	No Debt	N/A	No Debt

Competitive Comparison of Abhishek Infraventures's Interest Coverage

For the Engineering & Construction subindustry, Abhishek Infraventures'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.

Abhishek Infraventures's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Abhishek Infraventures's Interest Coverage distribution charts can be found below:

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

Abhishek Infraventures 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.

Abhishek Infraventures'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, Abhishek Infraventures's Interest Expense was ₹-0.02 Mil. Its Operating Income was ₹0.02 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹10.84 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	0.021	/	-0.023
	=	0.91

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

Here, for the three months ended in Dec. 2023, Abhishek Infraventures's Interest Expense was ₹0.00 Mil. Its Operating Income was ₹-0.50 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

Abhishek Infraventures had no debt ⁽¹⁾.

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

Abhishek Infraventures (BOM:539544) 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 .

Abhishek Infraventures Interest Coverage Related Terms

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

Abhishek Infraventures (BOM:539544) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Abhishek Infraventures Ltd (BOM:539544) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Melange Tower Sy.No 80-84 3/B7, 4,5,5/A,B,6,6/A,8(P)&17,9/A/16&25/9, 6C-B, 6th Floor, Madhapur, Hyderabad, TG, IND, 500081

Website

http://www.abhishekinfra.co.in

Abhishek Infraventures Ltd is an India-based firm. It operates in one segment namely Construction and project-related activity. The company is engaged in the business as planners, builders, contractors, and civil engineers to build, construct, own, operate, maintain, structure Development and Realty Activities manage, control, and administer residential or industrial building complexes, retail stores, shopping center, market yards, all kinds of cinema theatres and other properties, also the company designs and evaluates all steps, and processes for setting up all types of infrastructure projects. It provides services like the construction of transmission lines and undertakes all kinds of power projects, underground cables, railway tracks, and sidings.

Abhishek Infraventures (BOM:539544) Headlines

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Abhishek Infraventures (BOM:539544) Interest Coverage : No Debt (1) (As of Dec. 2023)