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Raghav Productivity Enhancers (BOM:539837) Interest Coverage : 43.78 (As of Mar. 2024)


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What is Raghav Productivity Enhancers 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. Raghav Productivity Enhancers's Operating Income for the three months ended in Mar. 2024 was ₹104 Mil. Raghav Productivity Enhancers's Interest Expense for the three months ended in Mar. 2024 was ₹-2 Mil. Raghav Productivity Enhancers's interest coverage for the quarter that ended in Mar. 2024 was 43.78. The higher the ratio, the stronger the company's financial strength is.

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

BOM:539837' s Interest Coverage Range Over the Past 10 Years
Min: 1.83   Med: 12.77   Max: 219.75
Current: 43.35


BOM:539837's Interest Coverage is ranked better than
76.86% of 1180 companies
in the Chemicals industry
Industry Median: 9.71 vs BOM:539837: 43.35

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


Raghav Productivity Enhancers Interest Coverage Historical Data

The historical data trend for Raghav Productivity Enhancers'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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Raghav Productivity Enhancers Interest Coverage Chart

Raghav Productivity Enhancers 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 17.06 23.36 71.86 219.75 52.16

Raghav Productivity Enhancers 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 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 222.08 978.90 61.70 32.74 43.78

Competitive Comparison of Raghav Productivity Enhancers's Interest Coverage

For the Chemicals subindustry, Raghav Productivity Enhancers'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.


Raghav Productivity Enhancers's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Raghav Productivity Enhancers's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Raghav Productivity Enhancers's Interest Coverage falls into.



Raghav Productivity Enhancers 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.

Raghav Productivity Enhancers'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, Raghav Productivity Enhancers's Interest Expense was ₹-7 Mil. Its Operating Income was ₹351 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹71 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*350.875/-6.727
=52.16

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

Here, for the three months ended in Mar. 2024, Raghav Productivity Enhancers's Interest Expense was ₹-2 Mil. Its Operating Income was ₹104 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹71 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*104.105/-2.378
=43.78

* 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.


Raghav Productivity Enhancers  (BOM:539837) 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 .


Raghav Productivity Enhancers Interest Coverage Related Terms

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Raghav Productivity Enhancers (BOM:539837) Business Description

Traded in Other Exchanges
N/A
Address
Alankar Plaza A-10, Central Spine, Office No. 36, 4th Floor, Vidhyadhar Nagar, Jaipur, RJ, IND, 302023
Raghav Productivity Enhancers Ltd is engaged in the business of manufacturing trading of Ramming Mass and other Quartz related items. Its operating segment is Ramming Mass. Some of its products include Acidic Premix Ramming Mass; White Ramming Mass; Premixed Ramming Mass; Silica Ramming Mixes; White Premix Ramming Mass; Magnesite Ramming Mass; Casting Powder; Tundish Board and others. The company sells its products in India and also exports them to other countries.

Raghav Productivity Enhancers (BOM:539837) Headlines

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