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5paisa Capital (BOM:540776) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is 5paisa Capital 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. 5paisa Capital's Operating Income for the three months ended in Mar. 2024 was ₹-209 Mil. 5paisa Capital's Interest Expense for the three months ended in Mar. 2024 was ₹-103 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for 5paisa Capital's Interest Coverage or its related term are showing as below:


BOM:540776's Interest Coverage is not ranked *
in the Capital Markets industry.
Industry Median: 19.79
* 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.


5paisa Capital Interest Coverage Historical Data

The historical data trend for 5paisa Capital'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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5paisa Capital Interest Coverage Chart

5paisa Capital Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
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5paisa Capital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of 5paisa Capital's Interest Coverage

For the Capital Markets subindustry, 5paisa Capital'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.


5paisa Capital's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, 5paisa Capital's Interest Coverage distribution charts can be found below:

* The bar in red indicates where 5paisa Capital's Interest Coverage falls into.



5paisa Capital 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.

5paisa Capital'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, 5paisa Capital's Interest Expense was ₹-286 Mil. Its Operating Income was ₹-347 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹3,363 Mil.

5paisa Capital did not have earnings to cover the interest expense.

5paisa Capital's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, 5paisa Capital's Interest Expense was ₹-103 Mil. Its Operating Income was ₹-209 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹3,363 Mil.

5paisa Capital did not have earnings to cover the interest expense.

* 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.


5paisa Capital  (BOM:540776) 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 .


5paisa Capital Interest Coverage Related Terms

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5paisa Capital (BOM:540776) Business Description

Traded in Other Exchanges
Address
Road Number 16V, MIDC, Thane Industrial Area, Sun Infotech Park, Plot Number B - 23, IIFL House, Wagle Estate, Thane, MH, IND, 400604
5paisa Capital Ltd is an online financial services provider. The company provides a wide range of financial services to its customers including stock broking services, depository services, distribution of mutual funds, bonds and debentures, equity and mutual fund research through its technology-based platforms. Its business is to provide broking services, to its clients, in the capital markets in India. The company has launched peer-to-peer lending (P2P) via its website 5paisaloans.com and mobile app 5Paisa Loans. P2P is aimed at offering investors yet another investment option to diversify their portfolio and secure higher returns.

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