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Brandbucket Media & Technology (BOM:543439) Interest Coverage : No Debt (1) (As of Sep. 2023)


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What is Brandbucket Media & Technology 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. Brandbucket Media & Technology's Operating Income for the six months ended in Sep. 2023 was ₹6.7 Mil. Brandbucket Media & Technology's Interest Expense for the six months ended in Sep. 2023 was ₹0.0 Mil. Brandbucket Media & Technology has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Brandbucket Media & Technology Ltd has no debt.

(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 Brandbucket Media & Technology's Interest Coverage or its related term are showing as below:

BOM:543439' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt


BOM:543439's Interest Coverage is ranked better than
99.67% of 612 companies
in the Media - Diversified industry
Industry Median: 11.615 vs BOM:543439: No Debt

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


Brandbucket Media & Technology Interest Coverage Historical Data

The historical data trend for Brandbucket Media & Technology'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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Brandbucket Media & Technology Interest Coverage Chart

Brandbucket Media & Technology Annual Data
Trend Mar21 Mar22 Mar23
Interest Coverage
N/A No Debt No Debt

Brandbucket Media & Technology Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Interest Coverage Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Brandbucket Media & Technology's Interest Coverage

For the Advertising Agencies subindustry, Brandbucket Media & Technology'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.


Brandbucket Media & Technology's Interest Coverage Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Brandbucket Media & Technology's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Brandbucket Media & Technology's Interest Coverage falls into.



Brandbucket Media & Technology 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.

Brandbucket Media & Technology'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, Brandbucket Media & Technology's Interest Expense was ₹0.0 Mil. Its Operating Income was ₹3.6 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Brandbucket Media & Technology had no debt (1).

Brandbucket Media & Technology's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Brandbucket Media & Technology's Interest Expense was ₹0.0 Mil. Its Operating Income was ₹6.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Brandbucket Media & Technology had no debt (1).

* 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.


Brandbucket Media & Technology  (BOM:543439) 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 .


Brandbucket Media & Technology Interest Coverage Related Terms

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


Brandbucket Media & Technology (BOM:543439) Business Description

Traded in Other Exchanges
N/A
Address
Link Road, Anna Nagar, Office No. 208, 2nd Floor, Shiv Shakti, SRA CHS Ltd, Andheri West, Mumbai, MH, IND, 400053
Brandbucket Media & Technology Ltd offers online and offline advertising media solution services to customers. Its offerings include digital marketing, ground events, event management, marketing technology services, outdoor media, and print media. The company's primary offering is in outdoor or out-of-home media company also known as OOH advertising. The offering of outdoor media includes advertising on hoardings, billboards on roads, highways, streets, lamp post boards, mobile sign trucks, kiosks, traffic booths, etc.

Brandbucket Media & Technology (BOM:543439) Headlines

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