Sunrise Efficient Marketing (BOM:543515) Interest Coverage : 6.73 (As of Sep. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Sunrise Efficient Marketing 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. Sunrise Efficient Marketing's Operating Income for the six months ended in Sep. 2023 was ₹49 Mil. Sunrise Efficient Marketing's Interest Expense for the six months ended in Sep. 2023 was ₹-7 Mil. Sunrise Efficient Marketing's interest coverage for the quarter that ended in Sep. 2023 was 6.73. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Sunrise Efficient Marketing's Interest Coverage or its related term are showing as below:

BOM:543515' s Interest Coverage Range Over the Past 10 Years
Min: 1.18 Med: 1.91 Max: 11.81
Current: 10.65

BOM:543515's Interest Coverage is ranked worse than
54.97% of 2294 companies
in the Industrial Products industry
Industry Median: 13.71 vs BOM:543515: 10.65

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

Sunrise Efficient Marketing Interest Coverage Historical Data

The historical data trend for Sunrise Efficient Marketing'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.

Sunrise Efficient Marketing Interest Coverage Chart

Sunrise Efficient Marketing Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

1.18

1.63

1.91

9.70

11.81

Sunrise Efficient Marketing Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial			12.40	7.06	6.10	15.59	6.73

Competitive Comparison of Sunrise Efficient Marketing's Interest Coverage

For the Specialty Industrial Machinery subindustry, Sunrise Efficient Marketing'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.

Sunrise Efficient Marketing's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sunrise Efficient Marketing's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sunrise Efficient Marketing's Interest Coverage falls into.

Sunrise Efficient Marketing 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.

Sunrise Efficient Marketing'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, Sunrise Efficient Marketing's Interest Expense was ₹-10 Mil. Its Operating Income was ₹112 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹34 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	112.428	/	-9.516
	=	11.81

Sunrise Efficient Marketing's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Sunrise Efficient Marketing's Interest Expense was ₹-7 Mil. Its Operating Income was ₹49 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹34 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	48.603	/	-7.227
	=	6.73

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

Sunrise Efficient Marketing (BOM:543515) 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 .

Sunrise Efficient Marketing Interest Coverage Related Terms

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

Sunrise Efficient Marketing (BOM:543515) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sunrise Efficient Marketing Ltd (BOM:543515) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Akash Bhumi Complex, Sub Plot No. 2, Block B, Village Pandesara, Surat, GJ, IND, 394221

Website

https://www.sunriseefficientmarketing.com

Sunrise Efficient Marketing Ltd is engaged in the business of trading, distributing, and wholesaling different types of industrial products such as electrical items, electronic items, spare parts and others. The company distributes Automotive Parts, Gear Boxes, Motors, Pumps, Oils, and FMCG products. The company retails, imports, exports, sells, fabricates, and assembles a wide range of products such as pipes, pipe fittings, sanitation parts, mechanical and engineering items, all types of machined and un-machined castings, industrial valves, and its spares, Oils, lubricants, all types of motors, pumps, generator sets, batteries and all types of electrical, mechanical, electronic items, and spare parts, accessories used for industrial, domestic and agricultural purposes.

Sunrise Efficient Marketing (BOM:543515) Headlines

No Headlines