Sailani Tours N Travels (BOM:543541) Interest Coverage : 8.05 (As of Sep. 2023)

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What is Sailani Tours N Travels 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. Sailani Tours N Travels's Operating Income for the six months ended in Sep. 2023 was ₹2.7 Mil. Sailani Tours N Travels's Interest Expense for the six months ended in Sep. 2023 was ₹-0.3 Mil. Sailani Tours N Travels's interest coverage for the quarter that ended in Sep. 2023 was 8.05. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Sailani Tours N Travels's Interest Coverage or its related term are showing as below:

BOM:543541' s Interest Coverage Range Over the Past 10 Years
Min: 6.61 Med: 78.8 Max: 363
Current: 21.31

BOM:543541's Interest Coverage is ranked better than
71.38% of 608 companies
in the Travel & Leisure industry
Industry Median: 5.135 vs BOM:543541: 21.31

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

Sailani Tours N Travels Interest Coverage Historical Data

The historical data trend for Sailani Tours N Travels'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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Sailani Tours N Travels Interest Coverage Chart

Sailani Tours N Travels Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Interest Coverage

363.00

6.61

67.07

90.52

Sailani Tours N Travels Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial			No Debt	No Debt	20.69	-	8.05

Competitive Comparison of Sailani Tours N Travels's Interest Coverage

For the Travel Services subindustry, Sailani Tours N Travels'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.

Sailani Tours N Travels's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Sailani Tours N Travels's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sailani Tours N Travels's Interest Coverage falls into.

Sailani Tours N Travels 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.

Sailani Tours N Travels'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, Sailani Tours N Travels's Interest Expense was ₹-0.1 Mil. Its Operating Income was ₹5.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	5.703	/	-0.063
	=	90.52

Sailani Tours N Travels's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Sailani Tours N Travels's Interest Expense was ₹-0.3 Mil. Its Operating Income was ₹2.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	2.744	/	-0.341
	=	8.05

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

Sailani Tours N Travels (BOM:543541) 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 .

Sailani Tours N Travels Interest Coverage Related Terms

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

Sailani Tours N Travels (BOM:543541) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sailani Tours N Travels Ltd (BOM:543541) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

AD-62, Sector 1, Ground Floor, Salt Lake City, Bhidannagar, Kolkata, WB, IND, 700064

Website

https://www.sailanitours.com

Sailani Tours n Travels Ltd operates as a travel company catering to the overall travel needs of Indian and International travelers in the state of Kolkata. Its business is categorized as Leisure Travel, Corporate Travel, Forex, and Visa Processing. It designs travel packages for both individuals and groups for their domestic and international leisure travel. The company provides end-to-end travel solutions including land, air, and cruise bookings, hotel bookings, in-transit arrangements, local sightseeing, visa, passport and medical insurance assistance, and other destination management services. It also provides travel-related foreign exchange & payment solutions.

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