Radiant Cash Management Services (BOM:543732) Interest Coverage : 38.79 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Radiant Cash Management Services 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. Radiant Cash Management Services's Operating Income for the three months ended in Dec. 2023 was ₹154 Mil. Radiant Cash Management Services's Interest Expense for the three months ended in Dec. 2023 was ₹-4 Mil. Radiant Cash Management Services's interest coverage for the quarter that ended in Dec. 2023 was 38.79. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Radiant Cash Management Services Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Radiant Cash Management Services's Interest Coverage or its related term are showing as below:

BOM:543732' s Interest Coverage Range Over the Past 10 Years
Min: 20.58 Med: 29.88 Max: 148.95
Current: 107.63

BOM:543732's Interest Coverage is ranked better than
77.76% of 796 companies
in the Business Services industry
Industry Median: 13.57 vs BOM:543732: 107.63

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

Radiant Cash Management Services Interest Coverage Historical Data

The historical data trend for Radiant Cash Management Services'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.

Radiant Cash Management Services Interest Coverage Chart

Radiant Cash Management Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Interest Coverage

20.58

35.71

24.04

148.95

Radiant Cash Management Services Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial					136.16	681.64	98.26	85.78	38.79

Competitive Comparison of Radiant Cash Management Services's Interest Coverage

For the Specialty Business Services subindustry, Radiant Cash Management Services'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.

Radiant Cash Management Services's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Radiant Cash Management Services's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Radiant Cash Management Services's Interest Coverage falls into.

Radiant Cash Management Services 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.

Radiant Cash Management Services'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, Radiant Cash Management Services's Interest Expense was ₹-7 Mil. Its Operating Income was ₹1,016 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹9 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	1015.87	/	-6.82
	=	148.95

Radiant Cash Management Services's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Radiant Cash Management Services's Interest Expense was ₹-4 Mil. Its Operating Income was ₹154 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	154.39	/	-3.98
	=	38.79

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

Radiant Cash Management Services (BOM:543732) 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 .

Radiant Cash Management Services Interest Coverage Related Terms

Thank you for viewing the detailed overview of Radiant Cash Management Services's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Radiant Cash Management Services (BOM:543732) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Radiant Cash Management Services Ltd (BOM:543732) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

RADIANTCMS:India

Address

No. 4/3 Raju Nagar, First Street, Old Mahabalipuram Road, Radiant Building, Okkiyam Thoraipakkam, OMR, Chennai, TN, IND, 600 009

Website

https://www.radiantcashservices.com

Radiant Cash Management Services Ltd is an integrated cash logistics player with a presence in retail cash management. The company operates its business across five verticals, namely cash pick-up and delivery; network currency management (also known as cash burial in industry parlance); cash processing; cash vans /cash in transit and other value-added services. Its clients include some of the foreign, private and public sector banks, and the end user of services include some of the e-commerce companies, retail chains, NBFCs, insurance firms, e-commerce logistics players, railways and retail petroleum distribution outlets. The company generates the majority of its revenue from Cash Pick and Delivery services.

Radiant Cash Management Services (BOM:543732) Headlines

No Headlines