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SVS Ventures (BOM:543745) Interest Coverage : 0 (At Loss) (As of Sep. 2023)


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What is SVS Ventures 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. SVS Ventures's Operating Income for the six months ended in Sep. 2023 was ₹-0.01 Mil. SVS Ventures's Interest Expense for the six months ended in Sep. 2023 was ₹-0.09 Mil. did not have earnings to cover the interest expense. 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. SVS Ventures Ltd has enough cash to cover all of its debt. Its financial situation is stable.

(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 SVS Ventures's Interest Coverage or its related term are showing as below:

BOM:543745' s Interest Coverage Range Over the Past 10 Years
Min: 1.69   Med: 1.76   Max: No Debt
Current: 60.19


BOM:543745's Interest Coverage is ranked better than
83.63% of 1338 companies
in the Real Estate industry
Industry Median: 4.03 vs BOM:543745: 60.19

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


SVS Ventures Interest Coverage Historical Data

The historical data trend for SVS Ventures'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.

SVS Ventures Interest Coverage Chart

SVS Ventures Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Interest Coverage
1.69 1.76 N/A No Debt

SVS Ventures Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23
Interest Coverage Get a 7-Day Free Trial N/A N/A No Debt No Debt -

Competitive Comparison of SVS Ventures's Interest Coverage

For the Real Estate - Development subindustry, SVS Ventures'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.


SVS Ventures's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, SVS Ventures's Interest Coverage distribution charts can be found below:

* The bar in red indicates where SVS Ventures's Interest Coverage falls into.



SVS Ventures 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.

SVS Ventures'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, SVS Ventures's Interest Expense was ₹0.00 Mil. Its Operating Income was ₹9.23 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

SVS Ventures had no debt (1).

SVS Ventures's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, SVS Ventures's Interest Expense was ₹-0.09 Mil. Its Operating Income was ₹-0.01 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

SVS Ventures 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.


SVS Ventures  (BOM:543745) 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 .


SVS Ventures Interest Coverage Related Terms

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


SVS Ventures (BOM:543745) Business Description

Traded in Other Exchanges
N/A
Address
S. G. Highway, Block A, Office No. 1009, Mondeal Heights, Near Panchratna Party Plot, Ahmedabad, GJ, IND, 380 051
SVS Ventures Ltd is engaged in the real estate business. The entity undertakes construction and real estate development projects, focused primarily on the construction and development of residential and commercial projects.

SVS Ventures (BOM:543745) Headlines

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