Pyramid Technoplast (BOM:543969) Interest Coverage : 12.45 (As of Sep. 2023)

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What is Pyramid Technoplast 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. Pyramid Technoplast's Operating Income for the six months ended in Sep. 2023 was ₹201 Mil. Pyramid Technoplast's Interest Expense for the six months ended in Sep. 2023 was ₹-16 Mil. Pyramid Technoplast's interest coverage for the quarter that ended in Sep. 2023 was 12.45. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Pyramid Technoplast's Interest Coverage or its related term are showing as below:

BOM:543969' s Interest Coverage Range Over the Past 10 Years
Min: 2.37 Med: 7.45 Max: 14.33
Current: 14.33

BOM:543969's Interest Coverage is ranked better than
63.26% of 313 companies
in the Packaging & Containers industry
Industry Median: 7.1 vs BOM:543969: 14.33

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

Pyramid Technoplast Interest Coverage Historical Data

The historical data trend for Pyramid Technoplast'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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Pyramid Technoplast Interest Coverage Chart

Pyramid Technoplast Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Interest Coverage

2.37

5.84

9.06

13.66

Pyramid Technoplast Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial			N/A	N/A	11.71	16.64	12.45

Competitive Comparison of Pyramid Technoplast's Interest Coverage

For the Packaging & Containers subindustry, Pyramid Technoplast'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.

Pyramid Technoplast's Interest Coverage Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Pyramid Technoplast's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Pyramid Technoplast's Interest Coverage falls into.

Pyramid Technoplast 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.

Pyramid Technoplast'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, Pyramid Technoplast's Interest Expense was ₹-33 Mil. Its Operating Income was ₹453 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹176 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	452.871	/	-33.147
	=	13.66

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

Here, for the six months ended in Sep. 2023, Pyramid Technoplast's Interest Expense was ₹-16 Mil. Its Operating Income was ₹201 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹24 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	200.952	/	-16.138
	=	12.45

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

Pyramid Technoplast (BOM:543969) 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 .

Pyramid Technoplast Interest Coverage Related Terms

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

Pyramid Technoplast (BOM:543969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Pyramid Technoplast Ltd (BOM:543969) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

PYRAMID:India

Address

Rani Sati Marg, Office No. 2, Second Floor, Shah Trade Center, Near W.E. Highway, Malad East, Mumbai, MH, IND, 400 067

Website

https://www.pyramidtechnoplast.com

Pyramid Technoplast Ltd is an industrial packaging company engaged in the business of manufacturing polymer-based molded products (Polymer Drums) mainly used by chemical, agrochemical, specialty chemical and pharmaceutical companies for their packaging requirements. It is one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India manufacturing 1,000-litre capacity IBC. IBCs are industrial-grade containers engineered for the mass handling, transport, and storage of liquids, semi-solids, pastes, or solids. The company uses blow molding technology to manufacture Polymer Drums and IBCs.

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