Aeroflex Industries (BOM:543972) Interest Coverage : 187.46 (As of Mar. 2024)

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What is Aeroflex Industries 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. Aeroflex Industries's Operating Income for the six months ended in Mar. 2024 was ₹249 Mil. Aeroflex Industries's Interest Expense for the six months ended in Mar. 2024 was ₹-1 Mil. Aeroflex Industries's interest coverage for the quarter that ended in Mar. 2024 was 187.46. The higher the ratio, the stronger the company's financial strength is.

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

BOM:543972' s Interest Coverage Range Over the Past 10 Years
Min: 1.48 Med: 7.03 Max: 25.97
Current: 25.97

BOM:543972's Interest Coverage is ranked better than
63.71% of 2298 companies
in the Industrial Products industry
Industry Median: 13.69 vs BOM:543972: 25.97

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

Aeroflex Industries Interest Coverage Historical Data

The historical data trend for Aeroflex Industries'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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Aeroflex Industries Interest Coverage Chart

Aeroflex Industries Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

1.48

2.10

7.03

13.89

25.97

Aeroflex Industries Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Coverage	Get a 7-Day Free Trial			N/A	14.35	15.21	15.26	187.46

Competitive Comparison of Aeroflex Industries's Interest Coverage

For the Metal Fabrication subindustry, Aeroflex Industries'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.

Aeroflex Industries's Interest Coverage Distribution in the Industrial Products Industry

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

* The bar in red indicates where Aeroflex Industries's Interest Coverage falls into.

Aeroflex Industries 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.

Aeroflex Industries's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Aeroflex Industries's Interest Expense was ₹-21 Mil. Its Operating Income was ₹555 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	555.456	/	-21.386
	=	25.97

Aeroflex Industries's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, Aeroflex Industries's Interest Expense was ₹-1 Mil. Its Operating Income was ₹249 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	249.318	/	-1.33
	=	187.46

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

Aeroflex Industries (BOM:543972) 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 .

Aeroflex Industries Interest Coverage Related Terms

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

Aeroflex Industries (BOM:543972) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aeroflex Industries Ltd (BOM:543972) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

AEROFLEX:India

Address

Plot No. 41, 42/13, 42/14 & 42/18, Village Chal, Behind IGPL, near Taloja MIDC, Panvel, Navi Mumbai, MH, IND, 410 208

Website

https://www.aeroflexindia.com

Aeroflex Industries Ltd is a manufacturer and supplier of environment-friendly metallic flexible flow solution products catering to global as well as domestic markets. It supply products to a wide spectrum of industries for the controlled flow of all forms of substances including air, liquid, and solid, Solution products are required in fire sprinklers, gas supply, the flow of air (conditioned/controlled) in aircraft, fueling and hydraulics in aircraft. The company exports its products to more than 80 countries including Europe, the USA and others.

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