Sai Silks (Kalamandir) (BOM:543989) Interest Coverage : 2.79 (As of Sep. 2023)

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What is Sai Silks (Kalamandir) 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. Sai Silks (Kalamandir)'s Operating Income for the six months ended in Sep. 2023 was ₹763 Mil. Sai Silks (Kalamandir)'s Interest Expense for the six months ended in Sep. 2023 was ₹-274 Mil. Sai Silks (Kalamandir)'s interest coverage for the quarter that ended in Sep. 2023 was 2.79. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Sai Silks (Kalamandir)'s Interest Coverage or its related term are showing as below:

BOM:543989' s Interest Coverage Range Over the Past 10 Years
Min: 1.19 Med: 2.8 Max: 4.11
Current: 3.4

BOM:543989's Interest Coverage is ranked worse than
68.99% of 761 companies
in the Retail - Cyclical industry
Industry Median: 7.78 vs BOM:543989: 3.40

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

Sai Silks (Kalamandir) Interest Coverage Historical Data

The historical data trend for Sai Silks (Kalamandir)'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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Sai Silks (Kalamandir) Interest Coverage Chart

Sai Silks (Kalamandir) Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Interest Coverage

2.44

1.19

3.16

4.11

Sai Silks (Kalamandir) Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial			N/A	N/A	4.16	4.07	2.79

Competitive Comparison of Sai Silks (Kalamandir)'s Interest Coverage

For the Apparel Retail subindustry, Sai Silks (Kalamandir)'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.

Sai Silks (Kalamandir)'s Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sai Silks (Kalamandir)'s Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sai Silks (Kalamandir)'s Interest Coverage falls into.

Sai Silks (Kalamandir) 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.

Sai Silks (Kalamandir)'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, Sai Silks (Kalamandir)'s Interest Expense was ₹-434 Mil. Its Operating Income was ₹1,783 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹2,318 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	1783.36	/	-433.96
	=	4.11

Sai Silks (Kalamandir)'s Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Sai Silks (Kalamandir)'s Interest Expense was ₹-274 Mil. Its Operating Income was ₹763 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹2,283 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	762.94	/	-273.85
	=	2.79

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

Sai Silks (Kalamandir) (BOM:543989) 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 .

Sai Silks (Kalamandir) Interest Coverage Related Terms

Thank you for viewing the detailed overview of Sai Silks (Kalamandir)'s Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Sai Silks (Kalamandir) (BOM:543989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sai Silks (Kalamandir) Ltd (BOM:543989) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

KALAMANDIR:India

Address

6-3-790/8, Flat No. 1, Bathina Apartments, Ameerpet, Hyderabad, TG, IND, 500016

Website

https://www.sskl.co.in

Sai Silks (Kalamandir) Ltd is a company who is one of the retailers of ethnic apparels. Its business activity falls within a single business which is retail of textile and textile articles. The company caters to customers in all market sectors by offering items in four formats to diverse market segments, including premium ethnic fashion, ethnic fashion for middle-class consumers, and value fashion. Lehengas, men's ethnic wear, children's ethnic wear, and value fashion products, including fusion wear and western wear for women, men, and children, are just a few of the products it offers.

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