DOMS Industries (BOM:544045) Interest Coverage : 14.15 (As of Sep. 2023)

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What is DOMS 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. DOMS Industries's Operating Income for the six months ended in Sep. 2023 was ₹1,047 Mil. DOMS Industries's Interest Expense for the six months ended in Sep. 2023 was ₹-74 Mil. DOMS Industries's interest coverage for the quarter that ended in Sep. 2023 was 14.15. The higher the ratio, the stronger the company's financial strength is.

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

BOM:544045' s Interest Coverage Range Over the Past 10 Years
Min: 3.48 Med: 8.56 Max: 14.15
Current: 14.15

BOM:544045's Interest Coverage is ranked better than
50.91% of 2298 companies
in the Industrial Products industry
Industry Median: 13.58 vs BOM:544045: 14.15

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

DOMS Industries Interest Coverage Historical Data

The historical data trend for DOMS 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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DOMS Industries Interest Coverage Chart

DOMS Industries Annual Data

Trend

Mar21

Mar22

Mar23

Interest Coverage

3.48

13.64

DOMS Industries Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
Interest Coverage	N/A	N/A	N/A	14.15

Competitive Comparison of DOMS Industries's Interest Coverage

For the Business Equipment & Supplies subindustry, DOMS 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.

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

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

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

DOMS 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.

DOMS Industries'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, DOMS Industries's Interest Expense was ₹-107 Mil. Its Operating Income was ₹1,461 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹454 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	1461.19	/	-107.09
	=	13.64

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

Here, for the six months ended in Sep. 2023, DOMS Industries's Interest Expense was ₹-74 Mil. Its Operating Income was ₹1,047 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1,220 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	1046.61	/	-73.95
	=	14.15

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

DOMS Industries (BOM:544045) 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 .

DOMS Industries Interest Coverage Related Terms

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

DOMS Industries (BOM:544045) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » DOMS Industries Ltd (BOM:544045) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

DOMS:India

Address

Plot No. 117, 52 Hector Expansion Area, G.I.D.C., District Valsad, Umbergaon, GJ, IND, 396171

Website

https://www.domsindia.com

DOMS Industries Ltd is engaged in the manufacturing of stationery and art material products in India. It designs, develops, manufactures, and sells products, primarily under DOMS brand. Its products are classified across seven categories: (i) scholastic stationery; (ii) scholastic art material; (iii) paper stationery; (iv) kits and combos; (v) office supplies; (vi) hobby and craft; and (vii) fine art products.

DOMS Industries (BOM:544045) Headlines

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