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Manoj Ceramic (BOM:544073) Interest Coverage : 2.01 (As of Mar. 2024)


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What is Manoj Ceramic 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. Manoj Ceramic's Operating Income for the six months ended in Mar. 2024 was ₹67.1 Mil. Manoj Ceramic's Interest Expense for the six months ended in Mar. 2024 was ₹-33.4 Mil. Manoj Ceramic's interest coverage for the quarter that ended in Mar. 2024 was 2.01. The higher the ratio, the stronger the company's financial strength is.

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

BOM:544073' s Interest Coverage Range Over the Past 10 Years
Min: 0.8   Med: 1.33   Max: 2.01
Current: 2.01

BOM:544073's Interest Coverage is ranked worse than
84.66% of 313 companies
in the Building Materials industry
Industry Median: 6.49 vs BOM:544073: 2.01

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

Manoj Ceramic Interest Coverage Historical Data

The historical data trend for Manoj Ceramic'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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Manoj Ceramic Interest Coverage Chart

Manoj Ceramic Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Interest Coverage
0.80 0.92 1.73 2.01

Manoj Ceramic Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24
Interest Coverage N/A N/A N/A 2.02 2.01

Competitive Comparison of Manoj Ceramic's Interest Coverage

For the Building Materials subindustry, Manoj Ceramic'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.

Manoj Ceramic's Interest Coverage Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Manoj Ceramic's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Manoj Ceramic's Interest Coverage falls into.


Manoj Ceramic 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.

Manoj Ceramic'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, Manoj Ceramic's Interest Expense was ₹-67.8 Mil. Its Operating Income was ₹136.4 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹273.6 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*136.443/-67.799
=2.01

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

Here, for the six months ended in Mar. 2024, Manoj Ceramic's Interest Expense was ₹-33.4 Mil. Its Operating Income was ₹67.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹273.6 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*67.092/-33.446
=2.01

* 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.

Manoj Ceramic  (BOM:544073) 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 .

Manoj Ceramic Interest Coverage Related Terms

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

Manoj Ceramic (BOM:544073) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Manoj Ceramic Ltd (BOM:544073) » Definitions » Interest Coverage
Comparable Companies
Traded in Other Exchanges
N/A
Address
Unit No. 2 to 8, Building No. 19-24, Indian Corporation Compound, Mankoli Naka, Bhiwandi, Thane, MH, IND, 421302
Website
https://www.mcplworld.com
Manoj Ceramic Ltd is engaged in trading ceramic tiles and Tiles Adhesive under their own brand " MCPL" through a dealer network, Retail showroom, wholesale as BTB, and export. It specializes in two products: Ceramic Tiles and Tile Adhesive. Its segment includes the business of wholesale or retail, the business of trading in all kinds of building materials including cements of all varieties.

Manoj Ceramic (BOM:544073) Headlines

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