Delta Spinners (DHA:DELTASPINN) Interest Coverage : 0.48 (As of Mar. 2024)

Delta Spinners Interest Coverage Chart

Delta Spinners Quarterly Data
	Dec17	Mar18	Sep18	Dec18	Mar19	Sep19	Dec19	Mar20	Sep20	Dec20	Mar21	Sep21	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															1.11	0.84	-	0.02	0.48

Competitive Comparison of Delta Spinners's Interest Coverage

For the Textile Manufacturing subindustry, Delta Spinners'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.

Delta Spinners's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Delta Spinners's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Delta Spinners's Interest Coverage falls into.

Delta Spinners 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

Delta Spinners's Interest Coverage for the fiscal year that ended in Jun. 2017 is calculated as

Here, for the fiscal year that ended in Jun. 2017, Delta Spinners's Interest Expense was BDT-81.9 Mil. Its Operating Income was BDT127.2 Mil. And its Long-Term Debt & Capital Lease Obligation was BDT416.3 Mil.

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

Here, for the three months ended in Mar. 2024, Delta Spinners's Interest Expense was BDT-23.0 Mil. Its Operating Income was BDT11.1 Mil. And its Long-Term Debt & Capital Lease Obligation was BDT0.0 Mil.

* 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.

Delta Spinners  (DHA:DELTASPINN) 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 .

Delta Spinners Interest Coverage Related Terms

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Delta Spinners (DHA:DELTASPINN) Business Description