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Lytus Technologies Holdings Pvt (Lytus Technologies Holdings Pvt) Interest Coverage : No Debt (1) (As of Sep. 2023)


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What is Lytus Technologies Holdings Pvt 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. Lytus Technologies Holdings Pvt's Operating Income for the three months ended in Sep. 2023 was $0.00 Mil. Lytus Technologies Holdings Pvt's Interest Expense for the three months ended in Sep. 2023 was $0.00 Mil. Lytus Technologies Holdings Pvt has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for Lytus Technologies Holdings Pvt's Interest Coverage or its related term are showing as below:


LYT's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 29.29
* Ranked among companies with meaningful Interest Coverage only.

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


Lytus Technologies Holdings Pvt Interest Coverage Historical Data

The historical data trend for Lytus Technologies Holdings Pvt'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.

* Premium members only.

Lytus Technologies Holdings Pvt Interest Coverage Chart

Lytus Technologies Holdings Pvt Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23
Interest Coverage
No Debt No Debt - - 3.51

Lytus Technologies Holdings Pvt Quarterly Data
Mar19 Mar20 Sep20 Dec20 Mar21 Sep21 Dec21 Mar22 Sep22 Mar23 Sep23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - No Debt N/A No Debt

Competitive Comparison of Lytus Technologies Holdings Pvt's Interest Coverage

For the Software - Application subindustry, Lytus Technologies Holdings Pvt'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.


Lytus Technologies Holdings Pvt's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Lytus Technologies Holdings Pvt's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Lytus Technologies Holdings Pvt's Interest Coverage falls into.



Lytus Technologies Holdings Pvt 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.

Lytus Technologies Holdings Pvt'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, Lytus Technologies Holdings Pvt's Interest Expense was $-0.36 Mil. Its Operating Income was $1.25 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.01 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2023 )/Interest Expense (A: Mar. 2023 )
=-1*1.247/-0.355
=3.51

Lytus Technologies Holdings Pvt's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Lytus Technologies Holdings Pvt's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Lytus Technologies Holdings Pvt had no debt (1).

* 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.


Lytus Technologies Holdings Pvt  (NAS:LYT) 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 .


Lytus Technologies Holdings Pvt Interest Coverage Related Terms

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Lytus Technologies Holdings Pvt (Lytus Technologies Holdings Pvt) Business Description

Traded in Other Exchanges
N/A
Address
The Meydan Hotel, Nad Al Sheba, Business Center 1, M Floor, Dubai, ARE
Lytus Technologies Holdings Pvt Ltd is a platform services company primarily providing content streaming/telecasting services to users located all across India. Its scope of business also covers telemedicine services with local assistance through local Health Centers. Through its platform, the customers are well connected via customer premises equipment (CPE) devices/set-top boxes (STBs) and have access to multi-dimensional services including telemedicine service.