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Bajaj Consumer Care (NSE:BAJAJCON) Interest Coverage : 137.43 (As of Dec. 2023)


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What is Bajaj Consumer Care 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. Bajaj Consumer Care's Operating Income for the three months ended in Dec. 2023 was ₹335 Mil. Bajaj Consumer Care's Interest Expense for the three months ended in Dec. 2023 was ₹-2 Mil. Bajaj Consumer Care's interest coverage for the quarter that ended in Dec. 2023 was 137.43. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Bajaj Consumer Care Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Bajaj Consumer Care's Interest Coverage or its related term are showing as below:

NSE:BAJAJCON' s Interest Coverage Range Over the Past 10 Years
Min: 31.08   Med: 220.77   Max: 2854.74
Current: 172.97


NSE:BAJAJCON's Interest Coverage is ranked better than
88.75% of 1369 companies
in the Consumer Packaged Goods industry
Industry Median: 8.41 vs NSE:BAJAJCON: 172.97

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


Bajaj Consumer Care Interest Coverage Historical Data

The historical data trend for Bajaj Consumer Care'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.

Bajaj Consumer Care Interest Coverage Chart

Bajaj Consumer Care Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 269.30 49.12 195.73 193.08 157.51

Bajaj Consumer Care Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 107.91 425.69 154.09 136.08 137.43

Competitive Comparison of Bajaj Consumer Care's Interest Coverage

For the Household & Personal Products subindustry, Bajaj Consumer Care'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.


Bajaj Consumer Care's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bajaj Consumer Care's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Bajaj Consumer Care's Interest Coverage falls into.



Bajaj Consumer Care 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.

Bajaj Consumer Care'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, Bajaj Consumer Care's Interest Expense was ₹-8 Mil. Its Operating Income was ₹1,330 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹61 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2023 )/Interest Expense (A: Mar. 2023 )
=-1*1330.208/-8.445
=157.51

Bajaj Consumer Care's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Bajaj Consumer Care's Interest Expense was ₹-2 Mil. Its Operating Income was ₹335 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*335.18/-2.439
=137.43

* 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.


Bajaj Consumer Care  (NSE:BAJAJCON) 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 .


Bajaj Consumer Care Interest Coverage Related Terms

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


Bajaj Consumer Care (NSE:BAJAJCON) Business Description

Traded in Other Exchanges
Address
Old Station Road, Sevashram, Chouraha, Udaipur, RJ, IND, 313 001
Bajaj Consumer Care Ltd is an India-based company that is principally engaged in developing and distributing haircare and skincare products. It provides a number of hair oil products Bajaj Almond Drops Hair Oil, Bajaj Amla Hair Oil, Bajaj Brahmi Amla Hair Oil, Bajaj Kailash Parbat Hair Oil, and Bajaj Jasmine Hair Oil, with Bajaj Almond Drops Hair Oil the flagship product that contributes the majority of the company's total revenue. It also offers skincare products, with products categorized into cream, face wash, soap, scrub, and face pack. It has one segment Cosmetics, Toiletries and Other Personal Care products. It generates most of its revenue from the domestic market, and has a presence in overseas markets as well, mainly in the SAARC, Gulf and Middle-East, ASEAN, and African regions.

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