Bajaj Consumer Care (NSE:BAJAJCON) Interest Coverage : 143.38 (As of Mar. 2024)

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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 Mar. 2024 was ₹321 Mil. Bajaj Consumer Care's Interest Expense for the three months ended in Mar. 2024 was ₹-2 Mil. Bajaj Consumer Care's interest coverage for the quarter that ended in Mar. 2024 was 143.38. 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: 49.12 Med: 220.77 Max: 2854.74
Current: 143.26

NSE:BAJAJCON's Interest Coverage is ranked better than
88.38% of 1386 companies
in the Consumer Packaged Goods industry
Industry Median: 8.54 vs NSE:BAJAJCON: 143.26

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.

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Bajaj Consumer Care Interest Coverage Chart

Bajaj Consumer Care Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

Get a 7-Day Free Trial

49.12

195.73

193.08

136.31

143.26

Bajaj Consumer Care Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															176.99	154.09	136.08	137.43	143.38

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. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Bajaj Consumer Care's Interest Expense was ₹-10 Mil. Its Operating Income was ₹1,454 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹40 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	1453.914	/	-10.149
	=	143.26

Bajaj Consumer Care's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Bajaj Consumer Care's Interest Expense was ₹-2 Mil. Its Operating Income was ₹321 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹40 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	321.03	/	-2.239
	=	143.38

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

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Bajaj Consumer Care (NSE:BAJAJCON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bajaj Consumer Care Ltd (NSE:BAJAJCON) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

533229:India

Address

Old Station Road, Sevashram, Chouraha, Udaipur, RJ, IND, 313 001

Website

https://www.bajajconsumercare.com

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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