Vasa Denticity (NSE:DENTALKART) Interest Coverage : 119.84 (As of Sep. 2023)

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What is Vasa Denticity 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. Vasa Denticity's Operating Income for the six months ended in Sep. 2023 was ₹63.9 Mil. Vasa Denticity's Interest Expense for the six months ended in Sep. 2023 was ₹-0.5 Mil. Vasa Denticity's interest coverage for the quarter that ended in Sep. 2023 was 119.84. 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. Vasa Denticity Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

NSE:DENTALKART' s Interest Coverage Range Over the Past 10 Years
Min: 3.19 Med: 7.54 Max: 119.84
Current: 119.84

NSE:DENTALKART's Interest Coverage is ranked better than
74.36% of 78 companies
in the Medical Distribution industry
Industry Median: 10.905 vs NSE:DENTALKART: 119.84

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

Vasa Denticity Interest Coverage Historical Data

The historical data trend for Vasa Denticity'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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Vasa Denticity Interest Coverage Chart

Vasa Denticity Annual Data

Trend

Mar20

Mar21

Mar22

Interest Coverage

3.19

7.54

13.15

Vasa Denticity Semi-Annual Data
	Mar20	Mar21	Mar22	Sep23
Interest Coverage	No Debt	No Debt	N/A	119.84

Competitive Comparison of Vasa Denticity's Interest Coverage

For the Medical Distribution subindustry, Vasa Denticity'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.

Vasa Denticity's Interest Coverage Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Vasa Denticity's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Vasa Denticity's Interest Coverage falls into.

Vasa Denticity 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.

Vasa Denticity's Interest Coverage for the fiscal year that ended in Mar. 2022 is calculated as

Here, for the fiscal year that ended in Mar. 2022, Vasa Denticity's Interest Expense was ₹-4.3 Mil. Its Operating Income was ₹56.4 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹14.3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2022 )	/	Interest Expense (A: Mar. 2022 )
	=	-1	*	56.445	/	-4.294
	=	13.15

Vasa Denticity's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Vasa Denticity's Interest Expense was ₹-0.5 Mil. Its Operating Income was ₹63.9 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	63.877	/	-0.533
	=	119.84

The higher the ratio, the stronger the company's Financial Strength is.

Vasa Denticity (NSE:DENTALKART) 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 .

Vasa Denticity Interest Coverage Related Terms

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

Vasa Denticity (NSE:DENTALKART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Vasa Denticity Ltd (NSE:DENTALKART) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Village, P.O. Chattarpur, Khasra No. 714, South Delhi, Delhi, IND, 110074

Website

https://www.dentalkart.com

Vasa Denticity Ltd is engaged in the business of marketing and distributing a comprehensive portfolio of dental products including consumables, instruments, equipment, and accessories for diagnosing, treating, and preventing dental conditions as well as improving the aesthetics of the human smile through our online portal Dentalkart.com. It operates an online channel housing approximately 300 domestic and international brands with a comprehensive product range of more than 10,000 dental products. sell a broad range of dental products including dental consumables such as adhesives, filling materials, and impression materials; dental equipment such as chairs, x-ray machines, and autoclaves; and dental instruments such as forceps, probes, and mirrors.

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