Global Pet Industries (NSE:GLOBALPET) Interest Coverage : 80.16 (As of Mar. 2022)

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What is Global Pet Industries 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. Global Pet Industries's Operating Income for the six months ended in Mar. 2022 was ₹12.5 Mil. Global Pet Industries's Interest Expense for the six months ended in Mar. 2022 was ₹-0.2 Mil. Global Pet Industries's interest coverage for the quarter that ended in Mar. 2022 was 80.16. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Global Pet Industries's Interest Coverage or its related term are showing as below:

NSE:GLOBALPET's Interest Coverage is not ranked ^*
in the Industrial Products industry.
Industry Median: 13.71
* 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.

Global Pet Industries Interest Coverage Historical Data

The historical data trend for Global Pet Industries'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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Global Pet Industries Interest Coverage Chart

Global Pet Industries Annual Data

Trend

Mar20

Mar21

Mar22

Interest Coverage

55.18

123.75

80.16

Global Pet Industries Semi-Annual Data
	Mar20	Mar21	Mar22
Interest Coverage	55.18	123.75	80.16

Competitive Comparison of Global Pet Industries's Interest Coverage

For the Specialty Industrial Machinery subindustry, Global Pet Industries'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.

Global Pet Industries's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Global Pet Industries's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Global Pet Industries's Interest Coverage falls into.

Global Pet Industries 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.

Global Pet Industries'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, Global Pet Industries's Interest Expense was ₹-0.2 Mil. Its Operating Income was ₹12.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2022 )	/	Interest Expense (A: Mar. 2022 )
	=	-1	*	12.505	/	-0.156
	=	80.16

Global Pet Industries's Interest Coverage for the quarter that ended in Mar. 2022 is calculated as

Here, for the six months ended in Mar. 2022, Global Pet Industries's Interest Expense was ₹-0.2 Mil. Its Operating Income was ₹12.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2022 )	/	Interest Expense (Q: Mar. 2022 )
	=	-1	*	12.505	/	-0.156
	=	80.16

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

Global Pet Industries (NSE:GLOBALPET) 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 .

Global Pet Industries Interest Coverage Related Terms

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

Global Pet Industries (NSE:GLOBALPET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Global Pet Industries Ltd (NSE:GLOBALPET) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit Nos. 8 to 15, 108 & 109, Karishma Industrial Estate, Survey No. 36, Hissa No. 5, Village Waliv, Dhumal Nagar, Near Rashmi Bungalow, Vasai East, Palghar, Vasai, MH, IND, 401208

Website

https://www.globalpetind.com

Global Pet Industries Ltd is engaged in manufacturing of PET Stretch Blow Moulding Machine which is used for manufacturing of machine which is suitable in the business segment of Pet stretch below moulding solutions from 50ml to 20 Litres of PET bottles such as fridge bottles, packaged drinking mineral water bottles, carbonated soft drinks bottles, hot fill juice bottles, edible oil bottles, liquid detergent bottles, cosmetic products bottles, confectionery jars, Pharma bottles, liquor & distilleries bottles, pesticides bottles, etc. Apart from manufacturing of PET Stretch Blow Moulding Machine, the company also provides after-sales services such as providing spares, components, accessories and providing repairs and maintenance of the machines after delivery.

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