PE Analytics (NSE:PROPEQUITY) Interest Coverage : No Debt ⁽¹⁾ (As of Sep. 2023)

View and export this data going back to 2022. Start your Free Trial

What is PE Analytics 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. PE Analytics's Operating Income for the six months ended in Sep. 2023 was ₹51.5 Mil. PE Analytics's Interest Expense for the six months ended in Sep. 2023 was ₹0.0 Mil. PE Analytics has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

PE Analytics Ltd has no debt.

(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 PE Analytics's Interest Coverage or its related term are showing as below:

NSE:PROPEQUITY' s Interest Coverage Range Over the Past 10 Years
Min: 107.88 Med: 2833.51 Max: 20544
Current: 2727.78

NSE:PROPEQUITY's Interest Coverage is ranked better than
86.21% of 1603 companies
in the Software industry
Industry Median: 28.92 vs NSE:PROPEQUITY: 2727.78

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

PE Analytics Interest Coverage Historical Data

The historical data trend for PE Analytics'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.

PE Analytics Interest Coverage Chart

PE Analytics Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

20,544.00

690.36

16,225.00

107.88

2,833.51

PE Analytics Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial			16,914.33	54.30	No Debt	1,471.98	No Debt

Competitive Comparison of PE Analytics's Interest Coverage

For the Software - Application subindustry, PE Analytics'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.

PE Analytics's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, PE Analytics's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PE Analytics's Interest Coverage falls into.

PE Analytics 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.

PE Analytics'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, PE Analytics's Interest Expense was ₹-0.0 Mil. Its Operating Income was ₹116.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	116.174	/	-0.041
	=	2,833.51

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

Here, for the six months ended in Sep. 2023, PE Analytics's Interest Expense was ₹0.0 Mil. Its Operating Income was ₹51.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

PE Analytics had no debt ⁽¹⁾.

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

PE Analytics (NSE:PROPEQUITY) 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 .

PE Analytics Interest Coverage Related Terms

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

PE Analytics (NSE:PROPEQUITY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PE Analytics Ltd (NSE:PROPEQUITY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Udyog Vihar, Plot No. 348, Phase II, Gurugram, HR, IND, 122016

Website

https://www.propequity.in

PE Analytics Ltd owns and operates PropEquity which is an online subscription-based real estate data and analytics platform covering projects of developers across over 44 cities in India. It offers real-estate business intelligence residential and commercial, research and consulting, collateral risk management, advanced processing facility, realty indices, and catchment area analysis services to various users like developers, the construction industry, investors, banks, housing finance companies, equity research firms, real estate PE funds, financial institutions, mortgage insurers, lenders, and investors in real estate. The company renders two types of services Website Subscription and Professional Services.

PE Analytics (NSE:PROPEQUITY) Headlines

No Headlines

PE Analytics (NSE:PROPEQUITY) Interest Coverage : No Debt (1) (As of Sep. 2023)