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Shipping of India Land and Assets (NSE:SCILAL) Interest Coverage : No Debt (1) (As of Jun. 2023)


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What is Shipping of India Land and Assets 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. Shipping of India Land and Assets's Operating Income for the three months ended in Jun. 2023 was ₹-44.80 Mil. Shipping of India Land and Assets's Interest Expense for the three months ended in Jun. 2023 was ₹0.00 Mil. Shipping of India Land and Assets has no debt. 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. Shipping Corp of India Land and Assets Ltd has enough cash to cover all of its debt. Its financial situation is stable.

(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 Shipping of India Land and Assets's Interest Coverage or its related term are showing as below:


NSE:SCILAL's Interest Coverage is not ranked *
in the Transportation industry.
Industry Median: 5.355
* 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.

Shipping of India Land and Assets Interest Coverage Historical Data

The historical data trend for Shipping of India Land and Assets'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.

Shipping of India Land and Assets Interest Coverage Chart

Shipping of India Land and Assets Annual Data
Trend Mar22 Mar23 Mar24
Interest Coverage
- - -

Shipping of India Land and Assets Quarterly Data
Mar22 Jun22 Mar23 Jun23 Mar24
Interest Coverage N/A No Debt N/A No Debt N/A

Competitive Comparison of Shipping of India Land and Assets's Interest Coverage

For the Marine Shipping subindustry, Shipping of India Land and Assets'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.

Shipping of India Land and Assets's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shipping of India Land and Assets's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shipping of India Land and Assets's Interest Coverage falls into.


Shipping of India Land and Assets 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.

Shipping of India Land and Assets'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, Shipping of India Land and Assets's Interest Expense was ₹-0.10 Mil. Its Operating Income was ₹-266.10 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.90 Mil.

Shipping of India Land and Assets did not have earnings to cover the interest expense.

Shipping of India Land and Assets's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, Shipping of India Land and Assets's Interest Expense was ₹0.00 Mil. Its Operating Income was ₹-44.80 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

Shipping of India Land and Assets had no debt (1).

* 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.

Shipping of India Land and Assets  (NSE:SCILAL) 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 .

Shipping of India Land and Assets Interest Coverage Related Terms

Thank you for viewing the detailed overview of Shipping of India Land and Assets's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Shipping of India Land and Assets (NSE:SCILAL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shipping Corp of India Land and Assets Ltd (NSE:SCILAL) » Definitions » Interest Coverage
Comparable Companies
Traded in Other Exchanges
544142:India
Address
Madame Cama Road, 245, Shipping House, Mumbai, MH, IND, 400021
Website
https://www.scilal.com
Shipping Corp of India Land and Assets Ltd is a wholly owned subsidiary of The Shipping Corporation of India (sci). The SCI has today evolved into the largest Indian shipping Company. SCI's owned fleet includes Bulk carriers, Crude oil tankers, Product tankers, Container vessels, Passenger-cum-Cargo vessels, LPG and Offshore Supply Vessels. Sailing through for six decades, SCI today has a significant presence on the global maritime map. The SCI owns and operates around one-third of the Indian tonnage, and has operating interests in practically all areas of the shipping business; servicing both national and international trades.

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