Vishnusurya Projects and Infra (NSE:VISHNUINFR) Interest Coverage : 6.29 (As of Mar. 2023)

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What is Vishnusurya Projects and Infra 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. Vishnusurya Projects and Infra's Operating Income for the six months ended in Mar. 2023 was ₹259 Mil. Vishnusurya Projects and Infra's Interest Expense for the six months ended in Mar. 2023 was ₹-41 Mil. Vishnusurya Projects and Infra's interest coverage for the quarter that ended in Mar. 2023 was 6.29. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Vishnusurya Projects and Infra's Interest Coverage or its related term are showing as below:

NSE:VISHNUINFR' s Interest Coverage Range Over the Past 10 Years
Min: 1.92 Med: 5.25 Max: 6.29
Current: 6.29

NSE:VISHNUINFR's Interest Coverage is ranked worse than
84.55% of 1340 companies
in the Metals & Mining industry
Industry Median: No Debt vs NSE:VISHNUINFR: 6.29

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

Vishnusurya Projects and Infra Interest Coverage Historical Data

The historical data trend for Vishnusurya Projects and Infra'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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Vishnusurya Projects and Infra Interest Coverage Chart

Vishnusurya Projects and Infra Annual Data

Trend

Mar21

Mar22

Mar23

Interest Coverage

1.92

5.25

6.29

Vishnusurya Projects and Infra Semi-Annual Data
	Mar21	Mar22	Mar23
Interest Coverage	1.92	5.25	6.29

Competitive Comparison of Vishnusurya Projects and Infra's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Vishnusurya Projects and Infra'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.

Vishnusurya Projects and Infra's Interest Coverage Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Vishnusurya Projects and Infra's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Vishnusurya Projects and Infra's Interest Coverage falls into.

Vishnusurya Projects and Infra 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.

Vishnusurya Projects and Infra'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, Vishnusurya Projects and Infra's Interest Expense was ₹-41 Mil. Its Operating Income was ₹259 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹244 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	259.274	/	-41.213
	=	6.29

Vishnusurya Projects and Infra's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Here, for the six months ended in Mar. 2023, Vishnusurya Projects and Infra's Interest Expense was ₹-41 Mil. Its Operating Income was ₹259 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹244 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	259.274	/	-41.213
	=	6.29

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

Vishnusurya Projects and Infra (NSE:VISHNUINFR) 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 .

Vishnusurya Projects and Infra Interest Coverage Related Terms

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

Vishnusurya Projects and Infra (NSE:VISHNUINFR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vishnusurya Projects and Infra Ltd (NSE:VISHNUINFR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Mada Street, 2nd Floor, Qbas Temple Tower, No. 76/25, Mylapore, Chennai, TN, IND, 600 004

Website

https://www.vishnusurya.com

Vishnusurya Projects and Infra Ltd is engaged in the mining of rough stones and the manufacturing of aggregates & Manufacture-sand by using Crushing Plants and Sand washing plants. In addition to mining activities, it is engaged in EPC Projects (construction and infrastructure) delivered across all key sectors such as water, transportation, rail, resource, and institutional development. The Company executed and delivered multiple real estate projects in the past such as the construction of villas, multi-storied apartments, specific contracts like compound walls, renovation works, site formation, etc., and design and construction of various infrastructure projects for the government, autonomous and private bodies in state of Tamil Nadu.

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