Som Distilleries Breweries & Wineries (BOM:507514) Interest Coverage : 10.33 (As of Mar. 2024)

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What is Som Distilleries Breweries & Wineries 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. Som Distilleries Breweries & Wineries's Operating Income for the three months ended in Mar. 2024 was ₹360 Mil. Som Distilleries Breweries & Wineries's Interest Expense for the three months ended in Mar. 2024 was ₹-35 Mil. Som Distilleries Breweries & Wineries's interest coverage for the quarter that ended in Mar. 2024 was 10.33. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Som Distilleries Breweries & Wineries's Interest Coverage or its related term are showing as below:

BOM:507514' s Interest Coverage Range Over the Past 10 Years
Min: 0.2 Med: 3.5 Max: 11.47
Current: 10.76

BOM:507514's Interest Coverage is ranked better than
54.72% of 159 companies
in the Beverages - Alcoholic industry
Industry Median: 8.16 vs BOM:507514: 10.76

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

Som Distilleries Breweries & Wineries Interest Coverage Historical Data

The historical data trend for Som Distilleries Breweries & Wineries'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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Som Distilleries Breweries & Wineries Interest Coverage Chart

Som Distilleries Breweries & Wineries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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2.12

0.20

5.33

10.78

Som Distilleries Breweries & Wineries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															5.99	13.97	8.33	9.84	10.33

Competitive Comparison of Som Distilleries Breweries & Wineries's Interest Coverage

For the Beverages - Brewers subindustry, Som Distilleries Breweries & Wineries'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.

Som Distilleries Breweries & Wineries's Interest Coverage Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Som Distilleries Breweries & Wineries's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Som Distilleries Breweries & Wineries's Interest Coverage falls into.

Som Distilleries Breweries & Wineries 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.

Som Distilleries Breweries & Wineries'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, Som Distilleries Breweries & Wineries's Interest Expense was ₹-119 Mil. Its Operating Income was ₹1,281 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹992 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	1281.022	/	-118.879
	=	10.78

Som Distilleries Breweries & Wineries's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Som Distilleries Breweries & Wineries's Interest Expense was ₹-35 Mil. Its Operating Income was ₹360 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹992 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	360.095	/	-34.857
	=	10.33

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

Som Distilleries Breweries & Wineries (BOM:507514) 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 .

Som Distilleries Breweries & Wineries Interest Coverage Related Terms

Thank you for viewing the detailed overview of Som Distilleries Breweries & Wineries's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Som Distilleries Breweries & Wineries (BOM:507514) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Som Distilleries Breweries & Wineries Ltd (BOM:507514) » Definitions » Interest Coverage

Traded in Other Exchanges

SDBL:India

Address

23, Zone II, SOM House, Maharana Pratap Nagar, Bhopal, MP, IND, 462011

Website

https://www.somindia.com

Som Distilleries Breweries & Wineries Ltd is engaged in the brewing, bottling, canning, and blending of alcoholic beverages: beer and Indian-made foreign liquor (IMFL). The company is based in India and has established a sales and distribution network within the country. The product portfolio consists of beer, rum, brandy, vodka, and whiskey. The core brands include Hunter Beer, Woodpecker Beer, Black Fort, and other brands such as Legend, Genius, Sunny, Gypsy, and Blue Chip. Substantial revenue is derived from the sales of beer. Some export products to Africa, America, Asia, and the Middle East regions.

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