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Avishkar Infra Realty (BOM:508929) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Avishkar Infra Realty 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. Avishkar Infra Realty's Operating Income for the three months ended in Mar. 2024 was ₹-1.15 Mil. Avishkar Infra Realty's Interest Expense for the three months ended in Mar. 2024 was ₹-1.99 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


BOM:508929's Interest Coverage is not ranked *
in the Homebuilding & Construction industry.
Industry Median: 8.735
* 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.


Avishkar Infra Realty Interest Coverage Historical Data

The historical data trend for Avishkar Infra Realty'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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Avishkar Infra Realty Interest Coverage Chart

Avishkar Infra Realty Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
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Avishkar Infra Realty Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Avishkar Infra Realty's Interest Coverage

For the Residential Construction subindustry, Avishkar Infra Realty'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.


Avishkar Infra Realty's Interest Coverage Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Avishkar Infra Realty's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Avishkar Infra Realty's Interest Coverage falls into.



Avishkar Infra Realty 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.

Avishkar Infra Realty'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, Avishkar Infra Realty's Interest Expense was ₹-8.44 Mil. Its Operating Income was ₹-1.93 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹80.71 Mil.

Avishkar Infra Realty did not have earnings to cover the interest expense.

Avishkar Infra Realty's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Avishkar Infra Realty's Interest Expense was ₹-1.99 Mil. Its Operating Income was ₹-1.15 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹80.71 Mil.

Avishkar Infra Realty did not have earnings to cover the interest expense.

* 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.


Avishkar Infra Realty  (BOM:508929) 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 .


Avishkar Infra Realty Interest Coverage Related Terms

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Avishkar Infra Realty (BOM:508929) Business Description

Traded in Other Exchanges
N/A
Address
306 - 310, Madhava Commercial Complex C-4, 3rd Floor, Bandra Kurla Complex, Near Family Court, Bandra (East), Mumbai, MH, IND, 400051
Joy Realty Ltd is engaged in the real estate business in India. The company's business includes building, development, and redevelopment of real estate properties. Its project includes the Joy Alka located in Andheri (West) Mumbai.

Avishkar Infra Realty (BOM:508929) Headlines

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