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AA Plus Tradelink (BOM:543319) Interest Coverage : No Debt (1) (As of Mar. 2024)


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What is AA Plus Tradelink 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. AA Plus Tradelink's Operating Income for the six months ended in Mar. 2024 was ₹-0.7 Mil. AA Plus Tradelink's Interest Expense for the six months ended in Mar. 2024 was ₹0.0 Mil. AA Plus Tradelink has no debt. The higher the ratio, the stronger the company's financial strength is.

(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 AA Plus Tradelink's Interest Coverage or its related term are showing as below:


BOM:543319's Interest Coverage is not ranked *
in the Industrial Products industry.
Industry Median: 13.79
* 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.


AA Plus Tradelink Interest Coverage Historical Data

The historical data trend for AA Plus Tradelink'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.

AA Plus Tradelink Interest Coverage Chart

AA Plus Tradelink Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
Get a 7-Day Free Trial - - - No Debt No Debt

AA Plus Tradelink Semi-Annual Data
Mar18 Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - No Debt No Debt

Competitive Comparison of AA Plus Tradelink's Interest Coverage

For the Metal Fabrication subindustry, AA Plus Tradelink'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.


AA Plus Tradelink's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, AA Plus Tradelink's Interest Coverage distribution charts can be found below:

* The bar in red indicates where AA Plus Tradelink's Interest Coverage falls into.



AA Plus Tradelink 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.

AA Plus Tradelink'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, AA Plus Tradelink's Interest Expense was ₹0.0 Mil. Its Operating Income was ₹-2.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

AA Plus Tradelink had no debt (1).

AA Plus Tradelink's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, AA Plus Tradelink's Interest Expense was ₹0.0 Mil. Its Operating Income was ₹-0.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

AA Plus Tradelink 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.


AA Plus Tradelink  (BOM:543319) 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 .


AA Plus Tradelink Interest Coverage Related Terms

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AA Plus Tradelink (BOM:543319) Business Description

Traded in Other Exchanges
N/A
Address
Jambli Gali, Gomati Bhuvan, Near Jain Temple, B-702, Divine Jalpa, Borivali (West), Mumbai, MH, IND, 400092
AA Plus Tradelink Ltd is engaged in the trading of products made of iron & steel, aluminium, graphite, and other alloy products. It offers a diversified range of products such as aluminium bars, Aluminium Scrap, Aluminium Powder, G I pipes, Graphite Flakes, Graphite Powder, Graphite Rods and others. The Company's Business activity falls in Single Primary segment which is Trading in Industrial.

AA Plus Tradelink (BOM:543319) Headlines

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