National Highways Infra Trust (BOM:543385) Interest Coverage : 1.91 (As of Sep. 2023)

National Highways Infra Trust Interest Coverage Chart

National Highways Infra Trust Quarterly Data
	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial					2.78	2.02	1.94	2.09	1.91

Competitive Comparison of National Highways Infra Trust's Interest Coverage

For the Shell Companies subindustry, National Highways Infra Trust'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.

National Highways Infra Trust's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, National Highways Infra Trust's Interest Coverage distribution charts can be found below:

* The bar in red indicates where National Highways Infra Trust's Interest Coverage falls into.

National Highways Infra Trust 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

National Highways Infra Trust'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, National Highways Infra Trust's Interest Expense was ₹-1,637 Mil. Its Operating Income was ₹3,767 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹29,216 Mil.

National Highways Infra Trust's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, National Highways Infra Trust's Interest Expense was ₹-639 Mil. Its Operating Income was ₹1,222 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹29,519 Mil.

* 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.

National Highways Infra Trust  (BOM:543385) 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 .

National Highways Infra Trust Interest Coverage Related Terms

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National Highways Infra Trust (BOM:543385) Business Description