Data Patterns (India) (BOM:543428) Interest Coverage : 24.46 (As of Dec. 2023)

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What is Data Patterns (India) 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. Data Patterns (India)'s Operating Income for the three months ended in Dec. 2023 was ₹567 Mil. Data Patterns (India)'s Interest Expense for the three months ended in Dec. 2023 was ₹-23 Mil. Data Patterns (India)'s interest coverage for the quarter that ended in Dec. 2023 was 24.46. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Data Patterns (India) Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Data Patterns (India)'s Interest Coverage or its related term are showing as below:

BOM:543428' s Interest Coverage Range Over the Past 10 Years
Min: 2.45 Med: 9.34 Max: 112.25
Current: 67.97

BOM:543428's Interest Coverage is ranked better than
85.58% of 208 companies
in the Aerospace & Defense industry
Industry Median: 6.855 vs BOM:543428: 67.97

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

Data Patterns (India) Interest Coverage Historical Data

The historical data trend for Data Patterns (India)'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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Data Patterns (India) Interest Coverage Chart

Data Patterns (India) Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

2.45

2.94

9.34

23.64

112.25

Data Patterns (India) Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial											21.00	-	14.53	16.68	24.46

Competitive Comparison of Data Patterns (India)'s Interest Coverage

For the Aerospace & Defense subindustry, Data Patterns (India)'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.

Data Patterns (India)'s Interest Coverage Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Data Patterns (India)'s Interest Coverage distribution charts can be found below:

* The bar in red indicates where Data Patterns (India)'s Interest Coverage falls into.

Data Patterns (India) 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.

Data Patterns (India)'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, Data Patterns (India)'s Interest Expense was ₹-15 Mil. Its Operating Income was ₹1,706 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹7 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	1706.2	/	-15.2
	=	112.25

Data Patterns (India)'s Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Data Patterns (India)'s Interest Expense was ₹-23 Mil. Its Operating Income was ₹567 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	567.4	/	-23.2
	=	24.46

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

Data Patterns (India) (BOM:543428) 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 .

Data Patterns (India) Interest Coverage Related Terms

Thank you for viewing the detailed overview of Data Patterns (India)'s Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Data Patterns (India) (BOM:543428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Data Patterns (India) Ltd (BOM:543428) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

DATAPATTNS:India

Address

Plot H9, Fourth Main Road, SIPCOT IT Park, Siruseri, Chennai, TN, IND, 603103

Website

https://www.datapatternsindia.com

Data Patterns (India) Ltd is a defense and aerospace electronics solutions provider catering to the indigenously developed defense products industry. The company offers products to the entire spectrum of defense and aerospace platforms such as space, air, land, and sea. The Company operates only in one business segment i.e. manufacture, sale and service of defense electronics.

Data Patterns (India) (BOM:543428) Headlines

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