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Command Polymers (BOM:543843) Interest Coverage : N/A (As of Sep. 2023)


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What is Command Polymers 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. Command Polymers's Operating Income for the three months ended in Sep. 2023 was ₹0.00 Mil. Command Polymers's Interest Expense for the three months ended in Sep. 2023 was ₹0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Command Polymers's Interest Coverage or its related term are showing as below:

BOM:543843' s Interest Coverage Range Over the Past 10 Years
Min: 1.61   Med: 1.76   Max: 3.83
Current: 3.83


BOM:543843's Interest Coverage is ranked worse than
74.07% of 1184 companies
in the Chemicals industry
Industry Median: 9.71 vs BOM:543843: 3.83

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


Command Polymers Interest Coverage Historical Data

The historical data trend for Command Polymers'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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Command Polymers Interest Coverage Chart

Command Polymers Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Interest Coverage
1.61 1.82 1.70 2.16

Command Polymers Quarterly Data
Mar20 Mar21 Mar22 Dec22 Mar23 Sep23
Interest Coverage Get a 7-Day Free Trial No Debt No Debt N/A 3.83 N/A

Competitive Comparison of Command Polymers's Interest Coverage

For the Specialty Chemicals subindustry, Command Polymers'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.


Command Polymers's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Command Polymers's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Command Polymers's Interest Coverage falls into.



Command Polymers 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.

Command Polymers'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, Command Polymers's Interest Expense was ₹-5.20 Mil. Its Operating Income was ₹11.23 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹34.12 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2023 )/Interest Expense (A: Mar. 2023 )
=-1*11.233/-5.203
=2.16

Command Polymers's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Command Polymers's Interest Expense was ₹0.00 Mil. Its Operating Income was ₹0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹11.00 Mil.

GuruFocus does not calculate Command Polymers's interest coverage with the available data.

* 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.


Command Polymers  (BOM:543843) 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 .


Command Polymers Interest Coverage Related Terms

Thank you for viewing the detailed overview of Command Polymers's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Command Polymers (BOM:543843) Business Description

Traded in Other Exchanges
N/A
Address
Mouza Malancha, J.L.No.87, P.O. Narayanpur, P.S Bhangar, District 24 Parganas (South), Kolkata, WB, IND, 743502
Command Polymers Ltd is in the business of marketing and manufacturing of Polymer-based products. These products include Polythene LF tubes, Tarpaulin sheets, Polyester Fabrics, and other polymers.

Command Polymers (BOM:543843) Headlines

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