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Zaggle Prepaid Ocean Services (BOM:543985) Interest Coverage : 6.62 (As of Mar. 2024)


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What is Zaggle Prepaid Ocean Services 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. Zaggle Prepaid Ocean Services's Operating Income for the three months ended in Mar. 2024 was ₹251 Mil. Zaggle Prepaid Ocean Services's Interest Expense for the three months ended in Mar. 2024 was ₹-38 Mil. Zaggle Prepaid Ocean Services's interest coverage for the quarter that ended in Mar. 2024 was 6.62. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Zaggle Prepaid Ocean Services's Interest Coverage or its related term are showing as below:

BOM:543985' s Interest Coverage Range Over the Past 10 Years
Min: 2.09   Med: 4.54   Max: 17.24
Current: 6.05


BOM:543985's Interest Coverage is ranked worse than
74.95% of 1601 companies
in the Software industry
Industry Median: 29.29 vs BOM:543985: 6.05

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


Zaggle Prepaid Ocean Services Interest Coverage Historical Data

The historical data trend for Zaggle Prepaid Ocean Services'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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Zaggle Prepaid Ocean Services Interest Coverage Chart

Zaggle Prepaid Ocean Services Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
2.09 6.06 17.24 3.68 4.54

Zaggle Prepaid Ocean Services Quarterly Data
Mar20 Mar21 Mar22 Jun22 Sep22 Mar23 Sep23 Dec23 Mar24
Interest Coverage Get a 7-Day Free Trial Premium Member Only 7.77 N/A 3.75 8.67 6.62

Competitive Comparison of Zaggle Prepaid Ocean Services's Interest Coverage

For the Software - Infrastructure subindustry, Zaggle Prepaid Ocean Services'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.


Zaggle Prepaid Ocean Services's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Zaggle Prepaid Ocean Services's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Zaggle Prepaid Ocean Services's Interest Coverage falls into.



Zaggle Prepaid Ocean Services 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.

Zaggle Prepaid Ocean Services'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, Zaggle Prepaid Ocean Services's Interest Expense was ₹-137 Mil. Its Operating Income was ₹622 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹242 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*622.27/-137.17
=4.54

Zaggle Prepaid Ocean Services's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Zaggle Prepaid Ocean Services's Interest Expense was ₹-38 Mil. Its Operating Income was ₹251 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹242 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*250.72/-37.9
=6.62

* 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.


Zaggle Prepaid Ocean Services  (BOM:543985) 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 .


Zaggle Prepaid Ocean Services Interest Coverage Related Terms

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


Zaggle Prepaid Ocean Services (BOM:543985) Business Description

Traded in Other Exchanges
Address
Yadav Nagar, Boomerang Building, Ground Floor, B-1004, Chandivali, Powai, Mumbai, MH, IND, 400072
Zaggle Prepaid Ocean Services Ltd is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in a segment where it interacts and interfaces with its Customers and end Users and is among a small number of uniquely positioned players with a diversified offering of financial technology (fintech) products and services, having one of the largest number of issued prepaid cards in India in partnership with certain of its banking partners. It has a diversified portfolio of software as a service (SaaS), including tax and payroll software, and a wide touchpoint reach.

Zaggle Prepaid Ocean Services (BOM:543985) Headlines

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