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Medi Assist Healthcare Services (NSE:MEDIASSIST) Interest Coverage : 34.49 (As of Sep. 2023)


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What is Medi Assist Healthcare 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. Medi Assist Healthcare Services's Operating Income for the six months ended in Sep. 2023 was ₹449 Mil. Medi Assist Healthcare Services's Interest Expense for the six months ended in Sep. 2023 was ₹-13 Mil. Medi Assist Healthcare Services's interest coverage for the quarter that ended in Sep. 2023 was 34.49. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Medi Assist Healthcare Services's Interest Coverage or its related term are showing as below:

NSE:MEDIASSIST' s Interest Coverage Range Over the Past 10 Years
Min: 8.79   Med: 22.85   Max: 32.35
Current: 30.32

NSE:MEDIASSIST's Interest Coverage is ranked better than
84.62% of 13 companies
in the Healthcare Plans industry
Industry Median: 7.85 vs NSE:MEDIASSIST: 30.32

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

Medi Assist Healthcare Services Interest Coverage Historical Data

The historical data trend for Medi Assist Healthcare 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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Medi Assist Healthcare Services Interest Coverage Chart

Medi Assist Healthcare Services Annual Data
Trend Mar21 Mar22 Mar23
Interest Coverage
8.79 22.85 32.35

Medi Assist Healthcare Services Semi-Annual Data
Mar21 Mar22 Sep22 Mar23 Sep23
Interest Coverage N/A N/A 40.40 27.30 34.49

Competitive Comparison of Medi Assist Healthcare Services's Interest Coverage

For the Healthcare Plans subindustry, Medi Assist Healthcare 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.

Medi Assist Healthcare Services's Interest Coverage Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Medi Assist Healthcare Services's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Medi Assist Healthcare Services's Interest Coverage falls into.


Medi Assist Healthcare 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.

Medi Assist Healthcare Services'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, Medi Assist Healthcare Services's Interest Expense was ₹-29 Mil. Its Operating Income was ₹946 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹187 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2023 )/Interest Expense (A: Mar. 2023 )
=-1*946.2/-29.25
=32.35

Medi Assist Healthcare Services's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Medi Assist Healthcare Services's Interest Expense was ₹-13 Mil. Its Operating Income was ₹449 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹168 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2023 )/Interest Expense (Q: Sep. 2023 )
=-1*448.72/-13.01
=34.49

* 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.

Medi Assist Healthcare Services  (NSE:MEDIASSIST) 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 .

Medi Assist Healthcare Services Interest Coverage Related Terms

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

Medi Assist Healthcare Services (NSE:MEDIASSIST) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Medi Assist Healthcare Services Ltd (NSE:MEDIASSIST) » Definitions » Interest Coverage
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544088:India
Address
Website
Medi Assist Healthcare Services Ltd is a HealthTech and InsurTech company focused on administering health benefits across employers, retail members, and public health schemes. Its clients are insurance companies and also serve as an intermediary between (a) general and health insurance companies and the insured members, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. The company derives income by providing health management services, software subscription, software license services, consultancy services and other allied services pertaining to healthcare and health insurance sector. It also offers business support services and other technical services.

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