Sangani Hospitals (NSE:SANGANI) Interest Coverage : 68.04 (As of Mar. 2023)

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What is Sangani Hospitals 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. Sangani Hospitals's Operating Income for the six months ended in Mar. 2023 was ₹20.1 Mil. Sangani Hospitals's Interest Expense for the six months ended in Mar. 2023 was ₹-0.3 Mil. Sangani Hospitals's interest coverage for the quarter that ended in Mar. 2023 was 68.04. 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. Sangani Hospitals Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

NSE:SANGANI' s Interest Coverage Range Over the Past 10 Years
Min: 6.25 Med: 41.38 Max: 69
Current: 68.04

NSE:SANGANI's Interest Coverage is ranked better than
78.57% of 406 companies
in the Healthcare Providers & Services industry
Industry Median: 9.145 vs NSE:SANGANI: 68.04

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

Sangani Hospitals Interest Coverage Historical Data

The historical data trend for Sangani Hospitals'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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Sangani Hospitals Interest Coverage Chart

Sangani Hospitals Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Interest Coverage

6.25

14.71

69.00

68.04

Sangani Hospitals Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Interest Coverage	6.25	14.71	69.00	68.04

Competitive Comparison of Sangani Hospitals's Interest Coverage

For the Medical Care Facilities subindustry, Sangani Hospitals'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.

Sangani Hospitals's Interest Coverage Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Sangani Hospitals's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sangani Hospitals's Interest Coverage falls into.

Sangani Hospitals 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.

Sangani Hospitals'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, Sangani Hospitals's Interest Expense was ₹-0.3 Mil. Its Operating Income was ₹20.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	20.139	/	-0.296
	=	68.04

Sangani Hospitals's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Here, for the six months ended in Mar. 2023, Sangani Hospitals's Interest Expense was ₹-0.3 Mil. Its Operating Income was ₹20.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	20.139	/	-0.296
	=	68.04

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

Sangani Hospitals (NSE:SANGANI) 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 .

Sangani Hospitals Interest Coverage Related Terms

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

Sangani Hospitals (NSE:SANGANI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Sangani Hospitals Ltd (NSE:SANGANI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sainath Society, Opp. S. T, Village Keshod, Junagadh, GJ, IND, 362220

Website

https://www.sanganihospitals.com

Sangani Hospitals Ltd is a multi-specialty healthcare provider operating in the Keshod and Veraval regions of Gujarat with a combined bed capacity of 68 beds. Its services predominantly includes super specialty services, specialty services and other support services. It also operates a pathology laboratory and medical store. Currently, It operates out of two hospitals i.e. Sangani Hospital at Keshod, Junagadh, Gujarat and Sangani Super Speciality Hospital, Veraval, Gujarat. Sangani Hospital is 36 beds multi-specialty hospital with primary, secondary and tertiary care facilities.

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