Yasons Chemex Care (NSE:YCCL) Interest Coverage : 1.10 (As of Mar. 2023)

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What is Yasons Chemex Care 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. Yasons Chemex Care's Operating Income for the six months ended in Mar. 2023 was ₹4.0 Mil. Yasons Chemex Care's Interest Expense for the six months ended in Mar. 2023 was ₹-3.6 Mil. Yasons Chemex Care's interest coverage for the quarter that ended in Mar. 2023 was 1.10. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Yasons Chemex Care's Interest Coverage or its related term are showing as below:

NSE:YCCL' s Interest Coverage Range Over the Past 10 Years
Min: 1.1 Med: 10.5 Max: 29.13
Current: 1.1

NSE:YCCL's Interest Coverage is ranked worse than
92.88% of 1180 companies
in the Chemicals industry
Industry Median: 9.71 vs NSE:YCCL: 1.10

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

Yasons Chemex Care Interest Coverage Historical Data

The historical data trend for Yasons Chemex Care'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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Yasons Chemex Care Interest Coverage Chart

Yasons Chemex Care Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

24.54

29.13

10.50

5.78

1.10

Yasons Chemex Care Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Mar23
Interest Coverage	24.54	29.13	10.50	5.78	1.10

Competitive Comparison of Yasons Chemex Care's Interest Coverage

For the Specialty Chemicals subindustry, Yasons Chemex Care'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.

Yasons Chemex Care's Interest Coverage Distribution in the Chemicals Industry

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

* The bar in red indicates where Yasons Chemex Care's Interest Coverage falls into.

Yasons Chemex Care 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.

Yasons Chemex Care'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, Yasons Chemex Care's Interest Expense was ₹-3.6 Mil. Its Operating Income was ₹4.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹7.7 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	3.951	/	-3.58
	=	1.10

Yasons Chemex Care's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Here, for the six months ended in Mar. 2023, Yasons Chemex Care's Interest Expense was ₹-3.6 Mil. Its Operating Income was ₹4.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹7.7 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	3.951	/	-3.58
	=	1.10

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

Yasons Chemex Care (NSE:YCCL) 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 .

Yasons Chemex Care Interest Coverage Related Terms

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

Yasons Chemex Care (NSE:YCCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Yasons Chemex Care Ltd (NSE:YCCL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

132ft Ring Road, 4th floor, 412 Sigma Icon-1, Opposite Medilink Hospital, Satellite, Ahmedabad, GJ, IND, 380015

Website

https://www.yasonschemexcare.com

Yasons Chemex Care Ltd is engaged in manufacturing dyes & pigment paste, IMCG, and FMCG products. The IMCG products of the company includes Textile dyes, pigments and paints. The Company also manufactures a wide range of pigment paste from various chemicals. Within FMCG it manufactures or packages products such as hair oil, perfumes & deodorant, handmade soap, sanitizer, etc., under its brand name PLXO.

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