Zodiac Energy (NSE:ZODIACSMN) Interest Coverage : 7.26 (As of Mar. 2024)

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What is Zodiac Energy 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. Zodiac Energy's Operating Income for the three months ended in Mar. 2024 was ₹86 Mil. Zodiac Energy's Interest Expense for the three months ended in Mar. 2024 was ₹-12 Mil. Zodiac Energy's interest coverage for the quarter that ended in Mar. 2024 was 7.26. The higher the ratio, the stronger the company's financial strength is.

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

NSE:ZODIACSMN' s Interest Coverage Range Over the Past 10 Years
Min: 1.21 Med: 5.75 Max: 68.35
Current: 4.12

NSE:ZODIACSMN's Interest Coverage is ranked worse than
77.74% of 629 companies
in the Semiconductors industry
Industry Median: 19.83 vs NSE:ZODIACSMN: 4.12

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

Zodiac Energy Interest Coverage Historical Data

The historical data trend for Zodiac Energy'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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Zodiac Energy Interest Coverage Chart

Zodiac Energy Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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9.99

10.89

7.37

2.11

4.12

Zodiac Energy Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															3.05	1.60	2.49	5.31	7.26

Competitive Comparison of Zodiac Energy's Interest Coverage

For the Solar subindustry, Zodiac Energy'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.

Zodiac Energy's Interest Coverage Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Zodiac Energy's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Zodiac Energy's Interest Coverage falls into.

Zodiac Energy 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.

Zodiac Energy'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, Zodiac Energy's Interest Expense was ₹-44 Mil. Its Operating Income was ₹182 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹88 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	181.81	/	-44.102
	=	4.12

Zodiac Energy's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Zodiac Energy's Interest Expense was ₹-12 Mil. Its Operating Income was ₹86 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹88 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	86.203	/	-11.877
	=	7.26

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

Zodiac Energy (NSE:ZODIACSMN) 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 .

Zodiac Energy Interest Coverage Related Terms

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

Zodiac Energy (NSE:ZODIACSMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zodiac Energy Ltd (NSE:ZODIACSMN) » Definitions » Interest Coverage

Traded in Other Exchanges

543416:India

Address

Drive-In-Road, 4-5-6 Upper Ground Floor, Milestone Building, Near Khodiyar Restaurant, Near Drive-In Cinema, Thaltej, Ahmedabad, GJ, IND, 380054

Website

https://www.zodiacenergy.com

Zodiac Energy Ltd operates as an energy solution provider company in India. It installs power generation plants. It is engaged in the design, supply, installation, testing, commissioning, operation, and maintenance of solar power equipment. Its products include solar photovoltaic rooftop solutions, Concentrating Solar Power Systems, solar photovoltaic solar pumping solutions, solar thermal solar water heater solutions, and many more. The company primarily operates in the segment of sale of solar-based power plants and related items. The company's services include Building Integrated Photovoltaics (BIPV) systems, emerging technologies, and co-generation power plants.

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