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Dishman Carbogen Amics (BOM:540701) Interest Coverage : 1.12 (As of Dec. 2023)


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What is Dishman Carbogen Amics 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. Dishman Carbogen Amics's Operating Income for the three months ended in Dec. 2023 was ₹371 Mil. Dishman Carbogen Amics's Interest Expense for the three months ended in Dec. 2023 was ₹-331 Mil. Dishman Carbogen Amics's interest coverage for the quarter that ended in Dec. 2023 was 1.12. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Dishman Carbogen Amics's Interest Coverage or its related term are showing as below:

BOM:540701' s Interest Coverage Range Over the Past 10 Years
Min: 0.76   Med: 4.43   Max: 7.99
Current: 1.02


BOM:540701's Interest Coverage is ranked worse than
95.07% of 345 companies
in the Biotechnology industry
Industry Median: 144.99 vs BOM:540701: 1.02

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


Dishman Carbogen Amics Interest Coverage Historical Data

The historical data trend for Dishman Carbogen Amics'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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Dishman Carbogen Amics Interest Coverage Chart

Dishman Carbogen Amics Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.99 5.20 - 0.76 1.42

Dishman Carbogen Amics Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.90 2.26 1.81 - 1.12

Competitive Comparison of Dishman Carbogen Amics's Interest Coverage

For the Biotechnology subindustry, Dishman Carbogen Amics'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.


Dishman Carbogen Amics's Interest Coverage Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Dishman Carbogen Amics's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Dishman Carbogen Amics's Interest Coverage falls into.



Dishman Carbogen Amics 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.

Dishman Carbogen Amics'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, Dishman Carbogen Amics's Interest Expense was ₹-744 Mil. Its Operating Income was ₹1,055 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹13,704 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2023 )/Interest Expense (A: Mar. 2023 )
=-1*1054.9/-743.9
=1.42

Dishman Carbogen Amics's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Dishman Carbogen Amics's Interest Expense was ₹-331 Mil. Its Operating Income was ₹371 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*371.2/-330.8
=1.12

* 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.


Dishman Carbogen Amics  (BOM:540701) 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 .


Dishman Carbogen Amics Interest Coverage Related Terms

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Dishman Carbogen Amics (BOM:540701) Business Description

Traded in Other Exchanges
Address
Iscon-Bopal Road, Dishman Corporate House, Ambli, Ahmedabad, GJ, IND, 380 058
Dishman Carbogen Amics Ltd is a biotechnology company that provides contract research and manufacturing services for pharmaceutical companies. It manufactures bulk drugs, specialty chemicals, and outsourced goods. Additionally, the company produces vitamins, such as vitamin D2 and vitamin D3, reagents, antiseptics and disinfectants, transfer catalysts, personal-care ingredients, pharma intermediates, and ammonium and phosphonium high-purity solid Quats. The business generates the vast majority of its revenue in India.

Dishman Carbogen Amics (BOM:540701) Headlines

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