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    HomeNewsBusinessEarningsDespite challenges, midcaps & smallcaps improve debt servicing ability in June quarter

    Despite challenges, midcaps & smallcaps improve debt servicing ability in June quarter

    An analysis of 92 companies from BSE Midcap index and another 856 from BSE Smallcap index revealed that ICR - an indicator of a company's ability to pay interest on debt from earnings - reached a multi-year high in June quarter.

    Ravindra Sonavane
    August 16, 2024 / 17:31 IST
    The ICR is calculated by dividing a company's earnings before interest, tax, depreciation, and amortization (EBITDA) by its interest expenses and, simply put, shows how well a firm can pay the interest due on outstanding debt.
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