India Inc exhibits viable debt servicing capacity despite higher borrowing costs
Debt servicing capacity of manufacturing companies measured by interest coverage ratio (ICR) moderated to 7.3 in 2022-23 from 8.4 in 2021-22 due to a rise in interest expenses. But the metric was significantly higher than the minimum viable value of 1.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
