The ratio indicates the ease with which a company can pay interest on the borrowings — higher the ratio, better it is. It is calculated by dividing the operating profit (earnings before interest and tax or EBIT) by interest outgo for a given period.
Can Nifty, Sensex extend gains after rallying up to 2% last week? 4 factors to watch on Monday
Indian benchmark indices Sensex and Nifty ended the week higher, gaining up to 0.5%, even as broader markets declined amid rising crude oil prices above