India Inc exhibits viable debt servicing capacity despite higher borrowing costs

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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.

from Stocks-Markets-Economic Times https://ift.tt/ce0ZQlu

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