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Koza Altin Izletmeleri AS (Koza Altin Izletmeleri AS) Financial Strength : 10 (As of Dec. 2023)


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What is Koza Altin Izletmeleri AS Financial Strength?

Koza Altin Izletmeleri AS has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Koza Altin Izletmeleri AS shows strong financial strength.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Koza Altin Izletmeleri AS's Interest Coverage for the quarter that ended in Dec. 2023 was 31.85. Koza Altin Izletmeleri AS's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.03. As of today, Koza Altin Izletmeleri AS's Altman Z-Score is 18.33.


Competitive Comparison of Koza Altin Izletmeleri AS's Financial Strength

For the Gold subindustry, Koza Altin Izletmeleri AS's Financial Strength, along with its competitors' market caps and Financial Strength 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.


Koza Altin Izletmeleri AS's Financial Strength Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Koza Altin Izletmeleri AS's Financial Strength distribution charts can be found below:

* The bar in red indicates where Koza Altin Izletmeleri AS's Financial Strength falls into.



Koza Altin Izletmeleri AS Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

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

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:

Koza Altin Izletmeleri AS's Interest Expense for the months ended in Dec. 2023 was $-0.5 Mil. Its Operating Income for the months ended in Dec. 2023 was $17.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.2 Mil.

Koza Altin Izletmeleri AS's Interest Coverage for the quarter that ended in Dec. 2023 is

Interest Coverage=-1*Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*16.977/-0.533
=31.85

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Koza Altin Izletmeleri AS's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(13.461 + 0.215) / 413.516
=0.03

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Koza Altin Izletmeleri AS has a Z-score of 18.33, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 18.33 is strong.

* 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.


Koza Altin Izletmeleri AS  (OTCPK:KOZAY) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Koza Altin Izletmeleri AS has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.


Koza Altin Izletmeleri AS Financial Strength Related Terms

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Koza Altin Izletmeleri AS (Koza Altin Izletmeleri AS) Business Description

Traded in Other Exchanges
Address
?stanbul Yolu, 10.km, No:310, Bat?kent, Ankara, TUR
Koza Altin Izletmeleri AS is a Turkey-based gold production company. The company has over 200 exploration licenses throughout Turkey the Aegean and Marmara regions, the Black Sea region, and Central and Eastern Anatolia. The company owns four operating mines, including an underground mine at Ovacik, a mine in Cukuralan that utilises both underground and open pit mining methods, and an open pit mine at Kaymaz. The company also has feasibility stage projects located near Agri in northeast Turkey and projects in the middle of Turkey.

Koza Altin Izletmeleri AS (Koza Altin Izletmeleri AS) Headlines

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