Onyx Touristiki (ATH:ONYX) Interest Coverage: 0.80 (As of Dec. 2023)


What is Onyx Touristiki Interest Coverage?

Onyx Touristiki ATH:ONYX -0.27% Interest Coverage is 0.80 as of Dec. 2023.

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 by its Interest Expense. Onyx Touristiki's Operating Income for the six months ended in Dec. 2023 was €0.15 Mil. Onyx Touristiki's Interest Expense for the six months ended in Dec. 2023 was €-0.18 Mil. Onyx Touristiki's interest coverage for the quarter that ended in Dec. 2023 was 0.80. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Onyx Touristiki's Interest Coverage or its related term are showing as below:


ATH:ONYX's Interest Coverage is not ranked *
in the Real Estate industry.
Industry Median: 4.25
* Ranked among companies with meaningful Interest Coverage only.

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

Onyx Touristiki  (ATH:ONYX) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Onyx Touristiki Interest Coverage Related Terms

Onyx Touristiki Interest Coverage Historical Data

* Premium members only.

The historical data trend for Onyx Touristiki's Interest Coverage can be seen below:

* 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Onyx Touristiki Interest Coverage Chart

Onyx Touristiki Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
0.84 4.29 0.80

Onyx Touristiki Semi-Annual Data
Dec21 Dec22 Dec23
Interest Coverage 0.84 4.29 0.80

ATH:ONYX vs RL, LEVI, VFC: Interest Coverage Comparison

For the Real Estate - Diversified subindustry, Onyx Touristiki's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.

Onyx Touristiki Interest Coverage vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Onyx Touristiki's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Onyx Touristiki's Interest Coverage falls into.


Onyx Touristiki Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


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

Onyx Touristiki's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Onyx Touristiki's Interest Expense was €-0.18 Mil. Its Operating Income was €0.15 Mil. And its Long-Term Debt & Capital Lease Obligation was €3.84 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*0.147/-0.184
=0.80

Onyx Touristiki's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Onyx Touristiki's Interest Expense was €-0.18 Mil. Its Operating Income was €0.15 Mil. And its Long-Term Debt & Capital Lease Obligation was €3.84 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*0.147/-0.184
=0.80

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 0.80 mean?
Onyx Touristiki (ATH:ONYX) has a Interest Coverage of 0.80 as of Dec. 2023. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Onyx Touristiki and its competitors.
Is Onyx Touristiki's Interest Coverage too high?
Onyx Touristiki's current Interest Coverage is 0.80. The Real Estate industry median Interest Coverage is 4.25. Onyx Touristiki's value of 0.80 is 81.2% below this industry median.
How does Onyx Touristiki's Interest Coverage compare to RL and LEVI?
Onyx Touristiki's Interest Coverage of 0.80 can be compared against companies in the Real Estate industry. The industry median Interest Coverage is 4.25. Onyx Touristiki's value of 0.80 is 81.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Real Estate company?
The median Interest Coverage among Real Estate companies is 4.25, based on 1,299 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Onyx Touristiki's current Interest Coverage of 0.80 is 81.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Onyx Touristiki and its competitors. For the Real Estate industry, the median Interest Coverage is 4.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onyx Touristiki's current Interest Coverage is 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onyx Touristiki stock overvalued right now?
Onyx Touristiki (ATH:ONYX) has a current Interest Coverage of 0.80. The current Interest Coverage is 0.80 and 81.2% below the Real Estate industry median of 4.25. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Onyx Touristiki (ATH:ONYX), the current Interest Coverage is 0.80 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Onyx Touristiki Business Description

Address Acheloou 9, Thessaloniki, GRC, 54628
Onyx Touristiki SA is engaged in agri-tourism and luxury real estate development. The company focuses on sustainability, using renewable energy and local agri-food production to support tourism.