Freedom Holding (Freedom Holding) Interest Coverage : 1.84 (As of Dec. 2023)

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What is Freedom Holding Interest Coverage?

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. Freedom Holding's Operating Income for the three months ended in Dec. 2023 was $241 Mil. Freedom Holding's Interest Expense for the three months ended in Dec. 2023 was $-131 Mil. Freedom Holding's interest coverage for the quarter that ended in Dec. 2023 was 1.84. The higher the ratio, the stronger the company's financial strength is.

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

FRHC' s Interest Coverage Range Over the Past 10 Years
Min: 1.6 Med: 4.78 Max: No Debt
Current: 1.95

FRHC's Interest Coverage is ranked worse than
81.19% of 452 companies
in the Capital Markets industry
Industry Median: 19.255 vs FRHC: 1.95

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

Freedom Holding Interest Coverage Historical Data

The historical data trend for Freedom Holding'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.

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Freedom Holding Interest Coverage Chart

Freedom Holding Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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1.60

3.75

7.93

5.81

2.25

Freedom Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															2.00	2.27	1.86	1.93	1.84

Competitive Comparison of Freedom Holding's Interest Coverage

For the Capital Markets subindustry, Freedom Holding'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.

Freedom Holding's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Freedom Holding's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Freedom Holding's Interest Coverage falls into.

Freedom Holding 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.

Freedom Holding's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Freedom Holding's Interest Expense was $-209 Mil. Its Operating Income was $471 Mil. And its Long-Term Debt & Capital Lease Obligation was $90 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	470.556	/	-208.947
	=	2.25

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

Here, for the three months ended in Dec. 2023, Freedom Holding's Interest Expense was $-131 Mil. Its Operating Income was $241 Mil. And its Long-Term Debt & Capital Lease Obligation was $301 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	240.997	/	-131.223
	=	1.84

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

Freedom Holding (NAS:FRHC) 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 .

Freedom Holding Interest Coverage Related Terms

Thank you for viewing the detailed overview of Freedom Holding's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Freedom Holding (Freedom Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Freedom Holding Corp (NAS:FRHC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

FRHC_KZ:Kazakhstan DMW2:Germany

Address

No. 77-7 Al Farabi Avenue, Esentai Tower BC, Floor 7, Almaty, KAZ, 050040

Website

https://www.freedomholdingcorp.com

Freedom Holding Corp is engaged in a broad range of activities in the securities industry, including retail securities brokerage, research, investment counseling, securities trading, market making, corporate investment banking, and underwriting services in Eurasia. It acts as a professional participant through its subsidiaries on the Kazakhstan Stock Exchange (KASE), Moscow Exchange (MOEX), Saint-Petersburg Exchange (SPB), the Ukrainian Exchange, the Uzbek Republican Currency Exchange (UZCE), and the Republican Stock Exchange of Tashkent (UZSE). Its geographical segments are Central Asia, Europe, the United States, and the Middle East/Caucasus, of which Europe accounts for the majority of its revenue.

Executives

Sergey Lukyanov	officer: *See Remarks	ESENTAI TOWER BC, FLOOR 7, 77/7 AL FARABI AVE, ALMATY 1P 050040
Evgeny Ler	officer: Chief Financial Officer	202 DOSTYK AVE, 4TH FLOOR, ALMATY 1P 050051
Liudmila Kiriaku	officer: VP of Compliance until 8/18/23	CHIRSTAKI KRANOU 20 C TOWER 5TH FL, LIMASSOL G4 4041
Robert Wotczak	officer: CEO - Prime Executions	C/O TOMI ENVIRONMENTAL SOLUTIONS, INC., 5111 PEGASUS COURT, FREDERICK MD 21704
Renat Tukanov	officer: CHIEF TECHNOLOGY OFFICER	"ESENTIA TOWER" BC, FLOOR 7, 77/7 AL FARABI AVE, ALMATY 1P 050040
Boris Cherdabayev	10 percent owner, officer: Chief Operating Officer	C/O POULTON & YORDAN, 324 SOUTH 400 WEST SUITE 250, SALT LAKE CITY UT 84101
Amber Williams	director	324 SOUTH 400 WEST, SUITE 250, SALT LAKE CITY UT 84101
Askar Tashtitov	officer: President	KURMANGAZY ST 31, APT 38, ALMATY 1P 050051
Arkady V Rakhilkin	director	AL-FARABI 17, NURLY TAU 4B, OFFICE 104, ALMATY 1P 050059
Timur R Turlov	director, 10 percent owner, officer: Chief Executive Officer	VLANSKIY PER. 14B, AP. 67, MOSCOW 1Z 101000
Toleush Tolmakov	10 percent owner, officer: Vice President	202 DOSTYK AVE., 4TH FLOOR, ALMATY 1P 050051
Daymon M. Smith	director	352 E. 426 N., ALPINE UT 84004
Anuarbek Baimoldin	officer: Chief Operating Officer	202 DOSTYK AVE. 4TH FLOOR, ALMATY 1P 050051
Jason M Kerr	director	1038 SOUTH 750 EAST, KAYSVILLE UT 84037
Jsc Compass Asset Management	10 percent owner	240V FURMANOVA STREET, ALMATY 1P 050059