GEK Terna Holding Real Estate Construction (GEK Terna Holding Real Estate Construction) Interest Coverage : 2.87 (As of Dec. 2023)

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What is GEK Terna Holding Real Estate Construction 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. GEK Terna Holding Real Estate Construction's Operating Income for the six months ended in Dec. 2023 was $244 Mil. GEK Terna Holding Real Estate Construction's Interest Expense for the six months ended in Dec. 2023 was $-85 Mil. GEK Terna Holding Real Estate Construction's interest coverage for the quarter that ended in Dec. 2023 was 2.87. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. GEK Terna Holding Real Estate Construction SA interest coverage is 2.66, which is low.

The historical rank and industry rank for GEK Terna Holding Real Estate Construction's Interest Coverage or its related term are showing as below:

GKTRF' s Interest Coverage Range Over the Past 10 Years
Min: 0.72 Med: 1.81 Max: 4.9
Current: 2.66

GKTRF's Interest Coverage is ranked worse than
74.5% of 1255 companies
in the Construction industry
Industry Median: 7.04 vs GKTRF: 2.66

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

GEK Terna Holding Real Estate Construction Interest Coverage Historical Data

The historical data trend for GEK Terna Holding Real Estate Construction'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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GEK Terna Holding Real Estate Construction Interest Coverage Chart

GEK Terna Holding Real Estate Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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1.62

1.23

1.77

4.90

2.66

GEK Terna Holding Real Estate Construction Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															2.35	3.18	6.32	2.40	2.87

Competitive Comparison of GEK Terna Holding Real Estate Construction's Interest Coverage

For the Engineering & Construction subindustry, GEK Terna Holding Real Estate Construction'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.

GEK Terna Holding Real Estate Construction's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, GEK Terna Holding Real Estate Construction's Interest Coverage distribution charts can be found below:

* The bar in red indicates where GEK Terna Holding Real Estate Construction's Interest Coverage falls into.

GEK Terna Holding Real Estate Construction 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.

GEK Terna Holding Real Estate Construction'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, GEK Terna Holding Real Estate Construction's Interest Expense was $-152 Mil. Its Operating Income was $405 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,069 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	405.302	/	-152.345
	=	2.66

GEK Terna Holding Real Estate Construction's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, GEK Terna Holding Real Estate Construction's Interest Expense was $-85 Mil. Its Operating Income was $244 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,069 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	244.312	/	-85.147
	=	2.87

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

GEK Terna Holding Real Estate Construction (OTCPK:GKTRF) 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 .

GEK Terna Holding Real Estate Construction Interest Coverage Related Terms

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

GEK Terna Holding Real Estate Construction (GEK Terna Holding Real Estate Construction) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » GEK Terna Holding Real Estate Construction SA (OTCPK:GKTRF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

GEKTERNA:Greece 1GT:Germany

Address

85, Mesogeion Avenue, Athens, GRC, 115 26

Website

https://www.gekterna.com

GEK Terna Holding Real Estate Construction SA is a building construction company engaged in the development and management of investment property. The firm constructs property of any kind, manages self-financed or co-financed projects, operates energy projects, as well as its, participates in companies having similar activities. It operates in seven business segments, Construction, Electricity from RES, Electricity from thermal energy, Real Estate, Industry, Concessions, and Holding. Construction refers to contracts for the construction of technical projects. GEK Terna operates in over 14 countries including Greece, Central and Southeastern Europe, the USA, North Africa, and the Middle East.

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