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AHES Gayrimenkul Yatirim Ortakligi AS (IST:AHSGY) Interest Coverage : 65.94 (As of Sep. 2024)


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What is AHES Gayrimenkul Yatirim Ortakligi AS 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. AHES Gayrimenkul Yatirim Ortakligi AS's Operating Income for the three months ended in Sep. 2024 was ₺6.66 Mil. AHES Gayrimenkul Yatirim Ortakligi AS's Interest Expense for the three months ended in Sep. 2024 was ₺-0.10 Mil. AHES Gayrimenkul Yatirim Ortakligi AS's interest coverage for the quarter that ended in Sep. 2024 was 65.94. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. AHES Gayrimenkul Yatirim Ortakligi AS has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for AHES Gayrimenkul Yatirim Ortakligi AS's Interest Coverage or its related term are showing as below:

IST:AHSGY' s Interest Coverage Range Over the Past 10 Years
Min: 10.3   Med: 12.77   Max: 81.99
Current: 81.99


IST:AHSGY's Interest Coverage is ranked better than
86.92% of 711 companies
in the REITs industry
Industry Median: 2.84 vs IST:AHSGY: 81.99

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


AHES Gayrimenkul Yatirim Ortakligi AS Interest Coverage Historical Data

The historical data trend for AHES Gayrimenkul Yatirim Ortakligi AS'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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AHES Gayrimenkul Yatirim Ortakligi AS Interest Coverage Chart

AHES Gayrimenkul Yatirim Ortakligi AS Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
10.30 12.77 29.22

AHES Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Dec21 Dec22 Mar23 Sep23 Dec23 Mar24 Sep24
Interest Coverage Get a 7-Day Free Trial 1.60 0.41 465.71 - 65.94

Competitive Comparison of AHES Gayrimenkul Yatirim Ortakligi AS's Interest Coverage

For the REIT - Diversified subindustry, AHES Gayrimenkul Yatirim Ortakligi AS'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.


AHES Gayrimenkul Yatirim Ortakligi AS's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, AHES Gayrimenkul Yatirim Ortakligi AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where AHES Gayrimenkul Yatirim Ortakligi AS's Interest Coverage falls into.


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AHES Gayrimenkul Yatirim Ortakligi AS 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.

AHES Gayrimenkul Yatirim Ortakligi AS'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, AHES Gayrimenkul Yatirim Ortakligi AS's Interest Expense was ₺-27.13 Mil. Its Operating Income was ₺792.61 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺0.11 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*792.613/-27.125
=29.22

AHES Gayrimenkul Yatirim Ortakligi AS's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, AHES Gayrimenkul Yatirim Ortakligi AS's Interest Expense was ₺-0.10 Mil. Its Operating Income was ₺6.66 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺0.09 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*6.66/-0.101
=65.94

* 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.


AHES Gayrimenkul Yatirim Ortakligi AS  (IST:AHSGY) 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 .


AHES Gayrimenkul Yatirim Ortakligi AS Interest Coverage Related Terms

Thank you for viewing the detailed overview of AHES Gayrimenkul Yatirim Ortakligi AS's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


AHES Gayrimenkul Yatirim Ortakligi AS Business Description

Traded in Other Exchanges
N/A
Address
K?s?kl? Mah. Alemdag Cad. AHES, Business Center D Block No. 53, 2nd floor, Uskudar, Istanbul, TUR
AHES Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust. It is operating in the real estate, construction, contracting and engineering sectors. The company offers an opportunity that opens the door to profitable investments in the future.

AHES Gayrimenkul Yatirim Ortakligi AS Headlines

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