Artemis Hali AS (IST:ARTMS) Interest Coverage : N/A (As of Sep. 2023)

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What is Artemis Hali 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. Artemis Hali AS's Operating Income for the three months ended in Sep. 2023 was ₺0.00 Mil. Artemis Hali AS's Interest Expense for the three months ended in Sep. 2023 was ₺0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. 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. Artemis Hali AS interest coverage is 3.57, which is low.

The historical rank and industry rank for Artemis Hali AS's Interest Coverage or its related term are showing as below:

IST:ARTMS' s Interest Coverage Range Over the Past 10 Years
Min: 0.87 Med: 1.95 Max: 3.57
Current: 3.57

IST:ARTMS's Interest Coverage is ranked worse than
58.91% of 718 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.245 vs IST:ARTMS: 3.57

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

Artemis Hali AS Interest Coverage Historical Data

The historical data trend for Artemis Hali 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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Artemis Hali AS Interest Coverage Chart

Artemis Hali AS Annual Data

Trend

Dec20

Dec21

Dec22

Interest Coverage

1.95

0.87

2.56

Artemis Hali AS Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Sep23
Interest Coverage	N/A	N/A	No Debt	3.57	N/A

Competitive Comparison of Artemis Hali AS's Interest Coverage

For the Textile Manufacturing subindustry, Artemis Hali 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.

Artemis Hali AS's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Artemis Hali AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Artemis Hali AS's Interest Coverage falls into.

Artemis Hali 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.

Artemis Hali AS's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Artemis Hali AS's Interest Expense was ₺-41.20 Mil. Its Operating Income was ₺105.32 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺10.17 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	105.32	/	-41.204
	=	2.56

Artemis Hali AS's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Artemis Hali AS's Interest Expense was ₺0.00 Mil. Its Operating Income was ₺0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺57.46 Mil.

GuruFocus does not calculate Artemis Hali AS's interest coverage with the available data.

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

Artemis Hali AS (IST:ARTMS) 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 .

Artemis Hali AS Interest Coverage Related Terms

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

Artemis Hali AS (IST:ARTMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Artemis Hali AS (IST:ARTMS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Balmumcu District Itri Street No:8/1, Turkey, TUR

Website

https://www.artemishali.com.tr

Artemis Hali AS is a company whose business activity is manufacturing, importing, exporting, buying-selling and marketing all kinds of handmade carpets and machine-made carpets, runners, prayer rugs, rugs, blankets and textile products.

Artemis Hali AS (IST:ARTMS) Headlines

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