Ayen Enerji AS (IST:AYEN) Interest Coverage: 4.84 (As of Mar. 2026) — 159% Above Median


IST:AYEN Ayen Enerji AS IST:AYEN
49 GF Score
Price ₺38.68
GF Value ₺23.30
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Ayen Enerji AS Interest Coverage?

Ayen Enerji AS IST:AYEN +6.73% 49 Interest Coverage is 4.84 as of Mar. 2026, which is 159% above its 10-year median of 1.87. GuruFocus rates IST:AYEN with a GF Score™ of 49/100 and a GF Value™ of ₺23.30 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 321 Utilities - Independent Power Producers companies, Ayen Enerji AS ranks worse than 55.76% on this metric.

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. Ayen Enerji AS's Operating Income for the three months ended in Mar. 2026 was ₺719 Mil. Ayen Enerji AS's Interest Expense for the three months ended in Mar. 2026 was ₺-149 Mil. Ayen Enerji AS's interest coverage for the quarter that ended in Mar. 2026 was 4.84. The higher the ratio, the stronger the company's financial strength is.

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

IST:AYEN' s Interest Coverage Range Over the Past 10 Years
Min: 1.13   Med: 1.87   Max: 8.52
Current: 2.48


IST:AYEN's Interest Coverage is ranked worse than
55.76% of 321 companies
in the Utilities - Independent Power Producers industry
Industry Median: 2.92 vs IST:AYEN: 2.48

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


Ayen Enerji AS  (IST:AYEN) 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 .


Ayen Enerji AS Interest Coverage Related Terms


Ayen Enerji AS Interest Coverage Historical Data

* Premium members only.

The historical data trend for Ayen Enerji 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.

Ayen Enerji AS Interest Coverage Chart

Ayen Enerji AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.10 8.52 1.91 2.38 2.00

Ayen Enerji AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.16 2.51 0.00 2.88 4.84

Ayen Enerji AS Interest Coverage Competitor Comparison

For the Utilities - Renewable subindustry, Ayen Enerji 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.


Ayen Enerji AS Interest Coverage vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Ayen Enerji AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ayen Enerji AS's Interest Coverage falls into.


IST:AYEN
49GF Score
Ayen Enerji AS IST:AYEN
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ayen Enerji 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.

Ayen Enerji AS's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Ayen Enerji AS's Interest Expense was ₺-583 Mil. Its Operating Income was ₺1,168 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺5,179 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*1168.176/-583.335
=2.00

Ayen Enerji AS's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Ayen Enerji AS's Interest Expense was ₺-149 Mil. Its Operating Income was ₺719 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺5,128 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*718.912/-148.609
=4.84

* 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 4.84 mean?
Ayen Enerji AS (IST:AYEN) has a Interest Coverage of 4.84 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ayen Enerji AS and its competitors. This is 159% above median its historical median of 1.87. Over the past decade, Ayen Enerji AS's Interest Coverage has ranged from 1.13 to 8.52. According to the industry distribution chart, Ayen Enerji AS ranks #179 out of 321 companies in the Utilities - Independent Power Producers industry, placing it in the top 55.8%.
Is Ayen Enerji AS's Interest Coverage too high?
Ayen Enerji AS's current Interest Coverage of 4.84 is 159% above median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 1.13 to a high of 8.52. The Utilities - Independent Power Producers industry median Interest Coverage is 2.92. Ayen Enerji AS's value of 4.84 is 65.8% above this industry median. Based on the distribution chart, Ayen Enerji AS ranks #179 out of 321 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Ayen Enerji AS has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ayen Enerji AS's Interest Coverage compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Ayen Enerji AS ranks #179 out of 321 companies for Interest Coverage. This places Ayen Enerji AS in the lower half of its industry. The industry median Interest Coverage is 2.92. Ayen Enerji AS's value of 4.84 is 65.8% above this benchmark. Historically, Ayen Enerji AS's own Interest Coverage has ranged from 1.13 to 8.52 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 2.92, Ayen Enerji AS has consistently been above the industry average. 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 an Utilities - Independent Power Producers company?
The median Interest Coverage among Utilities - Independent Power Producers companies is 2.92, based on 321 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. Ayen Enerji AS's current Interest Coverage of 4.84 is 65.8% above 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 Ayen Enerji AS and its competitors. For the Utilities - Independent Power Producers industry, the median Interest Coverage is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ayen Enerji AS's current Interest Coverage is 4.84, which is 159% above median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ayen Enerji AS stock overvalued right now?
Based on GuruFocus' analysis, Ayen Enerji AS (IST:AYEN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺23.30, compared to a current price of ₺38.68 — trading 66% above its estimated fair value. The current Interest Coverage is 4.84, which is 159% above median its 10-year median of 1.87 and 65.8% above the Utilities - Independent Power Producers industry median of 2.92. Ayen Enerji AS's overall GF Score™ is 49/100 with 10 warning signs to review. 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 Ayen Enerji AS (IST:AYEN), the current Interest Coverage is 4.84 as of Mar. 2026. 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.

Is Ayen Enerji AS (IST:AYEN) Overvalued in 2026?

Based on GuruFocus' analysis, Ayen Enerji AS stock appears to be overvalued. The current stock price of ₺38.68 is trading 66% above its estimated GF Value™ of ₺23.30. GuruFocus considers Ayen Enerji AS to be Significantly Overvalued.

Key valuation signals for IST:AYEN:

  • Interest Coverage: 4.84 (159% above median its 10-year median of 1.87)
  • GF Value™: ₺23.30 vs. price of ₺38.68 (66% above fair value)
  • GF Score™: 49/100 with 10 warning signs
  • Industry Position: 65.8% above the Utilities - Independent Power Producers median (#179 of 321)

No single metric tells the full story. See the IST:AYEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ayen Enerji AS Business Description

Address Hulya Sokak No: 37, Gaziosmanpasa, Ankara, TUR, 06700
Ayen Enerji AS is a Turkey-based company engaged in the generation, transmission, distribution, and trading of electricity. The company's geographical segment includes Turkey and Abroad. It generates maximum revenue from Abroad. The company generates the majority of its energy from Hydro plants. The companies located in abroad operate in Albania, Serbia, and Slovenia.
49GF Score

Get the complete analysis for IST:AYEN

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺38.68
Price
₺23.30
GF Value