Efor Caynayi Tic AS (IST:EFORC) Interest Coverage : 2.89 (As of Dec. 2024)

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What is Efor Caynayi Tic 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. Efor Caynayi Tic AS's Operating Income for the three months ended in Dec. 2024 was ₺287 Mil. Efor Caynayi Tic AS's Interest Expense for the three months ended in Dec. 2024 was ₺-99 Mil. Efor Caynayi Tic AS's interest coverage for the quarter that ended in Dec. 2024 was 2.89. The higher the ratio, the stronger the company's financial strength is.

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

IST:EFORC' s Interest Coverage Range Over the Past 10 Years
Min: 2.43 Med: 4.35 Max: 5.63
Current: 2.43

IST:EFORC's Interest Coverage is ranked worse than
78.8% of 1472 companies
in the Consumer Packaged Goods industry
Industry Median: 8.76 vs IST:EFORC: 2.43

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

Efor Caynayi Tic AS Interest Coverage Historical Data

The historical data trend for Efor Caynayi Tic 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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Efor Caynayi Tic AS Interest Coverage Chart

Efor Caynayi Tic AS Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Interest Coverage

N/A

5.63

3.06

Efor Caynayi Tic AS Quarterly Data
	Dec21	Dec22	Mar23	Sep23	Dec23	Mar24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial			3.27	3.32	N/A	2.01	2.89

Competitive Comparison of Efor Caynayi Tic AS's Interest Coverage

For the Farm Products subindustry, Efor Caynayi Tic 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.

Efor Caynayi Tic AS's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Efor Caynayi Tic AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Efor Caynayi Tic AS's Interest Coverage falls into.

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Efor Caynayi Tic 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.

Efor Caynayi Tic AS's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Efor Caynayi Tic AS's Interest Expense was ₺-263 Mil. Its Operating Income was ₺804 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺383 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	803.744	/	-262.836
	=	3.06

Efor Caynayi Tic AS's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Efor Caynayi Tic AS's Interest Expense was ₺-99 Mil. Its Operating Income was ₺287 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺383 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	287.143	/	-99.227
	=	2.89

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

Efor Caynayi Tic AS (IST:EFORC) 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 .

Efor Caynayi Tic AS Interest Coverage Related Terms

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

Efor Caynayi Tic AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Efor Cay Sanayi Tic AS (IST:EFORC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fatih Sultan Mehmat Mah., Aheste Sk. No.7/8, Umraniye, Istanbul, TUR

Website

https://www.eforcay.com/en

Efor Cay Sanayi Tic AS manufactures and produces teabag, teapot bag teas, and herbal and fruit teas. The company plants tea plants in the black sea region using domestic methods with technological twists. The teabags of the company has its fruit taste and pleasant aroma of spices, and herb mixtures together in the right proportions, O.P.A. Ceylon teas and products for Out-of-Home Consumption (OOH) which keeps person fit.

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