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Ekos Teknoloji ve Elektrik AS (IST:EKOS) Interest Coverage : 1.86 (As of Sep. 2024)


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What is Ekos Teknoloji ve Elektrik 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. Ekos Teknoloji ve Elektrik AS's Operating Income for the three months ended in Sep. 2024 was ₺81 Mil. Ekos Teknoloji ve Elektrik AS's Interest Expense for the three months ended in Sep. 2024 was ₺-44 Mil. Ekos Teknoloji ve Elektrik AS's interest coverage for the quarter that ended in Sep. 2024 was 1.86. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Ekos Teknoloji ve Elektrik AS's Interest Coverage or its related term are showing as below:

IST:EKOS' s Interest Coverage Range Over the Past 10 Years
Min: 1.18   Med: 2.86   Max: 11.25
Current: 3.5


IST:EKOS's Interest Coverage is ranked worse than
80.7% of 2285 companies
in the Industrial Products industry
Industry Median: 15.96 vs IST:EKOS: 3.50

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


Ekos Teknoloji ve Elektrik AS Interest Coverage Historical Data

The historical data trend for Ekos Teknoloji ve Elektrik 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.

* Premium members only.

Ekos Teknoloji ve Elektrik AS Interest Coverage Chart

Ekos Teknoloji ve Elektrik AS Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Interest Coverage
1.99 1.18 11.25 3.72

Ekos Teknoloji ve Elektrik AS Quarterly Data
Dec20 Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 1.52 - - - 1.86

Competitive Comparison of Ekos Teknoloji ve Elektrik AS's Interest Coverage

For the Electrical Equipment & Parts subindustry, Ekos Teknoloji ve Elektrik 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.


Ekos Teknoloji ve Elektrik AS's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ekos Teknoloji ve Elektrik AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ekos Teknoloji ve Elektrik AS's Interest Coverage falls into.


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Ekos Teknoloji ve Elektrik 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.

Ekos Teknoloji ve Elektrik 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, Ekos Teknoloji ve Elektrik AS's Interest Expense was ₺-56 Mil. Its Operating Income was ₺210 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺134 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*209.787/-56.366
=3.72

Ekos Teknoloji ve Elektrik AS's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Ekos Teknoloji ve Elektrik AS's Interest Expense was ₺-44 Mil. Its Operating Income was ₺81 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺129 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*80.976/-43.619
=1.86

* 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.


Ekos Teknoloji ve Elektrik AS  (IST:EKOS) 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 .


Ekos Teknoloji ve Elektrik AS Interest Coverage Related Terms

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


Ekos Teknoloji ve Elektrik AS Business Description

Traded in Other Exchanges
N/A
Address
Gaziosmanpasaosb Mahallesi, No. 7 Caddesi Ekosinerji, Blok No: 17-19A, Ic Kapi No: 1, Altieylul, Balikesir, TUR
Ekos Teknoloji ve Elektrik AS is an Turkey Based technology and service provider company for the electrical infrastructure of power producers, network operators, as well as industrial and commercial consumers. The company's main field of activity is the design, engineering, production and commissioning of switching and automation equipment and systems that enable the control of medium and high voltage electrical networks.

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