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Eminis Ambalajnayi Ve Ticaret AS (IST:EMNIS) Interest Coverage : 23.98 (As of Mar. 2022)


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What is Eminis Ambalajnayi Ve Ticaret 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. Eminis Ambalajnayi Ve Ticaret AS's Operating Income for the three months ended in Mar. 2022 was ₺5.0 Mil. Eminis Ambalajnayi Ve Ticaret AS's Interest Expense for the three months ended in Mar. 2022 was ₺-0.2 Mil. Eminis Ambalajnayi Ve Ticaret AS's interest coverage for the quarter that ended in Mar. 2022 was 23.98. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Eminis Ambalajnayi Ve Ticaret AS's Interest Coverage or its related term are showing as below:


IST:EMNIS's Interest Coverage is not ranked *
in the Packaging & Containers industry.
Industry Median: 6.84
* Ranked among companies with meaningful Interest Coverage only.

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


Eminis Ambalajnayi Ve Ticaret AS Interest Coverage Historical Data

The historical data trend for Eminis Ambalajnayi Ve Ticaret 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.

Eminis Ambalajnayi Ve Ticaret AS Interest Coverage Chart

Eminis Ambalajnayi Ve Ticaret AS Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 - - 0.55 0.36

Eminis Ambalajnayi Ve Ticaret AS Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 19.15 20.96 - 0.12 23.98

Competitive Comparison of Eminis Ambalajnayi Ve Ticaret AS's Interest Coverage

For the Packaging & Containers subindustry, Eminis Ambalajnayi Ve Ticaret 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.


Eminis Ambalajnayi Ve Ticaret AS's Interest Coverage Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Eminis Ambalajnayi Ve Ticaret AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Eminis Ambalajnayi Ve Ticaret AS's Interest Coverage falls into.



Eminis Ambalajnayi Ve Ticaret 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.

Eminis Ambalajnayi Ve Ticaret AS's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Eminis Ambalajnayi Ve Ticaret AS's Interest Expense was ₺-21.3 Mil. Its Operating Income was ₺7.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺2.4 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2021 )/Interest Expense (A: Dec. 2021 )
=-1*7.664/-21.332
=0.36

Eminis Ambalajnayi Ve Ticaret AS's Interest Coverage for the quarter that ended in Mar. 2022 is calculated as

Here, for the three months ended in Mar. 2022, Eminis Ambalajnayi Ve Ticaret AS's Interest Expense was ₺-0.2 Mil. Its Operating Income was ₺5.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺2.2 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2022 )/Interest Expense (Q: Mar. 2022 )
=-1*5.011/-0.209
=23.98

* 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.


Eminis Ambalajnayi Ve Ticaret AS  (IST:EMNIS) 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 .


Eminis Ambalajnayi Ve Ticaret AS Interest Coverage Related Terms

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


Eminis Ambalajnayi Ve Ticaret AS (IST:EMNIS) Business Description

Traded in Other Exchanges
N/A
Address
Dilovasi Organized Industrial Zone, Part 1, Kisim D-1003 Sokak No: 4, Dilovasi, Kocaeli, TUR, 41455
Eminis Ambalaj Sanayi Ve Ticaret AS manufactures metal and plastic containers. The company serves paint, chemical, food industries, Olive, Seasoning, Powder Beverage, and Cosmetic Industry. Its plastic products include industrial, round, angular and metal box.

Eminis Ambalajnayi Ve Ticaret AS (IST:EMNIS) Headlines

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