Formul Plastik Ve Metalnayi ASIST:FRMPL -1.63%22 Interest Coverage is 2.65 as of Dec. 2024, which is 40% below its 10-year median of 4.41. GuruFocus rates IST:FRMPL with a GF Score™ of 22/100. The stock has 1 warning sign investors should review. Among 307 Building Materials companies, Formul Plastik Ve Metalnayi AS ranks worse than 74.59% 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. Formul Plastik Ve Metalnayi AS's
Operating Income
for the
six
months ended in Dec. 2024 was ₺554 Mil. Formul Plastik Ve Metalnayi AS's Interest Expense for the
six
months ended in Dec. 2024 was ₺-209 Mil.
Formul Plastik Ve Metalnayi AS's interest coverage for the quarter that ended in Dec. 2024 was 2.65.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Formul Plastik Ve Metalnayi AS's Interest Coverage or its related term are showing as below:
IST:FRMPL'
s Interest Coverage Range Over the Past 10 Years
Min: 2.65 Med: 4.41 Max: 7.56
Current: 2.65
IST:FRMPL's Interest Coverage is ranked worse than 74.59% of 307
companies
in the Building Materials industry
Industry Median: 6.63
vs IST:FRMPL: 2.65
Formul Plastik Ve Metalnayi AS (IST:FRMPL) 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 .
Formul Plastik Ve Metalnayi AS Interest Coverage Related Terms
Formul Plastik Ve Metalnayi AS Interest Coverage Historical Data
* 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.
Formul Plastik Ve Metalnayi AS Interest Coverage Chart
Formul Plastik Ve Metalnayi AS Annual Data
Trend
Dec22
Dec23
Dec24
Interest Coverage
4.41
7.56
2.65
Formul Plastik Ve Metalnayi AS Semi-Annual Data
Dec22
Dec23
Dec24
Interest Coverage
4.41
7.56
2.65
IST:FRMPL vs CRH, VMC, MLM: Interest Coverage Comparison
For the Building Materials subindustry, Formul Plastik Ve Metalnayi 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.
Formul Plastik Ve Metalnayi AS Interest Coverage vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Formul Plastik Ve Metalnayi AS's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Formul Plastik Ve Metalnayi AS's Interest Coverage falls into.
Formul Plastik Ve Metalnayi 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:
* 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.
Formul Plastik Ve Metalnayi AS (IST:FRMPL) has a Interest Coverage of 2.65 as of Dec. 2024. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Formul Plastik Ve Metalnayi AS and its competitors. This is 40% below median its historical median of 4.41. Over the past decade, Formul Plastik Ve Metalnayi AS's Interest Coverage has ranged from 2.65 to 7.56. According to the industry distribution chart, Formul Plastik Ve Metalnayi AS ranks #229 out of 307 companies in the Building Materials industry, placing it in the top 74.6%.
Is Formul Plastik Ve Metalnayi AS's Interest Coverage too high?
Formul Plastik Ve Metalnayi AS's current Interest Coverage of 2.65 is 40% below median its 10-year median of 4.41. Over the past 10 years, this metric has ranged from a low of 2.65 to a high of 7.56. The Building Materials industry median Interest Coverage is 6.63. Formul Plastik Ve Metalnayi AS's value of 2.65 is 60% below this industry median. Based on the distribution chart, Formul Plastik Ve Metalnayi AS ranks #229 out of 307 companies in the Building Materials industry, which is below the industry midpoint. Overall, Formul Plastik Ve Metalnayi AS has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Formul Plastik Ve Metalnayi AS's Interest Coverage compare to CRH and VMC?
According to the Building Materials industry distribution chart, Formul Plastik Ve Metalnayi AS ranks #229 out of 307 companies for Interest Coverage. This places Formul Plastik Ve Metalnayi AS in the lower half of its industry. The industry median Interest Coverage is 6.63. Formul Plastik Ve Metalnayi AS's value of 2.65 is 60% below this benchmark. Historically, Formul Plastik Ve Metalnayi AS's own Interest Coverage has ranged from 2.65 to 7.56 over the past decade. While the company's 10-year median is 4.41 vs. the industry median of 6.63, Formul Plastik Ve Metalnayi AS has consistently been below 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 a Building Materials company?
The median Interest Coverage among Building Materials companies is 6.63, based on 307 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. Formul Plastik Ve Metalnayi AS's current Interest Coverage of 2.65 is 60% below 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 Formul Plastik Ve Metalnayi AS and its competitors. For the Building Materials industry, the median Interest Coverage is 6.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Formul Plastik Ve Metalnayi AS's current Interest Coverage is 2.65, which is 40% below median its own 10-year median of 4.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formul Plastik Ve Metalnayi AS stock overvalued right now?
Formul Plastik Ve Metalnayi AS (IST:FRMPL) has a current Interest Coverage of 2.65. The current Interest Coverage is 2.65, which is 40% below median its 10-year median of 4.41 and 60% below the Building Materials industry median of 6.63. Formul Plastik Ve Metalnayi AS's overall GF Score™ is 22/100 with 1 warning sign 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 Formul Plastik Ve Metalnayi AS (IST:FRMPL), the current Interest Coverage is 2.65 as of Dec. 2024. 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.
Formul Plastik Ve Metalnayi AS Business Description
Formul Plastik Ve Metal Sanayi AS is engaged in manufacturing PP-R pipes and fittings, PVC pipes and fittings, and PE-RT pipes. It also produces brass inserts and fittings. The company operates under the brand names Formul, Aquapa, Foraqua, Aquaplast, and Aquapipe. Geographically, it serves Africa, CIS countries, Far East, Middle East and South America.
22GF Score
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