Karsan Otomotivnayii Ve Ticaret AS (IST:KARSN) Interest Coverage : 0 (At Loss) (As of Mar. 2025)

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What is Karsan Otomotivnayii 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. Karsan Otomotivnayii Ve Ticaret AS's Operating Income for the three months ended in Mar. 2025 was ₺-205 Mil. Karsan Otomotivnayii Ve Ticaret AS's Interest Expense for the three months ended in Mar. 2025 was ₺-589 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Karsan Otomotiv Sanayii Ve Ticaret ASs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

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

IST:KARSN' s Interest Coverage Range Over the Past 10 Years
Min: 0.18 Med: 1.06 Max: 2.22
Current: 0.5

IST:KARSN's Interest Coverage is ranked worse than
96.83% of 1042 companies
in the Vehicles & Parts industry
Industry Median: 8.055 vs IST:KARSN: 0.50

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

Karsan Otomotivnayii Ve Ticaret AS Interest Coverage Historical Data

The historical data trend for Karsan Otomotivnayii 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.

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Karsan Otomotivnayii Ve Ticaret AS Interest Coverage Chart

Karsan Otomotivnayii Ve Ticaret AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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2.22

1.84

0.18

0.79

Karsan Otomotivnayii Ve Ticaret AS Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Coverage	Get a 7-Day Free Trial															0.17	0.87	-	-	-

Competitive Comparison of Karsan Otomotivnayii Ve Ticaret AS's Interest Coverage

For the Auto Manufacturers subindustry, Karsan Otomotivnayii 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.

Karsan Otomotivnayii Ve Ticaret AS's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Karsan Otomotivnayii Ve Ticaret AS's Interest Coverage distribution charts can be found below:

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

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Karsan Otomotivnayii 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.

Karsan Otomotivnayii Ve Ticaret 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, Karsan Otomotivnayii Ve Ticaret AS's Interest Expense was ₺-903 Mil. Its Operating Income was ₺710 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺1,442 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	710.094	/	-902.558
	=	0.79

Karsan Otomotivnayii Ve Ticaret AS's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Karsan Otomotivnayii Ve Ticaret AS's Interest Expense was ₺-589 Mil. Its Operating Income was ₺-205 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺1,459 Mil.

Karsan Otomotivnayii Ve Ticaret AS did not have earnings to cover the interest expense.

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

Karsan Otomotivnayii Ve Ticaret AS (IST:KARSN) 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 .

Karsan Otomotivnayii Ve Ticaret AS Interest Coverage Related Terms

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

Karsan Otomotivnayii Ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Karsan Otomotiv Sanayii Ve Ticaret AS (IST:KARSN) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hasanaga Organize Sanayi Bolgesi (HOSAB), Sanayi Caddesi, Nilufer, Bursa, TUR, 16225

Website

https://www.karsan.com.tr

Karsan Otomotiv Sanayii Ve Ticaret AS is engaged in production, import and export of motor vehicles to automotive brands. It provides industrial services to automotive companies and its activities include the production of spare parts for automotive and other vehicles. The operating segments are Bus segment reports production of buses for municipalities, Karsan segment reports the production of commercial vehicles with its own brand, Spare Parts segment represents the production of spare parts and Industrial Sales segment reports the cataphoresis processes and tractor cabin. The group operates in Turkey and internationally and generates the majority of the revenue from the Hyundai segment.

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