Kuzey Boru AS (IST:KBORU) Interest Coverage : 0 (At Loss) (As of Dec. 2024)

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What is Kuzey Boru 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. Kuzey Boru AS's Operating Income for the three months ended in Dec. 2024 was ₺-236 Mil. Kuzey Boru AS's Interest Expense for the three months ended in Dec. 2024 was ₺-22 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

IST:KBORU' s Interest Coverage Range Over the Past 10 Years
Min: 1.58 Med: 3.25 Max: 4.74
Current: 3.71

IST:KBORU's Interest Coverage is ranked worse than
66.78% of 304 companies
in the Building Materials industry
Industry Median: 6.45 vs IST:KBORU: 3.71

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

Kuzey Boru AS Interest Coverage Historical Data

The historical data trend for Kuzey Boru 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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Kuzey Boru AS Interest Coverage Chart

Kuzey Boru AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

2.36

1.58

3.25

4.74

4.05

Kuzey Boru AS Quarterly Data
	Dec20	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial						5.42	4.58	103.50	14.46	-

Competitive Comparison of Kuzey Boru AS's Interest Coverage

For the Building Materials subindustry, Kuzey Boru 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.

Kuzey Boru AS's Interest Coverage Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Kuzey Boru AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Kuzey Boru AS's Interest Coverage falls into.

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Kuzey Boru 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.

Kuzey Boru 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, Kuzey Boru AS's Interest Expense was ₺-74 Mil. Its Operating Income was ₺299 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺559 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	299.331	/	-73.858
	=	4.05

Kuzey Boru AS's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Kuzey Boru AS's Interest Expense was ₺-22 Mil. Its Operating Income was ₺-236 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺559 Mil.

Kuzey Boru AS did not have earnings to cover the interest expense.

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

Kuzey Boru AS (IST:KBORU) 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 .

Kuzey Boru AS Interest Coverage Related Terms

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

Kuzey Boru AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Kuzey Boru AS (IST:KBORU) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kirimli OSB Mah. Find, Mehmetcik Blv No. 2, Mehmetcik, TUR

Website

https://www.kuzeyboru.com.tr

Kuzey Boru AS is a company whose main activity is the production of plastic pipes and adding parts, all kinds of steel, drawn pipe, concrete pipe, polyethylene pipe, polypropylene pipe, ductile pipe and its products. It carries out production, import-export and domestic trade.

Kuzey Boru AS Headlines

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