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Kent Gida Maddelerinayii Ve Ticaret AS (IST:KENT) Interest Coverage : 0 (At Loss) (As of Dec. 2013)


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What is Kent Gida Maddelerinayii 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. Kent Gida Maddelerinayii Ve Ticaret AS's Operating Income for the three months ended in Dec. 2013 was ₺-20.4 Mil. Kent Gida Maddelerinayii Ve Ticaret AS's Interest Expense for the three months ended in Dec. 2013 was ₺-1.3 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 Kent Gida Maddelerinayii Ve Ticaret AS's Interest Coverage or its related term are showing as below:


IST:KENT's Interest Coverage is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 8.68
* 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.


Kent Gida Maddelerinayii Ve Ticaret AS Interest Coverage Historical Data

The historical data trend for Kent Gida Maddelerinayii 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.

Kent Gida Maddelerinayii Ve Ticaret AS Interest Coverage Chart

Kent Gida Maddelerinayii Ve Ticaret AS Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Interest Coverage
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Kent Gida Maddelerinayii Ve Ticaret AS Quarterly Data
Dec02 Dec03 Dec04 Sep07 Dec07 Sep08 Dec08 Dec09 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Sep13 Dec13
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 - - - - -

Competitive Comparison of Kent Gida Maddelerinayii Ve Ticaret AS's Interest Coverage

For the Confectioners subindustry, Kent Gida Maddelerinayii 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.


Kent Gida Maddelerinayii Ve Ticaret AS's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kent Gida Maddelerinayii Ve Ticaret AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Kent Gida Maddelerinayii Ve Ticaret AS's Interest Coverage falls into.



Kent Gida Maddelerinayii 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.

Kent Gida Maddelerinayii Ve Ticaret AS's Interest Coverage for the fiscal year that ended in Dec. 2013 is calculated as

Here, for the fiscal year that ended in Dec. 2013, Kent Gida Maddelerinayii Ve Ticaret AS's Interest Expense was ₺-8.4 Mil. Its Operating Income was ₺-16.8 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺0.6 Mil.

Kent Gida Maddelerinayii Ve Ticaret AS did not have earnings to cover the interest expense.

Kent Gida Maddelerinayii Ve Ticaret AS's Interest Coverage for the quarter that ended in Dec. 2013 is calculated as

Here, for the three months ended in Dec. 2013, Kent Gida Maddelerinayii Ve Ticaret AS's Interest Expense was ₺-1.3 Mil. Its Operating Income was ₺-20.4 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺0.6 Mil.

Kent Gida Maddelerinayii Ve Ticaret AS did not have earnings to cover the 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.

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


Kent Gida Maddelerinayii Ve Ticaret AS  (IST:KENT) 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 .


Kent Gida Maddelerinayii Ve Ticaret AS Interest Coverage Related Terms

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


Kent Gida Maddelerinayii Ve Ticaret AS Business Description

Traded in Other Exchanges
N/A
Address
Cumhuriyet Mah 2253, Sokak No.11, Gebze, Kocaeli, Istanbul, TUR, 41400
Kent Gida Maddeleri Sanayii Ve Ticaret AS operates as a confectionery company. It produces as well as sells candy, chewing gums and chocolates, coffee, salty cookies and powdered beverages. The products of the company are offered under various brands such as Barni, Bubblicious, Milka, Toblerone, Bonibon, tofita, Olips, poptip, and others. Geographically the operations are carried out through Turkey.

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