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Manas Enerji Yonetiminayi ve Ticaret AS (IST:MANAS) Interest Coverage : 0 (At Loss) (As of Sep. 2024)


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What is Manas Enerji Yonetiminayi 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. Manas Enerji Yonetiminayi ve Ticaret AS's Operating Income for the three months ended in Sep. 2024 was ₺0.2 Mil. Manas Enerji Yonetiminayi ve Ticaret AS's Interest Expense for the three months ended in Sep. 2024 was ₺-38.0 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. Manas Enerji Yonetimi Sanayi 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 Manas Enerji Yonetiminayi ve Ticaret AS's Interest Coverage or its related term are showing as below:

IST:MANAS' s Interest Coverage Range Over the Past 10 Years
Min: 0.08   Med: 1.8   Max: 2.81
Current: 0.08


IST:MANAS's Interest Coverage is ranked worse than
99.69% of 2282 companies
in the Industrial Products industry
Industry Median: 15.66 vs IST:MANAS: 0.08

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


Manas Enerji Yonetiminayi ve Ticaret AS Interest Coverage Historical Data

The historical data trend for Manas Enerji Yonetiminayi 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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Manas Enerji Yonetiminayi ve Ticaret AS Interest Coverage Chart

Manas Enerji Yonetiminayi ve Ticaret AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 1.11 1.95 2.67 2.81 1.64

Manas Enerji Yonetiminayi ve Ticaret AS Quarterly Data
Dec18 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 4.15 - 0.28 0.16 -

Competitive Comparison of Manas Enerji Yonetiminayi ve Ticaret AS's Interest Coverage

For the Electrical Equipment & Parts subindustry, Manas Enerji Yonetiminayi 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.


Manas Enerji Yonetiminayi ve Ticaret AS's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Manas Enerji Yonetiminayi ve Ticaret AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Manas Enerji Yonetiminayi ve Ticaret AS's Interest Coverage falls into.


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Manas Enerji Yonetiminayi 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.

Manas Enerji Yonetiminayi ve Ticaret AS's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Manas Enerji Yonetiminayi ve Ticaret AS's Interest Expense was ₺-47.6 Mil. Its Operating Income was ₺78.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺36.8 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*78.191/-47.555
=1.64

Manas Enerji Yonetiminayi ve Ticaret AS's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Manas Enerji Yonetiminayi ve Ticaret AS's Interest Expense was ₺-38.0 Mil. Its Operating Income was ₺0.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺37.3 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*0.164/-37.959
=0.00

* 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.


Manas Enerji Yonetiminayi ve Ticaret AS  (IST:MANAS) 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 .


Manas Enerji Yonetiminayi ve Ticaret AS Interest Coverage Related Terms

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


Manas Enerji Yonetiminayi ve Ticaret AS Business Description

Traded in Other Exchanges
N/A
Address
A.S.O. 1. Organize Sanayi Bolgesi, Anadolu Caddesi No: 25, Sincan, Ankara, TUR, 06935
Manas Enerji Yonetimi Sanayi ve Ticaret AS is engaged in the business of smart metering systems and solutions. Its products are into electro-controlled gas, water, heat and electricity meters also AMR, M2M, AMI AND, meter remote control system solutions.

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