Netas Telekomuenikasyon AS (IST:NETAS) Interest Coverage : 0.75 (As of Dec. 2023)

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What is Netas Telekomuenikasyon 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. Netas Telekomuenikasyon AS's Operating Income for the three months ended in Dec. 2023 was ₺101 Mil. Netas Telekomuenikasyon AS's Interest Expense for the three months ended in Dec. 2023 was ₺-135 Mil. Netas Telekomuenikasyon AS's interest coverage for the quarter that ended in Dec. 2023 was 0.75. 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. Netas Telekomuenikasyon 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 Netas Telekomuenikasyon AS's Interest Coverage or its related term are showing as below:

IST:NETAS' s Interest Coverage Range Over the Past 10 Years
Min: 0.25 Med: 1.16 Max: 1.71
Current: 0.35

IST:NETAS's Interest Coverage is ranked worse than
98.18% of 1593 companies
in the Hardware industry
Industry Median: 12.65 vs IST:NETAS: 0.35

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

Netas Telekomuenikasyon AS Interest Coverage Historical Data

The historical data trend for Netas Telekomuenikasyon 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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Netas Telekomuenikasyon AS Interest Coverage Chart

Netas Telekomuenikasyon AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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0.25

0.35

Netas Telekomuenikasyon AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															0.90	-	0.01	0.41	0.75

Competitive Comparison of Netas Telekomuenikasyon AS's Interest Coverage

For the Communication Equipment subindustry, Netas Telekomuenikasyon 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.

Netas Telekomuenikasyon AS's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Netas Telekomuenikasyon AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Netas Telekomuenikasyon AS's Interest Coverage falls into.

Netas Telekomuenikasyon 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.

Netas Telekomuenikasyon 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, Netas Telekomuenikasyon AS's Interest Expense was ₺-319 Mil. Its Operating Income was ₺113 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺156 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	112.501	/	-319.024
	=	0.35

Netas Telekomuenikasyon AS's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Netas Telekomuenikasyon AS's Interest Expense was ₺-135 Mil. Its Operating Income was ₺101 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺156 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	101.042	/	-135.261
	=	0.75

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

Netas Telekomuenikasyon AS (IST:NETAS) 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 .

Netas Telekomuenikasyon AS Interest Coverage Related Terms

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

Netas Telekomuenikasyon AS (IST:NETAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Netas Telekomuenikasyon AS (IST:NETAS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yenisehir Mahallesi Osmanli Bulvari No. 11, Kurtko, Pendik, Istanbul, TUR, 34912

Website

http://www.netas.com.tr

Netas Telekomuenikasyon AS is engaged in the manufacturing and trading of telecommunication, equipment, project installation services, technical support, repair and maintenance services, IT services, strategic outsourcing services, implementation, and associated activities. The company's operating segments include Enterprise, Public, International, Technology, Telecom and BDH. It generates maximum revenue from the Enterprise segment. The company serves Financial Institutions, Telecom Service Providers, Public and Public Safety, Energy, Sports and Entertainment, Retail and FMCG, Smart Building and Campus Solutions and Transportation industries.

Netas Telekomuenikasyon AS (IST:NETAS) Headlines

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