Net Holding AS (IST:NTHOL) Interest Coverage : 0.77 (As of Dec. 2023)

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What is Net Holding 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. Net Holding AS's Operating Income for the three months ended in Dec. 2023 was ₺291 Mil. Net Holding AS's Interest Expense for the three months ended in Dec. 2023 was ₺-379 Mil. Net Holding AS's interest coverage for the quarter that ended in Dec. 2023 was 0.77. The higher the ratio, the stronger the company's financial strength is.

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

IST:NTHOL' s Interest Coverage Range Over the Past 10 Years
Min: 0.2 Med: 1.48 Max: 177.55
Current: 2.77

IST:NTHOL's Interest Coverage is ranked worse than
65.61% of 602 companies
in the Travel & Leisure industry
Industry Median: 5.115 vs IST:NTHOL: 2.77

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

Net Holding AS Interest Coverage Historical Data

The historical data trend for Net Holding 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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Net Holding AS Interest Coverage Chart

Net Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

0.93

0.47

2.30

2.78

Net Holding 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															2.39	1.78	7.22	5.46	0.77

Competitive Comparison of Net Holding AS's Interest Coverage

For the Travel Services subindustry, Net Holding 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.

Net Holding AS's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Net Holding AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Net Holding AS's Interest Coverage falls into.

Net Holding 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.

Net Holding 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, Net Holding AS's Interest Expense was ₺-718 Mil. Its Operating Income was ₺1,994 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺1,237 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1994.324	/	-717.577
	=	2.78

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

Here, for the three months ended in Dec. 2023, Net Holding AS's Interest Expense was ₺-379 Mil. Its Operating Income was ₺291 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺1,237 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	290.853	/	-379.16
	=	0.77

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

Net Holding AS (IST:NTHOL) 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 .

Net Holding AS Interest Coverage Related Terms

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

Net Holding AS (IST:NTHOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Net Holding AS (IST:NTHOL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bade sokak. No. 9, Besiktas Etiler, Istanbul, TUR, 34337

Website

https://www.netholding.com

Net Holding AS is a Turkey-based holding company which mainly provides tourism services. It manages its business through five reportable segments, namely, tourism, finance, publication, holding and others. As a tourism company, its major revenues come from the tourism segment. The tourism segment comprises of hotel and accommodation, touristic shopping, managing duty-free shops and car rentals. Through the publishing segment, the company publishes books and runs bookstores. The Holding segment refers to the company's business of managing its net group of companies and the other segment provides construction and agriculture-related services. The company's geographical segments are TRNC(Turkish Republic of Northern Cyprus), Croatia, Montenegro, Bulgaria, and Turkey.

Net Holding AS (IST:NTHOL) Headlines

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