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Sarkuysan Elektrolitik Bakirnayi AS (IST:SARKY) Interest Coverage : 5.34 (As of Dec. 2022)


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What is Sarkuysan Elektrolitik Bakirnayi 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. Sarkuysan Elektrolitik Bakirnayi AS's Operating Income for the six months ended in Dec. 2022 was ₺1,341 Mil. Sarkuysan Elektrolitik Bakirnayi AS's Interest Expense for the six months ended in Dec. 2022 was ₺-251 Mil. Sarkuysan Elektrolitik Bakirnayi AS's interest coverage for the quarter that ended in Dec. 2022 was 5.34. The higher the ratio, the stronger the company's financial strength is.

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

IST:SARKY' s Interest Coverage Range Over the Past 10 Years
Min: 0.99   Med: 1.95   Max: 5.34
Current: 5.34


IST:SARKY's Interest Coverage is ranked worse than
85.41% of 1343 companies
in the Metals & Mining industry
Industry Median: No Debt vs IST:SARKY: 5.34

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


Sarkuysan Elektrolitik Bakirnayi AS Interest Coverage Historical Data

The historical data trend for Sarkuysan Elektrolitik Bakirnayi 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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Sarkuysan Elektrolitik Bakirnayi AS Interest Coverage Chart

Sarkuysan Elektrolitik Bakirnayi AS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.97 1.92 4.50 4.76 5.34

Sarkuysan Elektrolitik Bakirnayi AS Semi-Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
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 1.97 1.92 4.50 4.76 5.34

Competitive Comparison of Sarkuysan Elektrolitik Bakirnayi AS's Interest Coverage

For the Copper subindustry, Sarkuysan Elektrolitik Bakirnayi 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.


Sarkuysan Elektrolitik Bakirnayi AS's Interest Coverage Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sarkuysan Elektrolitik Bakirnayi AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sarkuysan Elektrolitik Bakirnayi AS's Interest Coverage falls into.



Sarkuysan Elektrolitik Bakirnayi 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.

Sarkuysan Elektrolitik Bakirnayi AS's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Sarkuysan Elektrolitik Bakirnayi AS's Interest Expense was ₺-251 Mil. Its Operating Income was ₺1,341 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺568 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*1340.586/-251.028
=5.34

Sarkuysan Elektrolitik Bakirnayi AS's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the six months ended in Dec. 2022, Sarkuysan Elektrolitik Bakirnayi AS's Interest Expense was ₺-251 Mil. Its Operating Income was ₺1,341 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺568 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2022 )/Interest Expense (Q: Dec. 2022 )
=-1*1340.586/-251.028
=5.34

* 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.


Sarkuysan Elektrolitik Bakirnayi AS  (IST:SARKY) 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 .


Sarkuysan Elektrolitik Bakirnayi AS Interest Coverage Related Terms

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


Sarkuysan Elektrolitik Bakirnayi AS (IST:SARKY) Business Description

Traded in Other Exchanges
N/A
Address
Emek Mahallesi Asiroglu Caddesi No. 147, Kocaeli, Darica, TUR, 41700
Sarkuysan Elektrolitik Bakir Sanayi AS engages in the production and trading of electrolytic copper wire and alloy. It operates through the following segments: Copper, Enameled Copper Wire, CTC Wire, Spools, Machinery, and Other. The company generates maximum revenue from the Copper segment. Its products include a cathode, wire rod, electrolytic tough pitch, and deoxidized high phosphorus with billet, single wire, multi-wire, bunched conductors, flat wire, overhead catenary system wires, copper tube, and busbar, and copper nugget.

Sarkuysan Elektrolitik Bakirnayi AS (IST:SARKY) Headlines

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