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. Turk Hava Yollari AO's
Operating Income
for the
three
months ended in Mar. 2026 was ₺-5,430 Mil. Turk Hava Yollari AO's Interest Expense for the
three
months ended in Mar. 2026 was ₺-7,593 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 Turk Hava Yollari AO's Interest Coverage or its related term are showing as below:
IST:THYAO'
s Interest Coverage Range Over the Past 10 Years
Min: 3.01 Med: 4.43 Max: 7.56
Current: 3.75
IST:THYAO's Interest Coverage is ranked worse than 62.84% of 845
companies
in the Transportation industry
Industry Median: 5.66
vs IST:THYAO: 3.75
Turk Hava Yollari AO (IST:THYAO) 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 .
Turk Hava Yollari AO Interest Coverage Related Terms
Turk Hava Yollari AO Interest Coverage Historical Data
* Premium members only.
The historical data trend for Turk Hava Yollari AO'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.
IST:THYAO vs DAL, UAL, LUV: Interest Coverage Comparison
For the Airlines subindustry, Turk Hava Yollari AO'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.
Turk Hava Yollari AO Interest Coverage vs Transportation Industry
For the Transportation industry and Industrials sector, Turk Hava Yollari AO's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Turk Hava Yollari AO's Interest Coverage falls into.
Turk Hava Yollari AO 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:
Turk Hava Yollari AO 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.
What does a Interest Coverage of 0 (At Loss) mean?
Turk Hava Yollari AO (IST:THYAO) has a Interest Coverage of 0 (At Loss) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Turk Hava Yollari AO and its competitors. Over the past decade, Turk Hava Yollari AO's Interest Coverage has ranged from 3.01 to 7.56. According to the industry distribution chart, Turk Hava Yollari AO ranks #531 out of 845 companies in the Transportation industry, placing it in the top 62.8%.
Is Turk Hava Yollari AO's Interest Coverage too high?
Turk Hava Yollari AO's current Interest Coverage is 0 (At Loss). Over the past 10 years, this metric has ranged from a low of 3.01 to a high of 7.56. Based on the distribution chart, Turk Hava Yollari AO ranks #531 out of 845 companies in the Transportation industry, which is below the industry midpoint. Overall, Turk Hava Yollari AO has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Turk Hava Yollari AO's Interest Coverage compare to DAL and UAL?
According to the Transportation industry distribution chart, Turk Hava Yollari AO ranks #531 out of 845 companies for Interest Coverage. This places Turk Hava Yollari AO in the lower half of its industry. The industry median Interest Coverage is 5.66. Historically, Turk Hava Yollari AO's own Interest Coverage has ranged from 3.01 to 7.56 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Transportation company?
The median Interest Coverage among Transportation companies is 5.66, based on 845 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Turk Hava Yollari AO and its competitors. For the Transportation industry, the median Interest Coverage is 5.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turk Hava Yollari AO's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turk Hava Yollari AO stock overvalued right now?
Based on GuruFocus' analysis, Turk Hava Yollari AO (IST:THYAO) is currently considered Possible Value Trap. The stock's GF Value™ is ₺467.65, compared to a current price of ₺328.50 — trading 29.8% below its estimated fair value. The current Interest Coverage is 0 (At Loss). Turk Hava Yollari AO's overall GF Score™ is 81/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Turk Hava Yollari AO (IST:THYAO), the current Interest Coverage is 0 (At Loss) as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Turk Hava Yollari AO (IST:THYAO) Overvalued in 2026?
Based on GuruFocus' analysis, Turk Hava Yollari AO stock appears to be undervalued.
The current stock price of ₺328.50 is trading 29.8% below its estimated GF Value™ of ₺467.65.
GuruFocus considers Turk Hava Yollari AO to be Possible Value Trap.
Key valuation signals for IST:THYAO:
Interest Coverage: 0 (At Loss)
GF Value™: ₺467.65 vs. price of ₺328.50 (29.8% below fair value)
No single metric tells the full story. See the IST:THYAO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Turk Hava Yollari AO is a Turkish airline operator. It has flight networks across the globe, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa, and Middle East.
81GF Score
Get the complete analysis for IST:THYAO
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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