Tekfen Holding AS (IST:TKFEN) Interest Coverage : 0.55 (As of Mar. 2025)

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What is Tekfen 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. Tekfen Holding AS's Operating Income for the three months ended in Mar. 2025 was ₺194 Mil. Tekfen Holding AS's Interest Expense for the three months ended in Mar. 2025 was ₺-353 Mil. Tekfen Holding AS's interest coverage for the quarter that ended in Mar. 2025 was 0.55. The higher the ratio, the stronger the company's financial strength is.

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

IST:TKFEN' s Interest Coverage Range Over the Past 10 Years
Min: 0.89 Med: 5.85 Max: 22.13
Current: 0.89

IST:TKFEN's Interest Coverage is ranked worse than
93.88% of 196 companies
in the Agriculture industry
Industry Median: 7.455 vs IST:TKFEN: 0.89

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

Tekfen Holding AS Interest Coverage Historical Data

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

Tekfen Holding AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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0.95

1.52

1.24

Tekfen Holding AS Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Coverage	Get a 7-Day Free Trial															1.91	1.65	0.87	0.75	0.55

Competitive Comparison of Tekfen Holding AS's Interest Coverage

For the Agricultural Inputs subindustry, Tekfen 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.

Tekfen Holding AS's Interest Coverage Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Tekfen Holding AS's Interest Coverage distribution charts can be found below:

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

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Tekfen 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.

Tekfen Holding AS's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Tekfen Holding AS's Interest Expense was ₺-1,347 Mil. Its Operating Income was ₺1,675 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺6,164 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	1674.582	/	-1346.929
	=	1.24

Tekfen Holding AS's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Tekfen Holding AS's Interest Expense was ₺-353 Mil. Its Operating Income was ₺194 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺5,058 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	193.96	/	-353.121
	=	0.55

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

Tekfen Holding AS (IST:TKFEN) 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 .

Tekfen Holding AS Interest Coverage Related Terms

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

Tekfen Holding AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Tekfen Holding AS (IST:TKFEN) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kultur Mahallesi, Tekfen Sitesi, Budak Sokak, A Blok, No. 7, Ulus-Besiktas, Istanbul, TUR, 34340

Website

https://www.tekfen.com.tr

Tekfen Holding AS is a conglomerate that operates in below business lines: Engineering and Contracting; Agricultural Industry; and Investment. It generates maximum revenue from the Agricultural Industry segment. The Agricultural Industry segment is engaged in the production and sale of mineral fertilizers as well as special water soluble fertilizers and organic fertilizers. It also manufactures bags used in fertilizer packaging in its facility. Additionally, it generates biogas through the fermentation of organic wastes and electricity from biogas and also produces solid and liquid organic fertilizers from wastes that have completed the gasification process. Geographically, the company generates maximum revenue from Turkey and the rest from the CIS, the Middle East, and other regions.

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