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. Turners Automotive Group's
Operating Income
for the
six
months ended in Mar. 2026 was NZ$-10.7 Mil. Turners Automotive Group's Interest Expense for the
six
months ended in Mar. 2026 was NZ$-14.4 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 Turners Automotive Group's Interest Coverage or its related term are showing as below:
NZSE:TRA's Interest Coverage is not ranked *
in the Vehicles & Parts industry.
Industry Median: 8.31 * Ranked among companies with meaningful Interest Coverage only.
Turners Automotive Group (NZSE:TRA) 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 .
Turners Automotive Group Interest Coverage Related Terms
Turners Automotive Group Interest Coverage Historical Data
* 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.
NZSE:TRA vs CVNA, PAG, ALTB: Interest Coverage Comparison
For the Auto & Truck Dealerships subindustry, Turners Automotive Group'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.
Turners Automotive Group Interest Coverage vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Turners Automotive Group's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Turners Automotive Group's Interest Coverage falls into.
Turners Automotive Group 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:
Turners Automotive Group 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?
Turners Automotive Group (NZSE:TRA) 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 Turners Automotive Group and its competitors. According to the industry distribution chart, Turners Automotive Group ranks #999999 out of 1067 companies in the Vehicles & Parts industry.
Is Turners Automotive Group's Interest Coverage too high?
Turners Automotive Group's current Interest Coverage is 0 (At Loss). Based on the distribution chart, Turners Automotive Group ranks #999999 out of 1067 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Turners Automotive Group has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Turners Automotive Group's Interest Coverage compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Turners Automotive Group ranks #999999 out of 1067 companies for Interest Coverage. This places Turners Automotive Group in the lower half of its industry. The industry median Interest Coverage is 8.31. 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 Vehicles & Parts company?
The median Interest Coverage among Vehicles & Parts companies is 8.31, based on 1,067 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 Turners Automotive Group and its competitors. For the Vehicles & Parts industry, the median Interest Coverage is 8.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turners Automotive Group'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 Turners Automotive Group stock overvalued right now?
Based on GuruFocus' analysis, Turners Automotive Group (NZSE:TRA) is currently considered Significantly Overvalued. The stock's GF Value™ is NZ$4.38, compared to a current price of NZ$8.29 — trading 89.3% above its estimated fair value. The current Interest Coverage is 0 (At Loss). Turners Automotive Group's overall GF Score™ is 41/100 with 10 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 Turners Automotive Group (NZSE:TRA), 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 Turners Automotive Group (NZSE:TRA) Overvalued in 2026?
Based on GuruFocus' analysis, Turners Automotive Group stock appears to be overvalued.
The current stock price of NZ$8.29 is trading 89.3% above its estimated GF Value™ of NZ$4.38.
GuruFocus considers Turners Automotive Group to be Significantly Overvalued.
Key valuation signals for NZSE:TRA:
Interest Coverage: 0 (At Loss)
GF Value™: NZ$4.38 vs. price of NZ$8.29 (89.3% above fair value)
No single metric tells the full story. See the NZSE:TRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Turners Automotive Group Ltd, along with its subsidiaries, operates in the following reportable segments: Auto retail, Finance, Insurance, Credit management, and Corporate and other. The majority of its revenue is generated from the Auto retail segment, which is involved in remarketing (motor vehicles, trucks, heavy machinery, and commercial goods) and purchasing goods for sale. The Finance segment provides asset-based finance to consumers and SME's; the Insurance segment is involved in marketing and administration of a range of life and consumer insurance products; and the Credit management segment provides collection services, credit management, and debt recovery services to the corporate and SME sectors. Geographically, the group operates in New Zealand and Australia.
41GF Score
Get the complete analysis for NZSE:TRA
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