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MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Interest Coverage : 22.08 (As of Dec. 2022)


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What is MNG Havayollari ve Tasimacilik 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. MNG Havayollari ve Tasimacilik AS's Operating Income for the three months ended in Dec. 2022 was $22.74 Mil. MNG Havayollari ve Tasimacilik AS's Interest Expense for the three months ended in Dec. 2022 was $-1.03 Mil. MNG Havayollari ve Tasimacilik AS's interest coverage for the quarter that ended in Dec. 2022 was 22.08. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for MNG Havayollari ve Tasimacilik AS's Interest Coverage or its related term are showing as below:


MNGA's Interest Coverage is not ranked *
in the Transportation industry.
Industry Median: 5.34
* Ranked among companies with meaningful Interest Coverage only.

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

MNG Havayollari ve Tasimacilik AS Interest Coverage Historical Data

The historical data trend for MNG Havayollari ve Tasimacilik 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.

* Premium members only.

MNG Havayollari ve Tasimacilik AS Interest Coverage Chart

MNG Havayollari ve Tasimacilik AS Annual Data
Trend Dec20 Dec21 Dec22
Interest Coverage
21.56 16.80 15.90

MNG Havayollari ve Tasimacilik AS Quarterly Data
Dec20 Sep21 Dec21 Sep22 Dec22
Interest Coverage N/A No Debt 29.43 N/A 22.08

Competitive Comparison of MNG Havayollari ve Tasimacilik AS's Interest Coverage

For the Integrated Freight & Logistics subindustry, MNG Havayollari ve Tasimacilik 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.

MNG Havayollari ve Tasimacilik AS's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MNG Havayollari ve Tasimacilik AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where MNG Havayollari ve Tasimacilik AS's Interest Coverage falls into.


MNG Havayollari ve Tasimacilik 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.

MNG Havayollari ve Tasimacilik 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, MNG Havayollari ve Tasimacilik AS's Interest Expense was $-4.42 Mil. Its Operating Income was $70.23 Mil. And its Long-Term Debt & Capital Lease Obligation was $54.49 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*70.234/-4.416
=15.90

MNG Havayollari ve Tasimacilik AS's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the three months ended in Dec. 2022, MNG Havayollari ve Tasimacilik AS's Interest Expense was $-1.03 Mil. Its Operating Income was $22.74 Mil. And its Long-Term Debt & Capital Lease Obligation was $54.49 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2022 )/Interest Expense (Q: Dec. 2022 )
=-1*22.743/-1.03
=22.08

* 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.

MNG Havayollari ve Tasimacilik AS  (NYSE:MNGA) 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 .

MNG Havayollari ve Tasimacilik AS Interest Coverage Related Terms

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

MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MNG Havayollari ve Tasimacilik AS (NYSE:MNGA) » Definitions » Interest Coverage
Comparable Companies
Traded in Other Exchanges
N/A
Address
WOW Convention Center ?DTM, Yesilkoy/Bakirkoy, Istanbul, TUR, 34149
Website
https://www.mngairlines.com
MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.

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