What is TAV Havalimanlari Holding AS Financial Strength?
TAV Havalimanlari Holding AS has the Financial Strength Rank of 4.
Warning Sign:
TAV Havalimanlari Holding AS displays poor financial strength. Usually, this is caused by too much debt for the company.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
TAV Havalimanlari Holding AS's Interest Coverage for the quarter that ended in Mar. 2024 was 1.23.
TAV Havalimanlari Holding AS's debt to revenue ratio for the quarter that ended in Mar. 2024 was 1.76.
As of today, TAV Havalimanlari Holding AS's Altman Z-Score is 1.27.
Competitive Comparison of TAV Havalimanlari Holding AS's Financial Strength
For the Airports & Air Services subindustry, TAV Havalimanlari Holding AS's Financial Strength, along with its competitors' market caps and Financial Strength 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.
TAV Havalimanlari Holding AS's Financial Strength Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, TAV Havalimanlari Holding AS's Financial Strength distribution charts can be found below:
* The bar in red indicates where TAV Havalimanlari Holding AS's Financial Strength falls into.
TAV Havalimanlari Holding AS Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
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:
TAV Havalimanlari Holding AS's Interest Expense for the
months ended in Mar. 2024 was $-49 Mil. Its Operating Income for the
months ended in Mar. 2024 was $61 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,907 Mil.
TAV Havalimanlari Holding AS's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. TAV Havalimanlari Holding AS interest coverage is 1.71, which is low.
2. Debt to revenue ratio. The lower, the better.
TAV Havalimanlari Holding AS's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
TAV Havalimanlari Holding AS has a Z-score of 1.27, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.27 is in distress zone. This implies bankruptcy possibility in the next two years.
* 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.
TAV Havalimanlari Holding AS (TAV Havalimanlari Holding AS) Business Description
Traded in Other Exchanges
Address
Ayazaga Mahallesi, Azerbaycan Caddesi, 2C Blok No:3L/6, Vadistanbul Bulvar, Sariyer, Istanbul, TUR, 34485
TAV Havalimanlari Holding AS constructs, manages and operates terminal buildings and airports. The company organises itself into five segments: Terminal operations, Catering operations, Duty free operations, Ground handling and bus operations, and Other operations. Terminal operations, which contribute approximately half the company's revenue and the majority of profit, operates terminal buildings and car parks. Ground handling and bus operations and duty free operations are the next most significant segments. The company is headquartered in Turkey and derives the majority of revenue domestically.
TAV Havalimanlari Holding AS (TAV Havalimanlari Holding AS) Headlines
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