Menderes Tekstilnayi ve Ticaret AS (IST:MNDRS) Interest Coverage : 4.93 (As of Sep. 2023)

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What is Menderes Tekstilnayi ve Ticaret 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. Menderes Tekstilnayi ve Ticaret AS's Operating Income for the three months ended in Sep. 2023 was ₺321 Mil. Menderes Tekstilnayi ve Ticaret AS's Interest Expense for the three months ended in Sep. 2023 was ₺-65 Mil. Menderes Tekstilnayi ve Ticaret AS's interest coverage for the quarter that ended in Sep. 2023 was 4.93. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Menderes Tekstilnayi ve Ticaret AS's Interest Coverage or its related term are showing as below:

IST:MNDRS' s Interest Coverage Range Over the Past 10 Years
Min: 0.05 Med: 4 Max: 9.19
Current: 3.43

IST:MNDRS's Interest Coverage is ranked worse than
59.86% of 720 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.975 vs IST:MNDRS: 3.43

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

Menderes Tekstilnayi ve Ticaret AS Interest Coverage Historical Data

The historical data trend for Menderes Tekstilnayi ve Ticaret 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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Menderes Tekstilnayi ve Ticaret AS Interest Coverage Chart

Menderes Tekstilnayi ve Ticaret AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

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4.28

2.21

4.75

4.78

9.19

Menderes Tekstilnayi ve Ticaret AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial															8.28	4.19	0.61	3.65	4.93

Competitive Comparison of Menderes Tekstilnayi ve Ticaret AS's Interest Coverage

For the Textile Manufacturing subindustry, Menderes Tekstilnayi ve Ticaret 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.

Menderes Tekstilnayi ve Ticaret AS's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Menderes Tekstilnayi ve Ticaret AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Menderes Tekstilnayi ve Ticaret AS's Interest Coverage falls into.

Menderes Tekstilnayi ve Ticaret 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.

Menderes Tekstilnayi ve Ticaret 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, Menderes Tekstilnayi ve Ticaret AS's Interest Expense was ₺-126 Mil. Its Operating Income was ₺1,159 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺852 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	1159.387	/	-126.22
	=	9.19

Menderes Tekstilnayi ve Ticaret AS's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Menderes Tekstilnayi ve Ticaret AS's Interest Expense was ₺-65 Mil. Its Operating Income was ₺321 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺1,038 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	320.668	/	-65.048
	=	4.93

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

Menderes Tekstilnayi ve Ticaret AS (IST:MNDRS) 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 .

Menderes Tekstilnayi ve Ticaret AS Interest Coverage Related Terms

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

Menderes Tekstilnayi ve Ticaret AS (IST:MNDRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Menderes Tekstil Sanayi ve Ticaret AS (IST:MNDRS) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Üniversite Cad. No:84, Bornova, Izmir, TUR

Website

http://www.menderes.com

Menderes Tekstil Sanayi ve Ticaret AS is a textile company. It is engaged in the manufacturing of beddings, linens, pillow cases, sleep sets, tablecloths, 100% woven and knitted fabrics, polyester and cotton mix fabrics, draperies, collar linings, and fusible garment linings. The company's products are categorized into three which are Home textile products consisting of bedding sets to sleep sets, curtains, baby sets and printed fabrics, Upholstery fabrics, including slipcovers and Lining and interlining comprising of semi-finished products. The company operates under two brands which include La Notte and SNT.

Menderes Tekstilnayi ve Ticaret AS (IST:MNDRS) Headlines

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