Pegasus Hava Tasimaciligi AS (IST:PGSUS) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

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What is Pegasus Hava Tasimaciligi 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. Pegasus Hava Tasimaciligi AS's Operating Income for the three months ended in Mar. 2024 was ₺-1,628 Mil. Pegasus Hava Tasimaciligi AS's Interest Expense for the three months ended in Mar. 2024 was ₺-1,894 Mil. did not have earnings to cover the interest expense. 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. Pegasus Hava Tasimaciligi AS interest coverage is 2.01, which is low.

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

IST:PGSUS' s Interest Coverage Range Over the Past 10 Years
Min: 2.01 Med: 5.47 Max: 24.11
Current: 2.01

IST:PGSUS's Interest Coverage is ranked worse than
79.8% of 812 companies
in the Transportation industry
Industry Median: 5.295 vs IST:PGSUS: 2.01

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

Pegasus Hava Tasimaciligi AS Interest Coverage Historical Data

The historical data trend for Pegasus Hava Tasimaciligi 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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Pegasus Hava Tasimaciligi AS Interest Coverage Chart

Pegasus Hava Tasimaciligi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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4.89

4.66

2.67

Pegasus Hava Tasimaciligi AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															-	2.89	6.59	0.64	-

Competitive Comparison of Pegasus Hava Tasimaciligi AS's Interest Coverage

For the Airlines subindustry, Pegasus Hava Tasimaciligi 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.

Pegasus Hava Tasimaciligi AS's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Pegasus Hava Tasimaciligi AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Pegasus Hava Tasimaciligi AS's Interest Coverage falls into.

Pegasus Hava Tasimaciligi 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.

Pegasus Hava Tasimaciligi AS's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Pegasus Hava Tasimaciligi AS's Interest Expense was ₺-5,122 Mil. Its Operating Income was ₺13,678 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺100,894 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	13677.92	/	-5122.013
	=	2.67

Pegasus Hava Tasimaciligi AS's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Pegasus Hava Tasimaciligi AS's Interest Expense was ₺-1,894 Mil. Its Operating Income was ₺-1,628 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺106,808 Mil.

Pegasus Hava Tasimaciligi AS did not have earnings to cover the interest expense.

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

Pegasus Hava Tasimaciligi AS (IST:PGSUS) 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 .

Pegasus Hava Tasimaciligi AS Interest Coverage Related Terms

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

Pegasus Hava Tasimaciligi AS (IST:PGSUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pegasus Hava Tasimaciligi AS (IST:PGSUS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aeropark, Yeni?ehir Mahallesi, Osmanl? Bulvar?, No: 11/A, Kurtkoy-Pendik, Istanbul, TUR, 34912

Website

https://www.flypgs.com

Pegasus Hava Tasimaciligi AS is one of the leading airlines in Turkey. It provides domestic and international routes and focuses on providing high-frequency services on short- and medium-haul flights. Scheduled and chartered flights are offered, and the company generates additional revenues by providing ancillary services. In-flight beverages and food, excess baggage, reservation changes, seat selection, and other services are provided to customers at an extra charge. The company is managed as a single business unit, and resource-allocation decisions are based on the entire route network. Approximately half of the total revenue is derived from international scheduled flights. Destinations across Europe make up the majority of international flights.

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