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Pasifik Gayrimenkul Yatirim Ortakligi AS (IST:PSGYO) Interest Coverage : 1.25 (As of Dec. 2023)


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What is Pasifik Gayrimenkul Yatirim Ortakligi 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. Pasifik Gayrimenkul Yatirim Ortakligi AS's Operating Income for the three months ended in Dec. 2023 was ₺237 Mil. Pasifik Gayrimenkul Yatirim Ortakligi AS's Interest Expense for the three months ended in Dec. 2023 was ₺-189 Mil. Pasifik Gayrimenkul Yatirim Ortakligi AS's interest coverage for the quarter that ended in Dec. 2023 was 1.25. 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. Pasifik Gayrimenkul Yatirim Ortakligi AS interest coverage is 1.89, which is low.

The historical rank and industry rank for Pasifik Gayrimenkul Yatirim Ortakligi AS's Interest Coverage or its related term are showing as below:

IST:PSGYO' s Interest Coverage Range Over the Past 10 Years
Min: 0.38   Med: 15.48   Max: 116.83
Current: 1.89


IST:PSGYO's Interest Coverage is ranked worse than
69.77% of 665 companies
in the REITs industry
Industry Median: 2.94 vs IST:PSGYO: 1.89

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


Pasifik Gayrimenkul Yatirim Ortakligi AS Interest Coverage Historical Data

The historical data trend for Pasifik Gayrimenkul Yatirim Ortakligi 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.

Pasifik Gayrimenkul Yatirim Ortakligi AS Interest Coverage Chart

Pasifik Gayrimenkul Yatirim Ortakligi AS Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Interest Coverage
0.38 116.83 29.07 1.89

Pasifik Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 124.71 - - 41.54 1.25

Competitive Comparison of Pasifik Gayrimenkul Yatirim Ortakligi AS's Interest Coverage

For the REIT - Diversified subindustry, Pasifik Gayrimenkul Yatirim Ortakligi 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.


Pasifik Gayrimenkul Yatirim Ortakligi AS's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Pasifik Gayrimenkul Yatirim Ortakligi AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Pasifik Gayrimenkul Yatirim Ortakligi AS's Interest Coverage falls into.



Pasifik Gayrimenkul Yatirim Ortakligi 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.

Pasifik Gayrimenkul Yatirim Ortakligi 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, Pasifik Gayrimenkul Yatirim Ortakligi AS's Interest Expense was ₺-257 Mil. Its Operating Income was ₺487 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺4,082 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*486.769/-256.882
=1.89

Pasifik Gayrimenkul Yatirim Ortakligi AS's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Pasifik Gayrimenkul Yatirim Ortakligi AS's Interest Expense was ₺-189 Mil. Its Operating Income was ₺237 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺4,082 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*237.296/-189.165
=1.25

* 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.


Pasifik Gayrimenkul Yatirim Ortakligi AS  (IST:PSGYO) 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 .


Pasifik Gayrimenkul Yatirim Ortakligi AS Interest Coverage Related Terms

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


Pasifik Gayrimenkul Yatirim Ortakligi AS (IST:PSGYO) Business Description

Traded in Other Exchanges
N/A
Address
Kizilirmak Mah., Bulvari No. 3 Next Level A, 1st Floor No. 1, Dumlupinar, TUR, 06520
Pasifik Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust. The company offers investment opportunities by expanding its real estate portfolio. Its projects include Center Ankara Project and Next Level Istanbul.

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