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Koza Anadolu Metal Madencilik Isletmeleri AS (IST:KOZAA) Interest Coverage : 12.90 (As of Sep. 2023)


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What is Koza Anadolu Metal Madencilik Isletmeleri 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. Koza Anadolu Metal Madencilik Isletmeleri AS's Operating Income for the three months ended in Sep. 2023 was ₺846 Mil. Koza Anadolu Metal Madencilik Isletmeleri AS's Interest Expense for the three months ended in Sep. 2023 was ₺-66 Mil. Koza Anadolu Metal Madencilik Isletmeleri AS's interest coverage for the quarter that ended in Sep. 2023 was 12.90. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Koza Anadolu Metal Madencilik Isletmeleri AS's Interest Coverage or its related term are showing as below:

IST:KOZAA' s Interest Coverage Range Over the Past 10 Years
Min: 5.68   Med: 65.01   Max: 3321.77
Current: 9.88


IST:KOZAA's Interest Coverage is ranked worse than
80.25% of 1342 companies
in the Metals & Mining industry
Industry Median: No Debt vs IST:KOZAA: 9.88

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


Koza Anadolu Metal Madencilik Isletmeleri AS Interest Coverage Historical Data

The historical data trend for Koza Anadolu Metal Madencilik Isletmeleri 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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Koza Anadolu Metal Madencilik Isletmeleri AS Interest Coverage Chart

Koza Anadolu Metal Madencilik Isletmeleri AS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,321.77 33.98 68.04 165.76 47.73

Koza Anadolu Metal Madencilik Isletmeleri 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A 8.47 - 89.92 12.90

Competitive Comparison of Koza Anadolu Metal Madencilik Isletmeleri AS's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Koza Anadolu Metal Madencilik Isletmeleri 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.


Koza Anadolu Metal Madencilik Isletmeleri AS's Interest Coverage Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Koza Anadolu Metal Madencilik Isletmeleri AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Koza Anadolu Metal Madencilik Isletmeleri AS's Interest Coverage falls into.



Koza Anadolu Metal Madencilik Isletmeleri 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.

Koza Anadolu Metal Madencilik Isletmeleri 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, Koza Anadolu Metal Madencilik Isletmeleri AS's Interest Expense was ₺-49 Mil. Its Operating Income was ₺2,339 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺15 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*2339.254/-49.01
=47.73

Koza Anadolu Metal Madencilik Isletmeleri AS's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Koza Anadolu Metal Madencilik Isletmeleri AS's Interest Expense was ₺-66 Mil. Its Operating Income was ₺846 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺8 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2023 )/Interest Expense (Q: Sep. 2023 )
=-1*846.423/-65.6
=12.90

* 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.


Koza Anadolu Metal Madencilik Isletmeleri AS  (IST:KOZAA) 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 .


Koza Anadolu Metal Madencilik Isletmeleri AS Interest Coverage Related Terms

Thank you for viewing the detailed overview of Koza Anadolu Metal Madencilik Isletmeleri AS's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Koza Anadolu Metal Madencilik Isletmeleri AS (IST:KOZAA) Business Description

Traded in Other Exchanges
N/A
Address
?stanbul Yolu, 10.km No:310, Ankara, Cankaya, Batikent, TUR
Koza Anadolu Metal Madencilik Isletmeleri AS operates in the mining sector in Turkey. The firm engages in the development and exploration of copper, lead-zinc, iron and similar mineral mining reserves. It holds interests in the Balikesir-Sagirlar Project, Çiftehan-Esendemir Project, Çiftehan-Elmali Project, Konak Project, Diyarbakir-Çüngüs Project, and Batman-Sason Project.

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