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Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi AS (IST:MNDTR) Interest Coverage : 4.40 (As of Dec. 2022)


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What is Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi 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. Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi AS's Operating Income for the six months ended in Dec. 2022 was ₺1,078 Mil. Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi AS's Interest Expense for the six months ended in Dec. 2022 was ₺-245 Mil. Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi AS's interest coverage for the quarter that ended in Dec. 2022 was 4.40. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi AS's Interest Coverage or its related term are showing as below:

IST:MNDTR' s Interest Coverage Range Over the Past 10 Years
Min: 0.08   Med: 1.76   Max: 8.19
Current: 4.4


IST:MNDTR's Interest Coverage is ranked worse than
60.9% of 312 companies
in the Packaging & Containers industry
Industry Median: 6.76 vs IST:MNDTR: 4.40

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


Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi AS Interest Coverage Historical Data

The historical data trend for Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi 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.

Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi AS Interest Coverage Chart

Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi AS Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.03 1.92 0.54 8.19 4.40

Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi AS Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec21 Dec22
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.03 1.92 0.54 8.19 4.40

Competitive Comparison of Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi AS's Interest Coverage

For the Packaging & Containers subindustry, Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi 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.


Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi AS's Interest Coverage Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi AS's Interest Coverage falls into.



Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi 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.

Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi 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, Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi AS's Interest Expense was ₺-245 Mil. Its Operating Income was ₺1,078 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺25 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*1078.316/-244.871
=4.40

Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi AS's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the six months ended in Dec. 2022, Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi AS's Interest Expense was ₺-245 Mil. Its Operating Income was ₺1,078 Mil. And its Long-Term Debt & Capital Lease Obligation was ₺25 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2022 )/Interest Expense (Q: Dec. 2022 )
=-1*1078.316/-244.871
=4.40

* 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.


Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi AS  (IST:MNDTR) 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 .


Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi AS Interest Coverage Related Terms

Thank you for viewing the detailed overview of Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi AS's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Mondi Turkey Oluklu Mukavva Kagit ve Ambalajnayi AS (IST:MNDTR) Business Description

Traded in Other Exchanges
N/A
Address
Yolu Uzeri No:28, Toki Mahallesi, Odemis, Tire, Izmir, TUR, 35900
Mondi Turkey Oluklu Mukavva Kagit ve Ambalaj Sanayi AS is engaged in the supply of paper and its packaging with operations across different countries. The company has experience in packaging design and print/materials choice.

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