Gimat Magazaciliknayi ve Ticaret AS (IST:GMTAS) Interest Expense : ₺-26 Mil (TTM As of Dec. 2023)

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What is Gimat Magazaciliknayi ve Ticaret AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gimat Magazaciliknayi ve Ticaret AS's interest expense for the three months ended in Dec. 2023 was ₺ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₺-26 Mil.

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. Gimat Magazaciliknayi ve Ticaret AS's Operating Income for the three months ended in Dec. 2023 was ₺ 83 Mil. Gimat Magazaciliknayi ve Ticaret AS's Interest Expense for the three months ended in Dec. 2023 was ₺ -14 Mil. Gimat Magazaciliknayi ve Ticaret AS's Interest Coverage for the quarter that ended in Dec. 2023 was 6.06. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Gimat Magazaciliknayi ve Ticaret AS Interest Expense Historical Data

The historical data trend for Gimat Magazaciliknayi ve Ticaret AS's Interest Expense 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.

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Gimat Magazaciliknayi ve Ticaret AS Interest Expense Chart

Gimat Magazaciliknayi ve Ticaret AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.33

-0.35

-0.87

-9.59

-26.09

Gimat Magazaciliknayi ve Ticaret AS Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial											-6.03	-2.03	-3.03	-7.27	-13.76

Gimat Magazaciliknayi ve Ticaret AS Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺-26 Mil.

Gimat Magazaciliknayi ve Ticaret AS (IST:GMTAS) Interest Expense Explanation

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

Gimat Magazaciliknayi ve Ticaret AS's Interest Expense for the three months ended in Dec. 2023 was ₺-14 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₺83 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₺24 Mil.

Gimat Magazaciliknayi ve Ticaret AS's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	83.417	/	-13.763
	=	6.06

The higher the ratio, the stronger the company's financial strength is.

Gimat Magazaciliknayi ve Ticaret AS (IST:GMTAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Gimat Magazacilik Sanayi ve Ticaret AS (IST:GMTAS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Macun Mah. Bagdat Cad, 101/1 Yenimahalle, Ankara, TUR

Website

https://www.gimatgross.net

Gimat Magazacilik Sanayi ve Ticaret AS is engaged in the operations of convenience stores. Its products include Beverages, Non Food products, Sea Food, Meat, Bakery products, Cosmetics, and Cleaning products among others.

Gimat Magazaciliknayi ve Ticaret AS (IST:GMTAS) Headlines

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