Izmir Fircanayi ve Ticaret AS (IST:IZFAS) Interest Expense : ₺-11.5 Mil (TTM As of Dec. 2023)

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What is Izmir Fircanayi ve Ticaret AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Izmir Fircanayi ve Ticaret AS's interest expense for the three months ended in Dec. 2023 was ₺ -6.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₺-11.5 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. Izmir Fircanayi ve Ticaret AS's Operating Income for the three months ended in Dec. 2023 was ₺ 17.2 Mil. Izmir Fircanayi ve Ticaret AS's Interest Expense for the three months ended in Dec. 2023 was ₺ -6.1 Mil. Izmir Fircanayi ve Ticaret AS's Interest Coverage for the quarter that ended in Dec. 2023 was 2.83. 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.

Izmir Fircanayi ve Ticaret AS Interest Expense Historical Data

The historical data trend for Izmir Fircanayi 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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Izmir Fircanayi ve Ticaret AS Interest Expense Chart

Izmir Fircanayi ve Ticaret AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.71

-1.44

-1.84

-6.42

-11.54

Izmir Fircanayi ve Ticaret AS Quarterly Data
	Sep14	Dec14	Jun15	Sep15	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-3.39	-1.07	-1.37	-3.01	-6.09

Izmir Fircanayi 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 ₺-11.5 Mil.

Izmir Fircanayi ve Ticaret AS (IST:IZFAS) 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.

Izmir Fircanayi ve Ticaret AS's Interest Expense for the three months ended in Dec. 2023 was ₺-6.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₺17.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₺8.2 Mil.

Izmir Fircanayi 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	*	17.205	/	-6.085
	=	2.83

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

Izmir Fircanayi ve Ticaret AS (IST:IZFAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Izmir Firca Sanayi ve Ticaret AS (IST:IZFAS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

10006. Sokak, No: 18 AOSB ZIP, Karsiyaka, Istanbul, TUR, 35620

Website

http://www.izmirfirca.com.tr

Izmir Firca Sanayi ve Ticaret A.S. provides products used in construction and cleaning the area for domestic and international market. The Company's products include bucket, cloth, stairs, brush, roll, garden cleaner and skerkel paint brush.

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