Metemtur Otelcilik ve Turizm Isletmeleri AS (IST:METUR) Interest Expense : ₺-5.0 Mil (TTM As of Mar. 2023)

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What is Metemtur Otelcilik ve Turizm Isletmeleri AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Metemtur Otelcilik ve Turizm Isletmeleri AS's interest expense for the three months ended in Mar. 2023 was ₺ -0.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₺-5.0 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. Metemtur Otelcilik ve Turizm Isletmeleri AS's Operating Income for the three months ended in Mar. 2023 was ₺ 12.5 Mil. Metemtur Otelcilik ve Turizm Isletmeleri AS's Interest Expense for the three months ended in Mar. 2023 was ₺ -0.9 Mil. Metemtur Otelcilik ve Turizm Isletmeleri AS's Interest Coverage for the quarter that ended in Mar. 2023 was 13.82. 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.

Metemtur Otelcilik ve Turizm Isletmeleri AS Interest Expense Historical Data

The historical data trend for Metemtur Otelcilik ve Turizm Isletmeleri 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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Metemtur Otelcilik ve Turizm Isletmeleri AS Interest Expense Chart

Metemtur Otelcilik ve Turizm Isletmeleri AS Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.90

-1.76

-3.11

-5.35

-13.62

Metemtur Otelcilik ve Turizm Isletmeleri AS Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23
Interest Expense	Get a 7-Day Free Trial															-2.34	-1.03	-0.77	-0.90	-

Metemtur Otelcilik ve Turizm Isletmeleri 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺-5.0 Mil.

Metemtur Otelcilik ve Turizm Isletmeleri AS (IST:METUR) 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.

Metemtur Otelcilik ve Turizm Isletmeleri AS's Interest Expense for the three months ended in Mar. 2023 was ₺-0.9 Mil. Its Operating Income for the three months ended in Mar. 2023 was ₺12.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was ₺46.1 Mil.

Metemtur Otelcilik ve Turizm Isletmeleri AS's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	12.492	/	-0.904
	=	13.82

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

Metemtur Otelcilik ve Turizm Isletmeleri AS (IST:METUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Metemtur Otelcilik ve Turizm Isletmeleri AS (IST:METUR) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Beyaz Karanfil Street Number 13, 3. Levent, Besiktas, Istanbul, TUR

Website

http://www.metemtur.com

Metemtur Otelcilik ve Turizm AS operates in the hotel management and construction. The company projects include Caresse Bodrum project.

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