Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Interest Expense : ₺-399 Mil (TTM As of Dec. 2023)

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What is Ofis Yem Gidanayi ve Ticaret AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ofis Yem Gidanayi ve Ticaret AS's interest expense for the three months ended in Dec. 2023 was ₺ -213 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₺-399 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. Ofis Yem Gidanayi ve Ticaret AS's Operating Income for the three months ended in Dec. 2023 was ₺ 555 Mil. Ofis Yem Gidanayi ve Ticaret AS's Interest Expense for the three months ended in Dec. 2023 was ₺ -213 Mil. Ofis Yem Gidanayi ve Ticaret AS's Interest Coverage for the quarter that ended in Dec. 2023 was 2.60. 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.

Ofis Yem Gidanayi ve Ticaret AS Interest Expense Historical Data

The historical data trend for Ofis Yem Gidanayi 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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Ofis Yem Gidanayi ve Ticaret AS Interest Expense Chart

Ofis Yem Gidanayi ve Ticaret AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-46.82

-96.61

-486.95

-485.47

Ofis Yem Gidanayi ve Ticaret AS Quarterly Data
	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial			-87.62	-300.25	-85.52	-100.00	-213.40

Ofis Yem Gidanayi 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 ₺-399 Mil.

Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) 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.

Ofis Yem Gidanayi ve Ticaret AS's Interest Expense for the three months ended in Dec. 2023 was ₺-213 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₺555 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₺270 Mil.

Ofis Yem Gidanayi 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	*	555.241	/	-213.396
	=	2.60

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

Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ofis Yem Gida Sanayi ve Ticaret AS (IST:OFSYM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mustafa Kemal Mah. Dumlupinar,, Bulv. No:266, Number 15-16 06510, Tepe Prime Business Center Block C, Mezzanine Floor, Ankara District, Çankaya, TUR

Website

https://www.ofisyem.com.tr

Ofis Yem Gida Sanayi ve Ticaret AS operates in the Other Animal Food Manufacturing industry. The company's line of business includes the manufacturing of prepared feeds and feed ingredients for animals and fowls.

Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Headlines

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