Oyak Cmento Fabrikalari Anonim Sirketi (IST:OYAKC) Interest Expense : ₺-1,466 Mil (TTM As of Dec. 2023)

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What is Oyak Cmento Fabrikalari Anonim Sirketi Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Oyak Cmento Fabrikalari Anonim Sirketi's interest expense for the three months ended in Dec. 2023 was ₺ -1,231 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₺-1,466 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. Oyak Cmento Fabrikalari Anonim Sirketi's Operating Income for the three months ended in Dec. 2023 was ₺ 3,547 Mil. Oyak Cmento Fabrikalari Anonim Sirketi's Interest Expense for the three months ended in Dec. 2023 was ₺ -1,231 Mil. Oyak Cmento Fabrikalari Anonim Sirketi's Interest Coverage for the quarter that ended in Dec. 2023 was 2.88. 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.

Oyak Cmento Fabrikalari Anonim Sirketi Interest Expense Historical Data

The historical data trend for Oyak Cmento Fabrikalari Anonim Sirketi'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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Oyak Cmento Fabrikalari Anonim Sirketi Interest Expense Chart

Oyak Cmento Fabrikalari Anonim Sirketi Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-164.26

-128.03

-121.12

-886.44

-1,466.08

Oyak Cmento Fabrikalari Anonim Sirketi Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-737.51	-56.23	-78.22	-100.90	-1,230.73

Oyak Cmento Fabrikalari Anonim Sirketi 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 ₺-1,466 Mil.

Oyak Cmento Fabrikalari Anonim Sirketi (IST:OYAKC) 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.

Oyak Cmento Fabrikalari Anonim Sirketi's Interest Expense for the three months ended in Dec. 2023 was ₺-1,231 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₺3,547 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₺136 Mil.

Oyak Cmento Fabrikalari Anonim Sirketi'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	*	3547.085	/	-1230.729
	=	2.88

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

Oyak Cmento Fabrikalari Anonim Sirketi (IST:OYAKC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Oyak Cmento Fabrikalari Anonim Sirketi (IST:OYAKC) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Cukurambar Mahallesi 1480, Sokak No: 2A/56, Cankaya-Ankara, Ordu, TUR

Website

https://www.oyakcimento.com

Oyak Cmento Fabrikalari Anonim Sirketi is engaged in the manufacture and sale of cement and clinker. The company's product portfolio encompasses various types of cement and clinker, such as Portland cement, pozzolanic cement, Portland composite cement, sulfate resistant cement and petroleum cement.

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