Marti Technologies (Marti Technologies) Interest Expense : $-5.88 Mil (TTM As of Dec. 2023)

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What is Marti Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Marti Technologies's interest expense for the three months ended in Dec. 2023 was $ -5.88 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-5.88 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. Marti Technologies's Operating Income for the three months ended in Dec. 2023 was $ -23.14 Mil. Marti Technologies's Interest Expense for the three months ended in Dec. 2023 was $ -5.88 Mil. Marti Technologies did not have earnings to cover the interest expense. 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.

Marti Technologies Interest Expense Historical Data

The historical data trend for Marti Technologies'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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Marti Technologies Interest Expense Chart

Marti Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.26

-0.61

-1.89

-6.74

Marti Technologies Quarterly Data
	Dec20	Sep21	Dec21	Sep22	Dec22	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial			0.41	-	-1.27	-	-5.88

Marti Technologies 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 $-5.88 Mil.

Marti Technologies (AMEX:MRT) 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.

Marti Technologies's Interest Expense for the three months ended in Dec. 2023 was $-5.88 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-23.14 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $55.08 Mil.

Marti Technologies's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Marti Technologies did not have earnings to cover the interest expense.

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

Marti Technologies (Marti Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Marti Technologies Inc (AMEX:MRT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2001 S Street NW, Suite 320, Washington, DC, USA, 20009

Website

https://www.marti.tech

Marti Technologies Inc is a mobility app, operating a fleet of over 48,000 e-mopeds, e-bikes, and e-scooters, serviced by proprietary software systems and IoT infrastructure.

Executives

Adam S Metz	director	110 NORTH WACKER DRIVE, CHICAGO IL 60606
Shelley Guiley	director	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Kemal Kaya	director, officer: Chief Executive Officer	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Michael Tanzer	officer: Chief Financial Officer	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Daniel Freifeld	director, 10 percent owner, officer: President and CIO	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Galata Acquisition Sponsor Llc	10 percent owner	2001 S STREET NW, SUITE 320, WASHINGTON DC 20009
Timothy Michael Shannon	director	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009