Turk Traktor ve Ziraat Makineleri AS (Turk Traktor ve Ziraat Makineleri AS) Interest Expense : $-39 Mil (TTM As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Turk Traktor ve Ziraat Makineleri AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Turk Traktor ve Ziraat Makineleri AS's interest expense for the three months ended in Dec. 2023 was $ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-39 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. Turk Traktor ve Ziraat Makineleri AS's Operating Income for the three months ended in Dec. 2023 was $ 152 Mil. Turk Traktor ve Ziraat Makineleri AS's Interest Expense for the three months ended in Dec. 2023 was $ -19 Mil. Turk Traktor ve Ziraat Makineleri AS's Interest Coverage for the quarter that ended in Dec. 2023 was 8.18. 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.

Turk Traktor ve Ziraat Makineleri AS Interest Expense Historical Data

The historical data trend for Turk Traktor ve Ziraat Makineleri 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.

* Premium members only.

Turk Traktor ve Ziraat Makineleri AS Interest Expense Chart

Turk Traktor ve Ziraat Makineleri AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-43.30

-16.63

-8.90

-42.35

-34.50

Turk Traktor ve Ziraat Makineleri AS Quarterly Data
	Mar19	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															-28.65	-9.77	-6.33	-4.67	-18.63

Turk Traktor ve Ziraat Makineleri 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 $-39 Mil.

Turk Traktor ve Ziraat Makineleri AS (OTCPK:TTRKF) 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.

Turk Traktor ve Ziraat Makineleri AS's Interest Expense for the three months ended in Dec. 2023 was $-19 Mil. Its Operating Income for the three months ended in Dec. 2023 was $152 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $28 Mil.

Turk Traktor ve Ziraat Makineleri 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	*	152.452	/	-18.627
	=	8.18

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

Turk Traktor ve Ziraat Makineleri AS (Turk Traktor ve Ziraat Makineleri AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Turk Traktor ve Ziraat Makineleri AS (OTCPK:TTRKF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TTRAK:Turkey

Address

Gazi Mahallesi Anadolu Boulevard No: 52 - 52A, Yenimahalle, Ankara, TUR, 06560

Website

http://www.turktraktor.com.tr

Turk Traktor ve Ziraat Makineleri AS is one of the largest tractor manufacturers in Turkey. It sells tractors, combine harvesters, planters, cotton pickers, and other agricultural machinery and equipment. The company's worldwide sales and marketing network generates recurring aftermarket sales and showcases new features in product development. Plants are equipped with gear and heat treatment facilities, specialized machines, engine manufacturing facilities, paint shops, and assembly lines. The company also operates quality control labs, testing equipment, and incorporates research and development to design and produce innovative solutions. Most parts and components are manufactured internally, but the company may use third parties to meet international quality standards.

Turk Traktor ve Ziraat Makineleri AS (Turk Traktor ve Ziraat Makineleri AS) Headlines

No Headlines