Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY) Interest Expense : ₺-787 Mil (TTM As of Dec. 2023)

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What is Akfen Gayrimenkul Yatirim Ortakligi Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Akfen Gayrimenkul Yatirim Ortakligi's interest expense for the three months ended in Dec. 2023 was ₺ -324 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₺-787 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. Akfen Gayrimenkul Yatirim Ortakligi's Operating Income for the three months ended in Dec. 2023 was ₺ 387 Mil. Akfen Gayrimenkul Yatirim Ortakligi's Interest Expense for the three months ended in Dec. 2023 was ₺ -324 Mil. Akfen Gayrimenkul Yatirim Ortakligi's Interest Coverage for the quarter that ended in Dec. 2023 was 1.20. 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.

Akfen Gayrimenkul Yatirim Ortakligi Interest Expense Historical Data

The historical data trend for Akfen Gayrimenkul Yatirim Ortakligi'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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Akfen Gayrimenkul Yatirim Ortakligi Interest Expense Chart

Akfen Gayrimenkul Yatirim Ortakligi Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-118.08

-146.79

-125.74

-530.10

-787.23

Akfen Gayrimenkul Yatirim Ortakligi 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															-385.42	-123.14	-194.79	-145.75	-323.55

Akfen Gayrimenkul Yatirim Ortakligi 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 ₺-787 Mil.

Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY) 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.

Akfen Gayrimenkul Yatirim Ortakligi's Interest Expense for the three months ended in Dec. 2023 was ₺-324 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₺387 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₺4,361 Mil.

Akfen Gayrimenkul Yatirim Ortakligi'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	*	387.243	/	-323.546
	=	1.20

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

Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

Levent Loft, Büyükdere Cad. No:201, C Blok Kat 8, Istanbul, TUR

Website

http://www.akfengyo.com.tr

Akfen Gayrimenkul Yatirim Ortakligi is a real estate investment trust. The group's main operations and activities are investing in real estates, real estate projects, and real estate-based capital markets instruments and to create and develop a real estate portfolio. The group is mainly developing hotels with Ibis Hotel and Novotel trademarks and leasing the hotels to Tamaris Turizm A.S. It is organized geographically across three principal operating segments: Turkey, Northern Cyprus, and Russia. Geographically the company receives maximum revenue from Turkey.

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