Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) Interest Expense : ₺56 Mil (TTM As of Dec. 2023)

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What is Alfa Solar Enerjinayi Ve Ticaret AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alfa Solar Enerjinayi Ve Ticaret AS's interest expense for the three months ended in Dec. 2023 was ₺ 90 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₺56 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. Alfa Solar Enerjinayi Ve Ticaret AS's Operating Income for the three months ended in Dec. 2023 was ₺ 414 Mil. Alfa Solar Enerjinayi Ve Ticaret AS's Interest Expense for the three months ended in Dec. 2023 was ₺ 90 Mil. Alfa Solar Enerjinayi Ve Ticaret AS 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.

Alfa Solar Enerjinayi Ve Ticaret AS Interest Expense Historical Data

The historical data trend for Alfa Solar Enerjinayi 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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Alfa Solar Enerjinayi Ve Ticaret AS Interest Expense Chart

Alfa Solar Enerjinayi Ve Ticaret AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-5.67

-10.62

-2.19

25.30

56.40

Alfa Solar Enerjinayi Ve Ticaret AS Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial							36.20	-4.71	-11.57	-17.74	90.42

Alfa Solar Enerjinayi 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 ₺56 Mil.

Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) 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.

Alfa Solar Enerjinayi Ve Ticaret AS's Interest Expense for the three months ended in Dec. 2023 was ₺90 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₺414 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₺104 Mil.

Alfa Solar Enerjinayi Ve Ticaret AS's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

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

Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Alfa Solar Enerji Sanayi Ve Ticaret AS (IST:ALFAS) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Balgat Mahallesi Mevlana Boulevard, No 139/A, Floor 9, Apartment No: 31, Yelken Plaza, Cankaya, Ankara, TUR

Website

https://www.alfasolarenerji.com

Alfa Solar Enerji Sanayi Ve Ticaret AS engages in the manufacturing of photovoltaic (PV) panels in an ultra-modern facility. Its product portfolio comprises Polycrystalline Panels, Monocrystalline Panels, and half-cut panels.

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