Altinyag Kombinalari AS (IST:ALMAD) Interest Expense : ₺-4.0 Mil (TTM As of Sep. 2023)

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What is Altinyag Kombinalari AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Altinyag Kombinalari AS's interest expense for the three months ended in Sep. 2023 was ₺ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₺-4.0 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. Altinyag Kombinalari AS's Operating Income for the three months ended in Sep. 2023 was ₺ 25.9 Mil. Altinyag Kombinalari AS's Interest Expense for the three months ended in Sep. 2023 was ₺ -0.2 Mil. Altinyag Kombinalari AS's Interest Coverage for the quarter that ended in Sep. 2023 was 135.40. 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.

Altinyag Kombinalari AS Interest Expense Historical Data

The historical data trend for Altinyag Kombinalari 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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Altinyag Kombinalari AS Interest Expense Chart

Altinyag Kombinalari AS Annual Data

Trend

Dec13

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Dec15

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Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-6.68

-4.04

-0.90

-0.13

-8.44

Altinyag Kombinalari AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-1.68	-3.60	-0.04	-0.18	-0.19

Altinyag Kombinalari 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺-4.0 Mil.

Altinyag Kombinalari AS (IST:ALMAD) 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.

Altinyag Kombinalari AS's Interest Expense for the three months ended in Sep. 2023 was ₺-0.2 Mil. Its Operating Income for the three months ended in Sep. 2023 was ₺25.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was ₺0.0 Mil.

Altinyag Kombinalari AS's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	25.861	/	-0.191
	=	135.40

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

Altinyag Kombinalari AS (IST:ALMAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Altinyag Kombinalari AS (IST:ALMAD) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Ataturk OSB, Sk Number 7, Izmir, Cigli, TUR, 10035

Website

http://www.altinyag.com.tr

Altinyag Kombinalari AS is a Turkey-based company engaged in producing vegetable oils from various seeds including Canola Seed, Linseed, Camelina Sativa Seed, Soy Bean Seed, and Sunflower Seed among others. The products of the company consist of Crude Oil, Semi-Refined Vegetable Oil, Fully Refined Vegetable Oil, Vegetable Oil Mixtures and Soap Stock.

Altinyag Kombinalari AS (IST:ALMAD) Headlines

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