Borlease Otomotiv AS (IST:BORLS) Interest Expense : ₺-294 Mil (TTM As of Sep. 2023)

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What is Borlease Otomotiv AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Borlease Otomotiv AS's interest expense for the three months ended in Sep. 2023 was ₺ -166 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₺-294 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. Borlease Otomotiv AS's Operating Income for the three months ended in Sep. 2023 was ₺ 239 Mil. Borlease Otomotiv AS's Interest Expense for the three months ended in Sep. 2023 was ₺ -166 Mil. Borlease Otomotiv AS's Interest Coverage for the quarter that ended in Sep. 2023 was 1.44. 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.

Borlease Otomotiv AS Interest Expense Historical Data

The historical data trend for Borlease Otomotiv 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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Borlease Otomotiv AS Interest Expense Chart

Borlease Otomotiv AS Annual Data

Trend

Dec20

Dec21

Dec22

Interest Expense

-132.72

-225.42

-340.95

Borlease Otomotiv AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial			-	-87.29	-128.01	-	-165.75

Borlease Otomotiv 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 ₺-294 Mil.

Borlease Otomotiv AS (IST:BORLS) 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.

Borlease Otomotiv AS's Interest Expense for the three months ended in Sep. 2023 was ₺-166 Mil. Its Operating Income for the three months ended in Sep. 2023 was ₺239 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was ₺563 Mil.

Borlease Otomotiv 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	*	238.682	/	-165.754
	=	1.44

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Borlease Otomotiv AS interest coverage is 2.62, which is low.

Borlease Otomotiv AS (IST:BORLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Borlease Otomotiv AS (IST:BORLS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

Saray Mahallesi, Dr. Adnan Büyükdeniz Cad. 2 Blok, No: 4 Ic Kap? No: 28 Umraniye, Istanbul, TUR

Website

https://www.borlease.com.tr

Borlease Otomotiv AS is a company whose main activity is is to rent all kinds of motorized and non-motorized land vehicles, whether it is owned or otherwise obtained from third parties and institutions. The Company primarily provides operational fleet rental services for all brands of passenger vehicles.

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