Cimsa Cimentonayi Ve Ticaret AS (IST:CIMSA) Interest Expense : ₺-1,153 Mil (TTM As of Dec. 2023)

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What is Cimsa Cimentonayi Ve Ticaret AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cimsa Cimentonayi Ve Ticaret AS's interest expense for the three months ended in Dec. 2023 was ₺ -643 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₺-1,153 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. Cimsa Cimentonayi Ve Ticaret AS's Operating Income for the three months ended in Dec. 2023 was ₺ 648 Mil. Cimsa Cimentonayi Ve Ticaret AS's Interest Expense for the three months ended in Dec. 2023 was ₺ -643 Mil. Cimsa Cimentonayi Ve Ticaret AS's Interest Coverage for the quarter that ended in Dec. 2023 was 1.01. 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.

Cimsa Cimentonayi Ve Ticaret AS Interest Expense Historical Data

The historical data trend for Cimsa Cimentonayi 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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Cimsa Cimentonayi Ve Ticaret AS Interest Expense Chart

Cimsa Cimentonayi Ve Ticaret AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-194.82

-129.29

-104.43

-595.57

-1,152.96

Cimsa Cimentonayi Ve Ticaret 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															-448.28	-139.05	-173.54	-197.75	-642.63

Cimsa Cimentonayi 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 ₺-1,153 Mil.

Cimsa Cimentonayi Ve Ticaret AS (IST:CIMSA) 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.

Cimsa Cimentonayi Ve Ticaret AS's Interest Expense for the three months ended in Dec. 2023 was ₺-643 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₺648 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₺5,039 Mil.

Cimsa Cimentonayi Ve Ticaret 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	*	648.103	/	-642.628
	=	1.01

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

Cimsa Cimentonayi Ve Ticaret AS (IST:CIMSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cimsa Cimento Sanayi Ve Ticaret AS (IST:CIMSA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kayisdagi Cad. No: 1 Kat: 23-24, Allianz Tower Kucukbakkalkoy Mah., Istanbul, TUR, 34750

Website

https://www.cimsa.com.tr

Cimsa Cimento Sanayi Ve Ticaret AS is a building materials company that manufactures and distributes various types of cement. Cimsa's product offerings include specialty cement, such as white cement and calculate aluminate cement and regular grey cement. Beyond the company's primary cement segment, Cimsa produces ready-mixed concrete and the company operates its distribution system. It generates the majority of its revenue from the Cement segment. The company is based in Turkey but maintains factories and operations across Europe.

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