Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) Interest Expense : ₺-84 Mil (TTM As of Dec. 2023)

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What is Cimentas Izmir Cimento Fabrikasi Turk AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cimentas Izmir Cimento Fabrikasi Turk AS's interest expense for the three months ended in Dec. 2023 was ₺ -27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₺-84 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. Cimentas Izmir Cimento Fabrikasi Turk AS's Operating Income for the three months ended in Dec. 2023 was ₺ -348 Mil. Cimentas Izmir Cimento Fabrikasi Turk AS's Interest Expense for the three months ended in Dec. 2023 was ₺ -27 Mil. Cimentas Izmir Cimento Fabrikasi Turk 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.

Cimentas Izmir Cimento Fabrikasi Turk AS Interest Expense Historical Data

The historical data trend for Cimentas Izmir Cimento Fabrikasi Turk 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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Cimentas Izmir Cimento Fabrikasi Turk AS Interest Expense Chart

Cimentas Izmir Cimento Fabrikasi Turk AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-5.51

-13.55

-13.79

-237.72

-83.66

Cimentas Izmir Cimento Fabrikasi Turk 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															-144.54	-20.53	-16.35	-20.01	-27.35

Cimentas Izmir Cimento Fabrikasi Turk 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 ₺-84 Mil.

Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) 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.

Cimentas Izmir Cimento Fabrikasi Turk AS's Interest Expense for the three months ended in Dec. 2023 was ₺-27 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₺-348 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₺30 Mil.

Cimentas Izmir Cimento Fabrikasi Turk AS's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Cimentas Izmir Cimento Fabrikasi Turk AS did not have earnings to cover the interest expense.

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

Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) » Definitions » Interest Expense

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Address

Egemenlik Mah, Eski Kemalpasa, Caddesi No: 4B, Isikkent Bornova, Izmir, TUR, 35070

Website

https://www.cimentas.com.tr

Cimentas Izmir Cimento Fabrikasi Turk AS is specialized in the production and distribution of grey and white cement, ready-mixed concrete, aggregates and concrete products. It is also active in the management of urban and industrial waste. It's main segments are cement, aggregate, ready-mixed concrete and waste management. It obtains revenue from the sale of ready-mixed concrete and bulk and bagged cement. Cimentas Izmir Cimento Fabrikasi Turk AS is now present in 18 countries across 5 continents.

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