Ege Endustri ve Ticaret AS (IST:EGEEN) Interest Expense: ₺-124 Mil (TTM As of Dec. 2023)

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IST:EGEEN Ege Endustri ve Ticaret AS IST:EGEEN
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What is Ege Endustri ve Ticaret AS Interest Expense?

Ege Endustri ve Ticaret AS IST:EGEEN +0.23% 5 Interest Expense is ₺-124 Mil as of Dec. 2023. GuruFocus rates IST:EGEEN with a GF Score™ of 5/100.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ege Endustri ve Ticaret AS's interest expense for the three months ended in Dec. 2023 was ₺ -69 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₺-124 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. Ege Endustri ve Ticaret AS's Operating Income for the three months ended in Dec. 2023 was ₺ 217 Mil. Ege Endustri ve Ticaret AS's Interest Expense for the three months ended in Dec. 2023 was ₺ -69 Mil. Ege Endustri ve Ticaret AS's Interest Coverage for the quarter that ended in Dec. 2023 was 3.15. 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.

Ege Endustri ve Ticaret AS  (IST:EGEEN) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ege Endustri ve Ticaret AS's Interest Expense for the three months ended in Dec. 2023 was ₺-69 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₺217 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₺1,213 Mil.

Ege Endustri 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*216.586/-68.686
=3.15

* 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.

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

Ege Endustri ve Ticaret AS Interest Expense Historical Data

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The historical data trend for Ege Endustri 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.

Ege Endustri ve Ticaret AS Interest Expense Chart

Ege Endustri ve Ticaret AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.98 -3.97 -1.78 -56.36 -124.50

Ege Endustri 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -29.97 -13.92 -19.69 -22.20 -68.69
IST:EGEEN
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Ege Endustri ve Ticaret AS IST:EGEEN
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Ege Endustri 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 ₺-124 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of ₺-124 Mil mean?
Ege Endustri ve Ticaret AS (IST:EGEEN) has a Interest Expense of ₺-124 Mil as of Dec. 2023. Interest Expense is the amount a company pays on its long-term debt. View historical data on Ege Endustri ve Ticaret AS and its competitors.
Is Ege Endustri ve Ticaret AS's Interest Expense too high?
Ege Endustri ve Ticaret AS's current Interest Expense is ₺-124 Mil. Overall, Ege Endustri ve Ticaret AS has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Ege Endustri ve Ticaret AS's Interest Expense compare to GPC and MBLY?
Ege Endustri ve Ticaret AS's Interest Expense of ₺-124 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Vehicles & Parts company?
A good Interest Expense depends on the Vehicles & Parts industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Ege Endustri ve Ticaret AS and its competitors. Ege Endustri ve Ticaret AS's current Interest Expense is ₺-124 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ege Endustri ve Ticaret AS stock overvalued right now?
Ege Endustri ve Ticaret AS (IST:EGEEN) has a current Interest Expense of ₺-124 Mil. The current Interest Expense is ₺-124 Mil. Ege Endustri ve Ticaret AS's overall GF Score™ is 5/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Ege Endustri ve Ticaret AS (IST:EGEEN), the current Interest Expense is ₺-124 Mil as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ege Endustri ve Ticaret AS Business Description

Address Kemalpaya Street No: 280, Pinarbasi, Izmir, TUR, 35060
Ege Endustri ve Ticaret AS is a Turkey-based axle manufacturer for the automotive industry. The products of the company consist of Fabricated Axle Housing, Rear Axles, Tag Axles, Trailer Axles, Self-Steering Tag Axle and Independent Front Suspension System among others.
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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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