Grainturk Tarim (IST:GRTRK) Interest Expense : ₺-68 Mil (TTM As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Grainturk Tarim Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grainturk Tarim's interest expense for the three months ended in Dec. 2023 was ₺ -60 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₺-68 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. Grainturk Tarim's Operating Income for the three months ended in Dec. 2023 was ₺ 227 Mil. Grainturk Tarim's Interest Expense for the three months ended in Dec. 2023 was ₺ -60 Mil. Grainturk Tarim's Interest Coverage for the quarter that ended in Dec. 2023 was 3.80. 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.

Grainturk Tarim Interest Expense Historical Data

The historical data trend for Grainturk Tarim'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.

* Premium members only.

Grainturk Tarim Interest Expense Chart

Grainturk Tarim Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-1.66

-8.87

-42.00

-68.05

Grainturk Tarim Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial					-27.42	-5.34	-2.94	-0.22	-59.66

Grainturk Tarim 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 ₺-68 Mil.

Grainturk Tarim (IST:GRTRK) 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.

Grainturk Tarim's Interest Expense for the three months ended in Dec. 2023 was ₺-60 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₺227 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₺104 Mil.

Grainturk Tarim'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	*	226.552	/	-59.663
	=	3.80

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

Grainturk Tarim (IST:GRTRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grainturk Tarim (IST:GRTRK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Levent Caddesi Krizantem Sokak No: 15, Levent, Istanbul, TUR, 34330

Website

https://www.grainturk.com

Grainturk Tarim is mainly engaged in the purchase and sale of agricultural products, mainly wheat, corn, barley, sunflower seeds, soybean, and cotton. through its subsidiaries firm also provides services for the storage of the said products within the scope of licensed warehousing.

Grainturk Tarim (IST:GRTRK) Headlines

No Headlines