Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) Interest Expense : ₺-0.2 Mil (TTM As of Mar. 2024)

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What is Hitit Bilgisayar Hizmetleri AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hitit Bilgisayar Hizmetleri AS's interest expense for the three months ended in Mar. 2024 was ₺ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₺-0.2 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. Hitit Bilgisayar Hizmetleri AS's Operating Income for the three months ended in Mar. 2024 was ₺ 35.0 Mil. Hitit Bilgisayar Hizmetleri AS's Interest Expense for the three months ended in Mar. 2024 was ₺ -0.1 Mil. Hitit Bilgisayar Hizmetleri AS's Interest Coverage for the quarter that ended in Mar. 2024 was 330.64. 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.

Hitit Bilgisayar Hizmetleri AS Interest Expense Historical Data

The historical data trend for Hitit Bilgisayar Hizmetleri 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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Hitit Bilgisayar Hizmetleri AS Interest Expense Chart

Hitit Bilgisayar Hizmetleri AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.59

-0.16

-0.43

-0.61

-0.23

Hitit Bilgisayar Hizmetleri AS Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial												-0.11	-0.08	-0.03	-0.02	-0.11

Hitit Bilgisayar Hizmetleri 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺-0.2 Mil.

Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) 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.

Hitit Bilgisayar Hizmetleri AS's Interest Expense for the three months ended in Mar. 2024 was ₺-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₺35.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₺0.0 Mil.

Hitit Bilgisayar Hizmetleri AS's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	35.048	/	-0.106
	=	330.64

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Hitit Bilgisayar Hizmetleri AS has enough cash to cover all of its debt. Its financial situation is stable.

Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) » Definitions » Interest Expense

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Address

Resitpasa Mah. Katar Cad. No: 4/1 Ari, Teknokent 2 Ic Kapi No: 601 34469, Maslak, Istanbul, TUR

Website

https://www.hitit.com

Hitit Bilgisayar Hizmetleri AS is a provider of airline IT solutions intended to meet the needs of industry players in the travel industry. The company's solutions offer a comprehensive suite that covers the entire operational life-circle, web-based airline reservations and ticketing systems, schedule and crew planning through core passenger service and ground-handling needs, industrial-standard accounting, reporting tools, as well as complementing solutions such as loyalty, customer management, multiple sales and distribution channels.

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