Izmir Demir Celiknayi AS (IST:IZMDC) Interest Expense : ₺-2,676 Mil (TTM As of Mar. 2024)

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What is Izmir Demir Celiknayi AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Izmir Demir Celiknayi AS's interest expense for the three months ended in Mar. 2024 was ₺ -1,584 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₺-2,676 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. Izmir Demir Celiknayi AS's Operating Income for the three months ended in Mar. 2024 was ₺ -262 Mil. Izmir Demir Celiknayi AS's Interest Expense for the three months ended in Mar. 2024 was ₺ -1,584 Mil. Izmir Demir Celiknayi 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.

Izmir Demir Celiknayi AS Interest Expense Historical Data

The historical data trend for Izmir Demir Celiknayi 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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Izmir Demir Celiknayi AS Interest Expense Chart

Izmir Demir Celiknayi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-155.38

-185.34

-189.69

-851.36

-1,234.82

Izmir Demir Celiknayi AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-608.47	-198.64	-248.28	-645.85	-1,583.63

Izmir Demir Celiknayi 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 ₺-2,676 Mil.

Izmir Demir Celiknayi AS (IST:IZMDC) 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.

Izmir Demir Celiknayi AS's Interest Expense for the three months ended in Mar. 2024 was ₺-1,584 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₺-262 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₺2,766 Mil.

Izmir Demir Celiknayi AS's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Izmir Demir Celiknayi AS did not have earnings to cover the interest expense.

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

Izmir Demir Celiknayi AS (IST:IZMDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Izmir Demir Celik Sanayi AS (IST:IZMDC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

?air E?ref Bulvar? No. 23, Çankaya, Izmir, TUR, 35210

Website

http://www.izdemir.com.tr

Izmir Demir Celik Sanayi AS is a steel producer based in Turkey. The company produces steel products which include iron blocks, iron rods, and iron beams for various application and sells it to the Turkish and international markets. The production is carried out at the Foca plant in Aliaga. The firm also engages in making investments in power plant and maritime business, owning three ships totally through its subsidiaries.

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