Manas Enerji Yonetiminayi ve Ticaret AS (IST:MANAS) Interest Expense : ₺-114.6 Mil (TTM As of Sep. 2024)

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What is Manas Enerji Yonetiminayi ve Ticaret AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Manas Enerji Yonetiminayi ve Ticaret AS's interest expense for the three months ended in Sep. 2024 was ₺ -38.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₺-114.6 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. Manas Enerji Yonetiminayi ve Ticaret AS's Operating Income for the three months ended in Sep. 2024 was ₺ 0.2 Mil. Manas Enerji Yonetiminayi ve Ticaret AS's Interest Expense for the three months ended in Sep. 2024 was ₺ -38.0 Mil. Manas Enerji Yonetiminayi ve Ticaret 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.

Manas Enerji Yonetiminayi ve Ticaret AS Interest Expense Historical Data

The historical data trend for Manas Enerji Yonetiminayi 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.

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Manas Enerji Yonetiminayi ve Ticaret AS Interest Expense Chart

Manas Enerji Yonetiminayi ve Ticaret AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-5.86

-5.27

-7.49

-17.64

-47.56

Manas Enerji Yonetiminayi ve Ticaret AS Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial														-14.92	-11.02	-28.86	-36.75	-37.96

Manas Enerji Yonetiminayi 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺-114.6 Mil.

Manas Enerji Yonetiminayi ve Ticaret AS (IST:MANAS) 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.

Manas Enerji Yonetiminayi ve Ticaret AS's Interest Expense for the three months ended in Sep. 2024 was ₺-38.0 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₺0.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₺37.3 Mil.

Manas Enerji Yonetiminayi ve Ticaret AS's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	0.164	/	-37.959
	=	0.00

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Manas Enerji Yonetimi Sanayi ve Ticaret ASs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Manas Enerji Yonetiminayi ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Manas Enerji Yonetimi Sanayi ve Ticaret AS (IST:MANAS) » Definitions » Interest Expense

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Address

A.S.O. 1. Organize Sanayi Bolgesi, Anadolu Caddesi No: 25, Sincan, Ankara, TUR, 06935

Website

https://www.manas.com.tr

Manas Enerji Yonetimi Sanayi ve Ticaret AS is engaged in the business of smart metering systems and solutions. Its products are into electro-controlled gas, water, heat and electricity meters also AMR, M2M, AMI AND, meter remote control system solutions.

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