Mega Metalnayi ve Ticaret AS (IST:MEGMT) Interest Expense : ₺-443 Mil (TTM As of Sep. 2024)

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What is Mega Metalnayi ve Ticaret AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mega Metalnayi ve Ticaret AS's interest expense for the three months ended in Sep. 2024 was ₺ -115 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₺-443 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. Mega Metalnayi ve Ticaret AS's Operating Income for the three months ended in Sep. 2024 was ₺ 154 Mil. Mega Metalnayi ve Ticaret AS's Interest Expense for the three months ended in Sep. 2024 was ₺ -115 Mil. Mega Metalnayi ve Ticaret AS's Interest Coverage for the quarter that ended in Sep. 2024 was 1.34. 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.

Mega Metalnayi ve Ticaret AS Interest Expense Historical Data

The historical data trend for Mega Metalnayi 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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Mega Metalnayi ve Ticaret AS Interest Expense Chart

Mega Metalnayi ve Ticaret AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-14.78

-54.21

-155.78

-331.38

Mega Metalnayi ve Ticaret AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial							-128.48	-107.77	-102.31	-118.16	-115.24

Mega Metalnayi 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 ₺-443 Mil.

Mega Metalnayi ve Ticaret AS (IST:MEGMT) 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.

Mega Metalnayi ve Ticaret AS's Interest Expense for the three months ended in Sep. 2024 was ₺-115 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₺154 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₺515 Mil.

Mega Metalnayi 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	*	154.126	/	-115.241
	=	1.34

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

Mega Metalnayi ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mega Metal Sanayi ve Ticaret AS (IST:MEGMT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kayseri OSB District 12, Cadde No: 61, Kayseri, TUR

Website

https://www.megametal.com.tr

Mega Metal Sanayi ve Ticaret AS is a company produces electrolytic copper wire with conductive properties for low current in its production facilities located in Kayseri OSB with an annual melting capacity of forty eight thousand tons. The copper wire that makes up the products produced by Mega Metal is in the form of oxygen-free electrolytic copper wire with low current sectors. The products produced by the company are produced as bare or tin alloyed. The product range is generally bare or tinned which consists of Mono Wire, Multi-Wire Products, Stranded Wires and Coil Wires. The products it produces are used in various sectors such as electrical, electronics, communications, energy, defense and automotive industries.

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