Meka Betonntralleri Imalatnayi ve Ticaret AS (IST:MEKAG) Interest Expense : ₺-11 Mil (TTM As of Dec. 2023)

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What is Meka Betonntralleri Imalatnayi ve Ticaret AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Meka Betonntralleri Imalatnayi ve Ticaret AS's interest expense for the three months ended in Dec. 2023 was ₺ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₺-11 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. Meka Betonntralleri Imalatnayi ve Ticaret AS's Operating Income for the three months ended in Dec. 2023 was ₺ 92 Mil. Meka Betonntralleri Imalatnayi ve Ticaret AS's Interest Expense for the three months ended in Dec. 2023 was ₺ -6 Mil. Meka Betonntralleri Imalatnayi ve Ticaret AS's Interest Coverage for the quarter that ended in Dec. 2023 was 16.03. 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.

Meka Betonntralleri Imalatnayi ve Ticaret AS Interest Expense Historical Data

The historical data trend for Meka Betonntralleri Imalatnayi 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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Meka Betonntralleri Imalatnayi ve Ticaret AS Interest Expense Chart

Meka Betonntralleri Imalatnayi ve Ticaret AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-3.44

-2.58

-7.57

-19.10

Meka Betonntralleri Imalatnayi ve Ticaret AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial			-1.10	-4.29	-	-5.46	-5.75

Meka Betonntralleri Imalatnayi 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺-11 Mil.

Meka Betonntralleri Imalatnayi ve Ticaret AS (IST:MEKAG) 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.

Meka Betonntralleri Imalatnayi ve Ticaret AS's Interest Expense for the three months ended in Dec. 2023 was ₺-6 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₺92 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₺17 Mil.

Meka Betonntralleri Imalatnayi ve Ticaret AS'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	*	92.18	/	-5.749
	=	16.03

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

Meka Betonntralleri Imalatnayi ve Ticaret AS (IST:MEKAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Meka Beton Santralleri Imalat Sanayi ve Ticaret AS (IST:MEKAG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ismet Inonu Blv No. 12, Malikoy Baskent Osb, Ankara, TUR, 06909

Website

https://www.mekaglobal.com/tr

Meka Beton Santralleri Imalat Sanayi ve Ticaret AS is a company engaged in the Production of Concrete Plants and Equipment for Ready-Mixed Concrete Production, Construction and Precast Industries. It has ability and experience to design and produce plants and equipment for every capacity and production type in the production of concrete plants and equipment. MEKA produces crushing, screening and washing equipment for aggregate production, mining and recycling industries.

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