Turcas Petrol AS (IST:TRCAS) Interest Expense : ₺-55.96 Mil (TTM As of Mar. 2024)

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What is Turcas Petrol AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Turcas Petrol AS's interest expense for the three months ended in Mar. 2024 was ₺ -12.26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₺-55.96 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. Turcas Petrol AS's Operating Income for the three months ended in Mar. 2024 was ₺ 164.60 Mil. Turcas Petrol AS's Interest Expense for the three months ended in Mar. 2024 was ₺ -12.26 Mil. Turcas Petrol AS's Interest Coverage for the quarter that ended in Mar. 2024 was 13.43. 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.

Turcas Petrol AS Interest Expense Historical Data

The historical data trend for Turcas Petrol 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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Turcas Petrol AS Interest Expense Chart

Turcas Petrol AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-30.71

-32.67

-20.80

-31.61

-49.95

Turcas Petrol 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															-10.81	-11.10	-9.67	-22.92	-12.26

Turcas Petrol 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 ₺-55.96 Mil.

Turcas Petrol AS (IST:TRCAS) 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.

Turcas Petrol AS's Interest Expense for the three months ended in Mar. 2024 was ₺-12.26 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₺164.60 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₺98.76 Mil.

Turcas Petrol 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	*	164.596	/	-12.26
	=	13.43

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

Turcas Petrol AS (IST:TRCAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Turcas Petrol AS (IST:TRCAS) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Ahi Evran Street No: 6, Aksoy Plaza, 7th floor, Maslak, Istanbul, TUR, 34398

Website

https://www.turcas.com.tr

Turcas Petrol AS is an oil and energy focused investment company. It is engaged in fuel distribution and lubricants, conventional energy, and renewable energy fields in Turkey. The company is involved in the operation of Shell-branded fuel stations that offer fuel products and lubricants. The operating segments of the group are Oil, Electricity and Others. The products which are included in Oil segment are fuel products, lubricants and engine oil. The Electricity segment consists of power generation activity.

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