Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) Interest Expense : ₺-953 Mil (TTM As of Dec. 2023)

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What is Torunlar Gayrimenkul Yatirim Ortakligi AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Torunlar Gayrimenkul Yatirim Ortakligi AS's interest expense for the three months ended in Dec. 2023 was ₺ -576 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₺-953 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. Torunlar Gayrimenkul Yatirim Ortakligi AS's Operating Income for the three months ended in Dec. 2023 was ₺ 1,358 Mil. Torunlar Gayrimenkul Yatirim Ortakligi AS's Interest Expense for the three months ended in Dec. 2023 was ₺ -576 Mil. Torunlar Gayrimenkul Yatirim Ortakligi AS's Interest Coverage for the quarter that ended in Dec. 2023 was 2.36. 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.

Torunlar Gayrimenkul Yatirim Ortakligi AS Interest Expense Historical Data

The historical data trend for Torunlar Gayrimenkul Yatirim Ortakligi 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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Torunlar Gayrimenkul Yatirim Ortakligi AS Interest Expense Chart

Torunlar Gayrimenkul Yatirim Ortakligi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-481.57

-531.01

-561.14

-1,101.25

-1,075.10

Torunlar Gayrimenkul Yatirim Ortakligi AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-117.37	-690.86	-143.15	-233.98	-576.06

Torunlar Gayrimenkul Yatirim Ortakligi 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 ₺-953 Mil.

Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) 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.

Torunlar Gayrimenkul Yatirim Ortakligi AS's Interest Expense for the three months ended in Dec. 2023 was ₺-576 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₺1,358 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₺1,984 Mil.

Torunlar Gayrimenkul Yatirim Ortakligi 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	*	1358.157	/	-576.06
	=	2.36

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

Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) » Definitions » Interest Expense

Comparable Companies

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Address

Rüzgarl?bahçe Neighborhood Özalp Exit No: 4, Beykoz, Istanbul, TUR, 34805

Website

http://www.torunlargyo.com.tr

Torunlar Gayrimenkul Yatirim Ortakligi AS is engaged in developing and constructing large, comprehensive, and best-in-class shopping malls in most of the cities in Turkey, and asset management. Torunlar's activities include all stages of project development and management including sourcing, land acquisition, project finance, obtaining permissions, project design, construction audits, and inspections, in addition to sales and marketing. The company generates most of its revenues from the rental income and from the sale of residential and commercial properties.

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