Tureks Turizm Tasimacilik AS (IST:TUREX) Interest Expense : ₺-81 Mil (TTM As of Dec. 2023)

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What is Tureks Turizm Tasimacilik AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tureks Turizm Tasimacilik AS's interest expense for the six months ended in Dec. 2023 was ₺ -81 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₺-81 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. Tureks Turizm Tasimacilik AS's Operating Income for the six months ended in Dec. 2023 was ₺ 572 Mil. Tureks Turizm Tasimacilik AS's Interest Expense for the six months ended in Dec. 2023 was ₺ -81 Mil. Tureks Turizm Tasimacilik AS's Interest Coverage for the quarter that ended in Dec. 2023 was 7.06. 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.

Tureks Turizm Tasimacilik AS Interest Expense Historical Data

The historical data trend for Tureks Turizm Tasimacilik 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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Tureks Turizm Tasimacilik AS Interest Expense Chart

Tureks Turizm Tasimacilik AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-21.21

-12.55

-12.25

-47.64

-80.99

Tureks Turizm Tasimacilik AS Semi-Annual Data
	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Interest Expense	Get a 7-Day Free Trial			-21.21	-12.55	-12.25	-47.64	-80.99

Tureks Turizm Tasimacilik AS Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₺-81 Mil.

Tureks Turizm Tasimacilik AS (IST:TUREX) 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.

Tureks Turizm Tasimacilik AS's Interest Expense for the six months ended in Dec. 2023 was ₺-81 Mil. Its Operating Income for the six months ended in Dec. 2023 was ₺572 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was ₺119 Mil.

Tureks Turizm Tasimacilik 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	*	571.578	/	-80.987
	=	7.06

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

Tureks Turizm Tasimacilik AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tureks Turizm Tasimacilik AS (IST:TUREX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zafer Mahallesi 139, Sokak No:1 Esenyurt, Istanbul, TUR

Website

https://www.turexturizm.com.tr

Tureks Turizm Tasimacilik AS offers transport services to the prominent public and private establishments of Turkey in the field of tourism, personnel, and student transportation with its professional management, expert driver staff, and strong technological infrastructure, on the basis of the principle of permanent development.

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