MNGA (MNG Havayollari ve Tasimacilik AS) Interest Expense: $-1.03 Mil (TTM As of Dec. 2022)

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What is MNG Havayollari ve Tasimacilik AS Interest Expense?

MNG Havayollari ve Tasimacilik AS MNGA Interest Expense is $-1.03 Mil as of Dec. 2022.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MNG Havayollari ve Tasimacilik AS's interest expense for the three months ended in Dec. 2022 was $ -1.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2022 was $-1.03 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. MNG Havayollari ve Tasimacilik AS's Operating Income for the three months ended in Dec. 2022 was $ 22.74 Mil. MNG Havayollari ve Tasimacilik AS's Interest Expense for the three months ended in Dec. 2022 was $ -1.03 Mil. MNG Havayollari ve Tasimacilik AS's Interest Coverage for the quarter that ended in Dec. 2022 was 22.08. 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.

MNG Havayollari ve Tasimacilik AS  (NYSE:MNGA) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

MNG Havayollari ve Tasimacilik AS's Interest Expense for the three months ended in Dec. 2022 was $-1.03 Mil. Its Operating Income for the three months ended in Dec. 2022 was $22.74 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2022 was $54.49 Mil.

MNG Havayollari ve Tasimacilik AS's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2022 )/Interest Expense (Q: Dec. 2022 )
=-1*22.743/-1.03
=22.08

* 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.

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

MNG Havayollari ve Tasimacilik AS Interest Expense Historical Data

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The historical data trend for MNG Havayollari ve 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.

MNG Havayollari ve Tasimacilik AS Interest Expense Chart

MNG Havayollari ve Tasimacilik AS Annual Data
Trend Dec20 Dec21 Dec22
Interest Expense
-2.99 -4.55 -4.42

MNG Havayollari ve Tasimacilik AS Quarterly Data
Dec20 Dec21 Sep22 Dec22
Interest Expense 0.00 -1.06 0.00 -1.03

MNG Havayollari ve Tasimacilik 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.03 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-1.03 Mil mean?
MNG Havayollari ve Tasimacilik AS (MNGA) has a Interest Expense of $-1.03 Mil as of Dec. 2022. Interest Expense is the amount a company pays on its long-term debt. View historical data on MNG Havayollari ve Tasimacilik AS and its competitors.
Is MNG Havayollari ve Tasimacilik AS's Interest Expense too high?
MNG Havayollari ve Tasimacilik AS's current Interest Expense is $-1.03 Mil.
How does MNG Havayollari ve Tasimacilik AS's Interest Expense compare to ?
MNG Havayollari ve Tasimacilik AS's Interest Expense of $-1.03 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Transportation company?
A good Interest Expense depends on the Transportation industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on MNG Havayollari ve Tasimacilik AS and its competitors. MNG Havayollari ve Tasimacilik AS's current Interest Expense is $-1.03 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MNG Havayollari ve Tasimacilik AS stock overvalued right now?
MNG Havayollari ve Tasimacilik AS (MNGA) has a current Interest Expense of $-1.03 Mil. The current Interest Expense is $-1.03 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For MNG Havayollari ve Tasimacilik AS (MNGA), the current Interest Expense is $-1.03 Mil as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

MNG Havayollari ve Tasimacilik AS Business Description

Comparable Companies
Address WOW Convention Center ?DTM, Yesilkoy/Bakirkoy, Istanbul, TUR, 34149
MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.