TAV Havalimanlari Holding AS (TAV Havalimanlari Holding AS) Interest Expense : $-180 Mil (TTM As of Mar. 2024)

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What is TAV Havalimanlari Holding AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TAV Havalimanlari Holding AS's interest expense for the three months ended in Mar. 2024 was $ -49 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-180 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. TAV Havalimanlari Holding AS's Operating Income for the three months ended in Mar. 2024 was $ 61 Mil. TAV Havalimanlari Holding AS's Interest Expense for the three months ended in Mar. 2024 was $ -49 Mil. TAV Havalimanlari Holding AS's Interest Coverage for the quarter that ended in Mar. 2024 was 1.23. 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.

TAV Havalimanlari Holding AS Interest Expense Historical Data

The historical data trend for TAV Havalimanlari Holding 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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TAV Havalimanlari Holding AS Interest Expense Chart

TAV Havalimanlari Holding AS Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-115.72

-124.48

-140.81

-133.65

-174.75

TAV Havalimanlari Holding 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															-42.32	-44.00	-46.89	-39.44	-49.19

TAV Havalimanlari Holding 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 $-180 Mil.

TAV Havalimanlari Holding AS (OTCPK:TAVHY) 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.

TAV Havalimanlari Holding AS's Interest Expense for the three months ended in Mar. 2024 was $-49 Mil. Its Operating Income for the three months ended in Mar. 2024 was $61 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,907 Mil.

TAV Havalimanlari Holding 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	*	60.538	/	-49.188
	=	1.23

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. TAV Havalimanlari Holding AS interest coverage is 1.71, which is low.

TAV Havalimanlari Holding AS (TAV Havalimanlari Holding AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » TAV Havalimanlari Holding AS (OTCPK:TAVHY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TAVHF:USA TAVHL:Turkey 5THA:Germany 5THA:Germany

Address

Ayazaga Mahallesi, Azerbaycan Caddesi, 2C Blok No:3L/6, Vadistanbul Bulvar, Sariyer, Istanbul, TUR, 34485

Website

https://www.tavhavalimanlari.com.tr

TAV Havalimanlari Holding AS constructs, manages and operates terminal buildings and airports. The company organises itself into five segments: Terminal operations, Catering operations, Duty free operations, Ground handling and bus operations, and Other operations. Terminal operations, which contribute approximately half the company's revenue and the majority of profit, operates terminal buildings and car parks. Ground handling and bus operations and duty free operations are the next most significant segments. The company is headquartered in Turkey and derives the majority of revenue domestically.