Turk Hava Yollari AO (Turk Hava Yollari AO) Interest Expense : $-515 Mil (TTM As of Dec. 2023)

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What is Turk Hava Yollari AO Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Turk Hava Yollari AO's interest expense for the three months ended in Dec. 2023 was $ -69 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-515 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. Turk Hava Yollari AO's Operating Income for the three months ended in Dec. 2023 was $ 351 Mil. Turk Hava Yollari AO's Interest Expense for the three months ended in Dec. 2023 was $ -69 Mil. Turk Hava Yollari AO's Interest Coverage for the quarter that ended in Dec. 2023 was 5.06. 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.

Turk Hava Yollari AO Interest Expense Historical Data

The historical data trend for Turk Hava Yollari AO'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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Turk Hava Yollari AO Interest Expense Chart

Turk Hava Yollari AO Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-270.34

-294.42

-245.84

-365.49

-477.58

Turk Hava Yollari AO Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-61.94	-127.24	-155.00	-162.78	-69.48

Turk Hava Yollari AO 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 $-515 Mil.

Turk Hava Yollari AO (OTCPK:TKHVY) 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.

Turk Hava Yollari AO's Interest Expense for the three months ended in Dec. 2023 was $-69 Mil. Its Operating Income for the three months ended in Dec. 2023 was $351 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $10,673 Mil.

Turk Hava Yollari AO'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	*	351.326	/	-69.483
	=	5.06

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

Turk Hava Yollari AO (Turk Hava Yollari AO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Turk Hava Yollari AO (OTCPK:TKHVY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

THYAO:Turkey TU5A:Germany

Address

Havaalani Cad. No: 3/1, Genel Yonetim Binasi, 9th Floor, Yesilkoy, Bakirkoy, Istanbul, TUR, 34149

Website

https://www.turkishairlines.com

Turk Hava Yollari AO is a Turkish airline operator. It has one of the largest flight networks in the world, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights, and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa, and Middle East.