Tofas Turk Otomobil Fabrikasi AS (Tofas Turk Otomobil Fabrikasi AS) Interest Expense : $-88 Mil (TTM As of Mar. 2024)

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What is Tofas Turk Otomobil Fabrikasi AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tofas Turk Otomobil Fabrikasi AS's interest expense for the three months ended in Mar. 2024 was $ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-88 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. Tofas Turk Otomobil Fabrikasi AS's Operating Income for the three months ended in Mar. 2024 was $ 114 Mil. Tofas Turk Otomobil Fabrikasi AS's Interest Expense for the three months ended in Mar. 2024 was $ -1 Mil. Tofas Turk Otomobil Fabrikasi AS's Interest Coverage for the quarter that ended in Mar. 2024 was 205.34. 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.

Tofas Turk Otomobil Fabrikasi AS Interest Expense Historical Data

The historical data trend for Tofas Turk Otomobil Fabrikasi 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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Tofas Turk Otomobil Fabrikasi AS Interest Expense Chart

Tofas Turk Otomobil Fabrikasi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-13.05

-30.46

-46.92

-294.63

-110.13

Tofas Turk Otomobil Fabrikasi 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															-1.47	-27.42	-15.43	-44.22	-0.56

Tofas Turk Otomobil Fabrikasi 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 $-88 Mil.

Tofas Turk Otomobil Fabrikasi AS (GREY:TTOFF) 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.

Tofas Turk Otomobil Fabrikasi AS's Interest Expense for the three months ended in Mar. 2024 was $-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was $114 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $235 Mil.

Tofas Turk Otomobil Fabrikasi 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	*	113.963	/	-0.555
	=	205.34

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

Tofas Turk Otomobil Fabrikasi AS (Tofas Turk Otomobil Fabrikasi AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tofas Turk Otomobil Fabrikasi AS (GREY:TTOFF) » Definitions » Interest Expense

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Traded in Other Exchanges

TOASO:Turkey

Address

Buyukdere Cad. No: 145 Tofas Han, Zincirlikuyu, Istanbul, TUR, 34394

Website

https://www.tofas.com.tr

Tofas Turk Otomobil Fabrikasi AS is a Turkish automotive manufacturer of both passenger cars and light commercial vehicles. Its core business s manufacturing, exporting and selling passenger cars and light commercial vehicles under licenses of Fiat Chrysler Automobiles S.p.A. (Fiat). The company manufactures for a range of passenger cars i.e. Fiat Linea, Egea models, and others. Tofas also acts as a distributor of the Fiat, Alfa Romeo, Jeep, Lancia, Maserati, and Ferrari brands in Turkey. It also produces various automotive spare parts used in its automobiles. The company has three business divisions namely Automobile, Trading of spare parts, and Consumer finance.

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