Cates Elektrik Uretim AS (IST:CATES) Interest Expense : ₺-443 Mil (TTM As of Sep. 2023)

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What is Cates Elektrik Uretim AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cates Elektrik Uretim AS's interest expense for the three months ended in Sep. 2023 was ₺ -217 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₺-443 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. Cates Elektrik Uretim AS's Operating Income for the three months ended in Sep. 2023 was ₺ 441 Mil. Cates Elektrik Uretim AS's Interest Expense for the three months ended in Sep. 2023 was ₺ -217 Mil. Cates Elektrik Uretim AS's Interest Coverage for the quarter that ended in Sep. 2023 was 2.03. 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.

Cates Elektrik Uretim AS Interest Expense Historical Data

The historical data trend for Cates Elektrik Uretim 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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Cates Elektrik Uretim AS Interest Expense Chart

Cates Elektrik Uretim AS Annual Data

Trend

Dec20

Dec21

Dec22

Interest Expense

-358.00

-239.00

-428.00

Cates Elektrik Uretim AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial			-	-201.75	-226.25	-	-216.58

Cates Elektrik Uretim 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺-443 Mil.

Cates Elektrik Uretim AS (IST:CATES) 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.

Cates Elektrik Uretim AS's Interest Expense for the three months ended in Sep. 2023 was ₺-217 Mil. Its Operating Income for the three months ended in Sep. 2023 was ₺441 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was ₺164 Mil.

Cates Elektrik Uretim AS's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	440.54	/	-216.577
	=	2.03

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

Cates Elektrik Uretim AS (IST:CATES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Cates Elektrik Uretim AS (IST:CATES) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sahinler Mahallesi, Sahinler Cluster Houses, Yatagan Thermal Power Plant Site No: 259/1, Mugla, TUR

Website

https://www.cates.com.tr

Cates Elektrik Uretim AS is a company whose main activity is to produce electrical energy and sell the produced electrical energy. It also operates the coal-based Power Plant located in the Catalagzi town of Zonguldak.

Cates Elektrik Uretim AS (IST:CATES) Headlines

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