Girisim Elektriknayi Taahhut Ve Ticaret AS (IST:GESAN) Interest Expense : ₺-735 Mil (TTM As of Dec. 2023)

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What is Girisim Elektriknayi Taahhut Ve Ticaret AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Girisim Elektriknayi Taahhut Ve Ticaret AS's interest expense for the three months ended in Dec. 2023 was ₺ -216 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₺-735 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. Girisim Elektriknayi Taahhut Ve Ticaret AS's Operating Income for the three months ended in Dec. 2023 was ₺ 1,794 Mil. Girisim Elektriknayi Taahhut Ve Ticaret AS's Interest Expense for the three months ended in Dec. 2023 was ₺ -216 Mil. Girisim Elektriknayi Taahhut Ve Ticaret AS's Interest Coverage for the quarter that ended in Dec. 2023 was 8.31. 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.

Girisim Elektriknayi Taahhut Ve Ticaret AS Interest Expense Historical Data

The historical data trend for Girisim Elektriknayi Taahhut Ve Ticaret 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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Girisim Elektriknayi Taahhut Ve Ticaret AS Interest Expense Chart

Girisim Elektriknayi Taahhut Ve Ticaret AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.77

-3.41

-25.56

-212.41

-359.97

Girisim Elektriknayi Taahhut Ve Ticaret AS Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial											-172.28	-63.95	-251.34	-203.69	-215.91

Girisim Elektriknayi Taahhut Ve Ticaret 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺-735 Mil.

Girisim Elektriknayi Taahhut Ve Ticaret AS (IST:GESAN) 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.

Girisim Elektriknayi Taahhut Ve Ticaret AS's Interest Expense for the three months ended in Dec. 2023 was ₺-216 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₺1,794 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₺465 Mil.

Girisim Elektriknayi Taahhut Ve Ticaret AS'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	*	1793.653	/	-215.91
	=	8.31

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

Girisim Elektriknayi Taahhut Ve Ticaret AS (IST:GESAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Girisim Elektrik Sanayi Taahhut Ve Ticaret AS (IST:GESAN) » Definitions » Interest Expense

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Address

Saray Mah. Atom Cad. No:15, Kahramankazan, Ankara, TUR

Website

https://www.girisimelk.com.tr

Girisim Elektrik Sanayi Taahhut Ve Ticaret AS is an EPC contracting, engineering, sales, and marketing company in the Turkish and regional electricity and energy industry.

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