Good Year Lastikleri TAS (IST:GOODY) Interest Expense : ₺-1,105 Mil (TTM As of Mar. 2024)

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What is Good Year Lastikleri TAS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Good Year Lastikleri TAS's interest expense for the three months ended in Mar. 2024 was ₺ -365 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₺-1,105 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. Good Year Lastikleri TAS's Operating Income for the three months ended in Mar. 2024 was ₺ 157 Mil. Good Year Lastikleri TAS's Interest Expense for the three months ended in Mar. 2024 was ₺ -365 Mil. Good Year Lastikleri TAS's Interest Coverage for the quarter that ended in Mar. 2024 was 0.43. 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.

Good Year Lastikleri TAS Interest Expense Historical Data

The historical data trend for Good Year Lastikleri TAS'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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Good Year Lastikleri TAS Interest Expense Chart

Good Year Lastikleri TAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-168.28

-43.42

-84.42

-687.39

-899.73

Good Year Lastikleri TAS 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															-265.57	-168.70	-287.09	-284.37	-364.69

Good Year Lastikleri TAS 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 ₺-1,105 Mil.

Good Year Lastikleri TAS (IST:GOODY) 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.

Good Year Lastikleri TAS's Interest Expense for the three months ended in Mar. 2024 was ₺-365 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₺157 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₺28 Mil.

Good Year Lastikleri TAS'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	*	157.469	/	-364.691
	=	0.43

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

Good Year Lastikleri TAS (IST:GOODY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Good Year Lastikleri TAS (IST:GOODY) » Definitions » Interest Expense

Comparable Companies

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N/A

Address

Büyükdere Street, Maslak Square, Maslak Business Center No: 37 Floor: 3 -4, Maslak, Istanbul, TUR

Website

http://eu.goodyear.com

Good Year Lastikleri TAS is a Turkey-based company engaged in the production and distribution of tires and other rubber products. Its products include summer, winter, and four-season tires for all types of vehicles that are used in cars, pickup trucks, vans, trucks, and buses. It also offers outer tires of radial and conventional heavy equipment; and various inner tubes and flaps. Geographically, the company caters its services in domestic and foreign markets.

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