Ozak Gayrimenkul Yatirim Ortakligi (IST:OZKGY) Interest Expense : ₺-455 Mil (TTM As of Dec. 2023)

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What is Ozak Gayrimenkul Yatirim Ortakligi Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ozak Gayrimenkul Yatirim Ortakligi's interest expense for the three months ended in Dec. 2023 was ₺ -192 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₺-455 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. Ozak Gayrimenkul Yatirim Ortakligi's Operating Income for the three months ended in Dec. 2023 was ₺ 237 Mil. Ozak Gayrimenkul Yatirim Ortakligi's Interest Expense for the three months ended in Dec. 2023 was ₺ -192 Mil. Ozak Gayrimenkul Yatirim Ortakligi's Interest Coverage for the quarter that ended in Dec. 2023 was 1.23. 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.

Ozak Gayrimenkul Yatirim Ortakligi Interest Expense Historical Data

The historical data trend for Ozak Gayrimenkul Yatirim Ortakligi'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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Ozak Gayrimenkul Yatirim Ortakligi Interest Expense Chart

Ozak Gayrimenkul Yatirim Ortakligi Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-48.93

-65.76

-61.73

-366.94

-453.41

Ozak Gayrimenkul Yatirim Ortakligi 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															-252.71	-36.79	-56.45	-170.41	-191.81

Ozak Gayrimenkul Yatirim Ortakligi 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 ₺-455 Mil.

Ozak Gayrimenkul Yatirim Ortakligi (IST:OZKGY) 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.

Ozak Gayrimenkul Yatirim Ortakligi's Interest Expense for the three months ended in Dec. 2023 was ₺-192 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₺237 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₺1,241 Mil.

Ozak Gayrimenkul Yatirim Ortakligi'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	*	236.678	/	-191.811
	=	1.23

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

Ozak Gayrimenkul Yatirim Ortakligi (IST:OZKGY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ozak Gayrimenkul Yatirim Ortakligi (IST:OZKGY) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

Kazlicesme Mah. Kennedy Cad. No:52C, D:1 Zeytinburnu, Istanbul, TUR, 34020

Website

http://www.ozakgyo.com

Ozak Gayrimenkul Yatirim Ortakligi is a Turkey-based Real Estate Investment Trust. It maintains its land and project development studies in Housing, Commercial, Tourism, and Merchandise areas. Some of the projects of the company include Hayat Tepe Suites, Ozak Hayat Tepe, Bulvar216 and 34 Portall.

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