Polisan Holding AS (IST:POLHO) Interest Expense : ₺-166 Mil (TTM As of Mar. 2024)

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What is Polisan Holding AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Polisan Holding AS's interest expense for the three months ended in Mar. 2024 was ₺ -32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₺-166 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. Polisan Holding AS's Operating Income for the three months ended in Mar. 2024 was ₺ 113 Mil. Polisan Holding AS's Interest Expense for the three months ended in Mar. 2024 was ₺ -32 Mil. Polisan Holding AS's Interest Coverage for the quarter that ended in Mar. 2024 was 3.49. 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.

Polisan Holding AS Interest Expense Historical Data

The historical data trend for Polisan Holding 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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Polisan Holding AS Interest Expense Chart

Polisan Holding AS Annual Data

Trend

Dec14

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Dec16

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Dec23

Interest Expense

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-29.85

-29.09

-29.90

-167.00

-122.09

Polisan Holding 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															-36.49	-56.14	-28.03	-49.19	-32.40

Polisan Holding 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 ₺-166 Mil.

Polisan Holding AS (IST:POLHO) 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.

Polisan Holding AS's Interest Expense for the three months ended in Mar. 2024 was ₺-32 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₺113 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₺304 Mil.

Polisan Holding 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	*	113.17	/	-32.402
	=	3.49

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

Polisan Holding AS (IST:POLHO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Polisan Holding AS (IST:POLHO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dilovasi Organize Sanayi Bolgesi 1, Kisim Liman Caddesi No: 7, Kocaeli, Dilovasi, TUR

Website

https://www.polisanholding.com

Polisan Holding AS engages in the manufacture and distribution of decorative paints, chemicals, textile goods, and rendering port and storage services. It operates through the following segments: Chemical Products, Port, Services, and Real estate. Majority of the firm's revenue gets derived from Chemical Products segment. The company offers paints, varnishes, resins, and other surface coating and insulation materials; formaldehyde, formaldehyde resins, and construction chemicals, as well as polyethylene terephthalate granules and synthetic fibers; emulsion polymers used in paint, wood, textiles, carpeting, and glue industries.

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