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Coca Cola Icecek AS (IST:CCOLA) Interest Expense : ₺-5,760 Mil (TTM As of Mar. 2024)


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What is Coca Cola Icecek AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Coca Cola Icecek AS's interest expense for the three months ended in Mar. 2024 was ₺ -1,853 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₺-5,760 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. Coca Cola Icecek AS's Operating Income for the three months ended in Mar. 2024 was ₺ 3,117 Mil. Coca Cola Icecek AS's Interest Expense for the three months ended in Mar. 2024 was ₺ -1,853 Mil. Coca Cola Icecek AS's Interest Coverage for the quarter that ended in Mar. 2024 was 1.68. 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.

Coca Cola Icecek AS Interest Expense Historical Data

The historical data trend for Coca Cola Icecek 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.

* Premium members only.

Coca Cola Icecek AS Interest Expense Chart

Coca Cola Icecek AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -317.30 -371.36 -549.43 -3,154.53 -4,427.36

Coca Cola Icecek 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -890.93 -866.41 -964.76 -2,075.79 -1,853.07

Coca Cola Icecek 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 ₺-5,760 Mil.

* 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.

Coca Cola Icecek AS  (IST:CCOLA) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Coca Cola Icecek AS's Interest Expense for the three months ended in Mar. 2024 was ₺-1,853 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₺3,117 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₺20,398 Mil.

Coca Cola Icecek 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*3116.64/-1853.071
=1.68

* 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.

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

Coca Cola Icecek AS (IST:CCOLA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca Cola Icecek AS (IST:CCOLA) » Definitions » Interest Expense
Comparable Companies
IST:KRSTL IST:PINSU KO PEP HKSE:09633 MNST KDP LSE:CCEP COCSF AC NSE:VBL CELH LSE:CCH TSE:2267 COKE SHSE:603156 FIZZ TSE:2593 HKSE:00220 LSE:BVIC
Traded in Other Exchanges
COLZF:USA
Address
OSB Mahallesi Deniz Feneri Sokak, No: 4 Dudullu - Umraniye, Istanbul, TUR, 34776
Website
https://www.cci.com.tr
Coca Cola Icecek AS is the exclusive bottler and distributor of Coca-Cola-branded sparkling and still beverages in Turkey, Pakistan, Central Asia, and the Middle East. Coca-Cola's brands include Coca-Cola, Fanta, Sprite, Cappy, Powerade, and Fuse. The company also has the exclusive right to distribute the Schweppes brand in Turkey. The company's revenue is split roughly evenly between sales in Turkey and sales outside of Turkey. The controlling shareholder of the company is Anadolu Efes Biracilik ve Malt Sanayi.

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