Kerevitas Gidanayi Ve Ticaret AS (IST:KERVT) Interest Expense : ₺-1,069 Mil (TTM As of Dec. 2023)

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What is Kerevitas Gidanayi Ve Ticaret AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kerevitas Gidanayi Ve Ticaret AS's interest expense for the three months ended in Dec. 2023 was ₺ -546 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₺-1,069 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. Kerevitas Gidanayi Ve Ticaret AS's Operating Income for the three months ended in Dec. 2023 was ₺ 497 Mil. Kerevitas Gidanayi Ve Ticaret AS's Interest Expense for the three months ended in Dec. 2023 was ₺ -546 Mil. Kerevitas Gidanayi Ve Ticaret AS's Interest Coverage for the quarter that ended in Dec. 2023 was 0.91. 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.

Kerevitas Gidanayi Ve Ticaret AS Interest Expense Historical Data

The historical data trend for Kerevitas Gidanayi 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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Kerevitas Gidanayi Ve Ticaret AS Interest Expense Chart

Kerevitas Gidanayi Ve Ticaret AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-148.17

-94.05

-218.56

-689.69

-1,055.75

Kerevitas Gidanayi Ve Ticaret AS 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															-502.55	-158.20	-214.90	-149.96	-546.19

Kerevitas Gidanayi 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 ₺-1,069 Mil.

Kerevitas Gidanayi Ve Ticaret AS (IST:KERVT) 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.

Kerevitas Gidanayi Ve Ticaret AS's Interest Expense for the three months ended in Dec. 2023 was ₺-546 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₺497 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₺472 Mil.

Kerevitas Gidanayi 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	*	497.411	/	-546.189
	=	0.91

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

Kerevitas Gidanayi Ve Ticaret AS (IST:KERVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kerevitas Gida Sanayi Ve Ticaret AS (IST:KERVT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kisikli Mahallesi Yenisen Sokak Yildiz Holding, B Blok Apt. No: 8 B/1, Uskudar, Istanbul, TUR

Website

http://www.kerevitas.com.tr

Kerevitas Gida Sanayi Ve Ticaret AS is a Turkey-based company involved in retail and export processed and packaged food products. It offers various products comprising Cheese Puff Pastry, Cheese and Honey Pastry Pie, Feta Cheese Rolls, Millefeuille, Mini Pide With Cheese and Mini Rolls with Cheese among others. The company's operating segment include Frozen and Canned and Edible Oil. It generates maximum revenue from the Edible Oil segment. The company exports its product to Africa; Asia; Europe; South America; North America and Oceania.

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