The AES (The AES) Interest Expense

: $-1,319 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The AES's interest expense for the three months ended in Dec. 2023 was $ -353 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1,319 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. The AES's Operating Income for the three months ended in Dec. 2023 was $ 427 Mil. The AES's Interest Expense for the three months ended in Dec. 2023 was $ -353 Mil. The AES's Interest Coverage for the quarter that ended in Dec. 2023 was 1.21. 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.

The AES Interest Expense Historical Data

The historical data trend for The AES'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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The AES Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-1,050.00

-1,038.00

-911.00

-1,117.00

-1,319.00

The AES Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-304.00	-330.00	-310.00	-326.00	-353.00

The AES 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 $-1,319 Mil.

The AES (NYSE:AES) 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.

The AES's Interest Expense for the three months ended in Dec. 2023 was $-353 Mil. Its Operating Income for the three months ended in Dec. 2023 was $427 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $22,746 Mil.

The AES'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	*	427	/	-353
	=	1.21

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. The AES Corp interest coverage is 1.7, which is low.

The AES (The AES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » The AES Corp (NYSE:AES) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AESC:USA AES:Germany AES:Germany A1ES34:Brazil

Address

4300 Wilson Boulevard, 11th Floor, Arlington, VA, USA, 22203

Website

https://www.aes.com

AES is a global power company. Its current generation portfolio as of year-end 2022 consists of over 32 gigawatts of generation including renewable energy (46%), gas (32%), coal (20%), and oil (2%). AES has majority ownership and operates six electric utilities distributing power to 2.6 million customers.

Executives

Tish Mendoza	officer: Sr. VP & Chief HR Officer	4300 WILSON BOULEVARD, ARLINGTON VA 22203
Ricardo Manuel Falu	officer: SVP & Chief Operating Officer	4300 WILSON BLVD, ARLINGTON VA 22203
Juan Ignacio Rubiolo	officer: VP, MCAC SBU President	4300 WILSON BLVD., ARLINGTON VA 22203
Paul L Freedman	officer: SVP and General Counsel	4300 WILSON BLVD, ARLINGTON VA 22203
Santos Bernerd Da	officer: Sr. VP and COO	4300 WILSON BOULEVARD, ARLINGTON VA 22203
Andres Gluski	officer: Executive VP & COO	4300 WILSON BOULEVARD, ARLINGTON VA 22203
Stephen Coughlin	officer: EVP and CFO	4300 WILSON BLVD., 11TH FLOOR, ARLINGTON VA 22203
Alain Monie	director	WORLDWIDE LEGAL DEPT 1600 E ST, SANTA ANA CA 92705
Julia M. Laulis	director	210 E. EARLL DRIVE, PHOENIX AZ 85012
Maura Shaughnessy	director	4300 WILSON BLVD., ARLINGTON VA 22203
Gerard M Anderson	director	ONE ENERGY PLAZA, LEGAL DEPARTMENT, DETROIT MI 48226
James H Miller	director	C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Teresa Mosley Sebastian	director	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Jeffrey W Ubben	director, other: See Remarks	1170 GORGAS AVENUE, SAN FRANCISCO CA 94129
Tarun Khanna	director	4300 WILSON BOULEVARD, ARLINGTON VA 22203