Centrais Eletricas denta Catarina (BSP:CLSC3) Interest Expense : R$-473 Mil (TTM As of Mar. 2024)

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What is Centrais Eletricas denta Catarina Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Centrais Eletricas denta Catarina's interest expense for the three months ended in Mar. 2024 was R$ -53 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-473 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. Centrais Eletricas denta Catarina's Operating Income for the three months ended in Mar. 2024 was R$ 351 Mil. Centrais Eletricas denta Catarina's Interest Expense for the three months ended in Mar. 2024 was R$ -53 Mil. Centrais Eletricas denta Catarina's Interest Coverage for the quarter that ended in Mar. 2024 was 6.61. 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.

Centrais Eletricas denta Catarina Interest Expense Historical Data

The historical data trend for Centrais Eletricas denta Catarina'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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Centrais Eletricas denta Catarina Interest Expense Chart

Centrais Eletricas denta Catarina Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-251.26

-317.38

-356.17

-240.73

-255.20

Centrais Eletricas denta Catarina 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															-63.54	-156.52	-203.82	-59.33	-53.06

Centrais Eletricas denta Catarina 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 R$-473 Mil.

Centrais Eletricas denta Catarina (BSP:CLSC3) 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.

Centrais Eletricas denta Catarina's Interest Expense for the three months ended in Mar. 2024 was R$-53 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$351 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$2,486 Mil.

Centrais Eletricas denta Catarina'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	*	350.7	/	-53.056
	=	6.61

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

Centrais Eletricas denta Catarina (BSP:CLSC3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Centrais Eletricas de Santa Catarina SA (BSP:CLSC3) » Definitions » Interest Expense

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Traded in Other Exchanges

CLSC4:Brazil

Address

Avenida Itamarati, 160, Itacorubi neighborhood, Florianopolis, SC, BRA

Website

https://www.celesc.com.br

Centrais Eletricas de Santa Catarina SA is a Brazil-based company. It is engaged in the generation, transmission, and distribution of electric energy. The company's segments are Celesc D, and Celesc G. The company through its subsidiaries is also engaged in the operation, maintenance, expansion, and sale related to its generating complex, formed by hydroelectric power plants established in partnership with private investors.

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