Fortum Oyj (FRA:FOT) Interest Expense : €-236 Mil (TTM As of Mar. 2024)

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What is Fortum Oyj Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fortum Oyj's interest expense for the three months ended in Mar. 2024 was € -64 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-236 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. Fortum Oyj's Operating Income for the three months ended in Mar. 2024 was € 521 Mil. Fortum Oyj's Interest Expense for the three months ended in Mar. 2024 was € -64 Mil. Fortum Oyj's Interest Coverage for the quarter that ended in Mar. 2024 was 8.14. 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.

Fortum Oyj Interest Expense Historical Data

The historical data trend for Fortum Oyj'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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Fortum Oyj Interest Expense Chart

Fortum Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-170.00

-215.00

-190.00

-271.00

-268.00

Fortum Oyj 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															-99.00	-89.00	-63.00	-20.00	-64.00

Fortum Oyj 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 €-236 Mil.

Fortum Oyj (FRA:FOT) 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.

Fortum Oyj's Interest Expense for the three months ended in Mar. 2024 was €-64 Mil. Its Operating Income for the three months ended in Mar. 2024 was €521 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €4,039 Mil.

Fortum Oyj'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	*	521	/	-64
	=	8.14

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

Fortum Oyj (FRA:FOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Fortum Oyj (FRA:FOT) » Definitions » Interest Expense

Traded in Other Exchanges

FOJCY:USA FOJCF:USA FORTUM:Mexico 1FORT:Italy FORTMh:UK 0HAH:UK FORTUM:Finland FOT0:Germany

Address

Keilalahdentie 2-4, CD Building, P.O. Box 100, Espoo, FIN, FI-00048

Website

https://www.fortum.com

Fortum Oyj is a Finnish energy company that operates power plants, which use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, City Solutions, Consumer Solutions, Russia, and Other.

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