AB Ignitis Grupe (FRA:IGV0) Interest Expense : €-42 Mil (TTM As of Mar. 2024)

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What is AB Ignitis Grupe Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AB Ignitis Grupe's interest expense for the three months ended in Mar. 2024 was € -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-42 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. AB Ignitis Grupe's Operating Income for the three months ended in Mar. 2024 was € 147 Mil. AB Ignitis Grupe's Interest Expense for the three months ended in Mar. 2024 was € -12 Mil. AB Ignitis Grupe's Interest Coverage for the quarter that ended in Mar. 2024 was 11.82. 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.

AB Ignitis Grupe Interest Expense Historical Data

The historical data trend for AB Ignitis Grupe'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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AB Ignitis Grupe Interest Expense Chart

AB Ignitis Grupe Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-15.29

-20.23

-23.60

-29.60

-34.60

AB Ignitis Grupe Quarterly Data
	Dec18	Jun19	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															-7.50	-7.80	-12.50	-9.70	-12.40

AB Ignitis Grupe 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 €-42 Mil.

AB Ignitis Grupe (FRA:IGV0) 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.

AB Ignitis Grupe's Interest Expense for the three months ended in Mar. 2024 was €-12 Mil. Its Operating Income for the three months ended in Mar. 2024 was €147 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1,564 Mil.

AB Ignitis Grupe'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	*	146.6	/	-12.4
	=	11.82

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

AB Ignitis Grupe (FRA:IGV0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » AB Ignitis Grupe (FRA:IGV0) » Definitions » Interest Expense

Traded in Other Exchanges

IGN1L:Lithuania IGN:UK

Address

Laisves Avenue 10, Vilnius, LTU, LT-04215

Website

https://www.ignitisgrupe.lt

AB Ignitis Grupe is a utility and renewable energy company in the Baltic region. The group's core business is focused on operating electricity and gas distribution networks. It operates in four segments: Customers & Solutions, which is into electricity and gas supply, trading and balancing, energy efficiency projects, construction of solar power plants for businesses and residents, installation and operation of electric vehicle charging stations, and energy solutions; Networks segment, which is engaged in the operation, maintenance, management and development of electricity and gas distribution networks; Green Generation segment; and Flexible Generation segment. The vast majority of the revenue comes from the Customers & Solutions and Network segments.

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