Aggreko (LSE:AGK) Interest Expense : £-38 Mil (TTM As of Dec. 2020)

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What is Aggreko Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aggreko's interest expense for the six months ended in Dec. 2020 was £ -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2020 was £-38 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. Aggreko's Operating Income for the six months ended in Dec. 2020 was £ 44 Mil. Aggreko's Interest Expense for the six months ended in Dec. 2020 was £ -20 Mil. Aggreko's Interest Coverage for the quarter that ended in Dec. 2020 was 2.20. 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.

Aggreko Interest Expense Historical Data

The historical data trend for Aggreko'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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Aggreko Interest Expense Chart

Aggreko Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-29.00

-36.00

-41.00

-46.00

-38.00

Aggreko Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Interest Expense	Get a 7-Day Free Trial															-24.00	-21.00	-25.00	-18.00	-20.00

Aggreko 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. 2020 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-38 Mil.

Aggreko (LSE:AGK) 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.

Aggreko's Interest Expense for the six months ended in Dec. 2020 was £-20 Mil. Its Operating Income for the six months ended in Dec. 2020 was £44 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2020 was £387 Mil.

Aggreko's Interest Coverage for the quarter that ended in Dec. 2020 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2020 )	/	Interest Expense (Q: Dec. 2020 )
	=	-1	*	44	/	-20
	=	2.20

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

Aggreko (LSE:AGK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aggreko PLC (LSE:AGK) » Definitions » Interest Expense

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Address

120 Bothwell Street, 8th Floor, Glasgow, GBR, G2 7JS

Website

https://www.plc.aggreko.com

Aggreko PLC is a provider of cooling and heating rental equipment. The company operates two business units: rental solutions and power solutions. Rental solutions offer power, heating, and cooling equipment to customers in developed markets on a rental basis. Power solutions, the slightly larger business unit by revenue, operates in emerging markets and serves industrial and utility customers with large and complex solutions to their power requirements. Aggreko serves customers in utilities, oil and gas, mining, events, petrochemical and refining, manufacturing, and other sectors worldwide. The company generates the lion's share of its revenue in North America, followed by Africa, Asia, and the Middle East.

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