Polska Grupa Energetyczna (LTS:0MN3) Interest Expense : zł-1,306 Mil (TTM As of Mar. 2024)

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What is Polska Grupa Energetyczna Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Polska Grupa Energetyczna's interest expense for the three months ended in Mar. 2024 was zł -204 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was zł-1,306 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. Polska Grupa Energetyczna's Operating Income for the three months ended in Mar. 2024 was zł 1,180 Mil. Polska Grupa Energetyczna's Interest Expense for the three months ended in Mar. 2024 was zł -204 Mil. Polska Grupa Energetyczna's Interest Coverage for the quarter that ended in Mar. 2024 was 5.78. 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.

Polska Grupa Energetyczna Interest Expense Historical Data

The historical data trend for Polska Grupa Energetyczna'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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Polska Grupa Energetyczna Interest Expense Chart

Polska Grupa Energetyczna Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-464.00

-499.00

-561.00

-652.00

-1,211.00

Polska Grupa Energetyczna 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															-109.00	-479.00	-329.00	-294.00	-204.00

Polska Grupa Energetyczna 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 zł-1,306 Mil.

Polska Grupa Energetyczna (LTS:0MN3) 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.

Polska Grupa Energetyczna's Interest Expense for the three months ended in Mar. 2024 was zł-204 Mil. Its Operating Income for the three months ended in Mar. 2024 was zł1,180 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was zł10,361 Mil.

Polska Grupa Energetyczna'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	*	1180	/	-204
	=	5.78

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

Polska Grupa Energetyczna (LTS:0MN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Polska Grupa Energetyczna SA (LTS:0MN3) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PGE:Poland 6PG:Germany

Address

Aleja Krasnicka 27, Warsaw, POL, 20-718

Website

http://www.gkpge.pl

Polska Grupa Energetyczna SA is a Polish electric utility company of which the Polish State Treasury is the majority shareholder. The vast majority of Polska Grupa's revenue comes, collectively, from its conventional generation business, which mines coal and controls power plant operations; its distribution business, which distributes electricity throughout Poland; and its supply business, which purchases and sells electricity and heat. Polska Grupa controls a portfolio of lignite, coal, gas, biomass, hydro, and wind power plants. most of the company's power production is derived from its lignite-fired and coal-fired facilities. Almost all of Polska Grupa's revenue comes from the Polish market, and it is one of the largest energy producers in the country.

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