ERG SPA (MIL:ERG) Interest Expense : €-36.1 Mil (TTM As of Mar. 2024)

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What is ERG SPA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ERG SPA's interest expense for the three months ended in Mar. 2024 was € -2.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-36.1 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. ERG SPA's Operating Income for the three months ended in Mar. 2024 was € 103.0 Mil. ERG SPA's Interest Expense for the three months ended in Mar. 2024 was € -2.0 Mil. ERG SPA's Interest Coverage for the quarter that ended in Mar. 2024 was 51.50. 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.

ERG SPA Interest Expense Historical Data

The historical data trend for ERG SPA'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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ERG SPA Interest Expense Chart

ERG SPA Annual Data

Trend

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Interest Expense

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-52.54

-47.83

-37.52

-41.04

-49.10

ERG SPA 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															-3.00	-9.09	-1.00	-24.01	-2.00

ERG SPA 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 €-36.1 Mil.

ERG SPA (MIL:ERG) 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.

ERG SPA's Interest Expense for the three months ended in Mar. 2024 was €-2.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was €103.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €173.0 Mil.

ERG SPA'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	*	103	/	-2
	=	51.50

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

ERG SPA (MIL:ERG) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » ERG SPA (MIL:ERG) » Definitions » Interest Expense

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ERGm:UK 0MHC:UK

Address

Via De Marini, 1, Torre WTC, Genoa, ITA, 16149

Website

https://www.erg.eu

ERG SPA produces electricity from clean, renewable, and sustainable sources. The company produces wind power, and electricity as a hydroelectric operator to markets across Europe. Electricity is also generated from natural gas operations located in Italy. ERG's wind power production is handled by subsidiary ENG Renew that focuses on developing, building, and operating wind assets. Hydropower and natural gas operations are split off into ERG Power Generation. The company's hydro assets include plants, dams, reservoirs, and a pumping station. Natural gas production contributes the most revenue for ERG, and is churned out from a cogeneration plant that produces electricity and steam. Electricity from the plant is either fed into Italy's national grid or used to power other industrial plants.

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