Snam SpA (MIL:SRG) Interest Expense : €-276 Mil (TTM As of Dec. 2023)

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What is Snam SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Snam SpA's interest expense for the three months ended in Dec. 2023 was € -66 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-276 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. Snam SpA's Operating Income for the three months ended in Dec. 2023 was € 110 Mil. Snam SpA's Interest Expense for the three months ended in Dec. 2023 was € -66 Mil. Snam SpA's Interest Coverage for the quarter that ended in Dec. 2023 was 1.67. 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.

Snam SpA Interest Expense Historical Data

The historical data trend for Snam 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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Snam SpA Interest Expense Chart

Snam SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-201.00

-165.00

-119.00

-152.00

-221.00

Snam 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															-42.00	-64.00	-68.00	-66.00	-78.00

Snam 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-276 Mil.

Snam SpA (MIL:SRG) 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.

Snam SpA's Interest Expense for the three months ended in Dec. 2023 was €-66 Mil. Its Operating Income for the three months ended in Dec. 2023 was €110 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €15,270 Mil.

Snam SpA's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	110	/	-66
	=	1.67

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Snam SpA interest coverage is 4.89, which is low.

Snam SpA (MIL:SRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Snam SpA (MIL:SRG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SNMRY:USA SRGm:UK 0NQP:UK SNM:Germany SRG:Austria

Address

Piazza Santa Barbara, 7, San Donato Milanese, Milan, ITA, 20097

Website

https://www.snam.it

Snam operates a network of about 38,000 kilometers of natural gas pipelines in Italy and abroad. It also holds 17.1% of European gas storage capacity and 6.5 billion cubic meters of LNG regasification capacity. Snam is investing in hydrogen, biofuels, carbon capture and storage, and energy efficiencies to prepare for the energy transition. Snam became independent from Eni in 2012 after the latter sold its stake to Cassa Depositi e Prestiti, a financial institution controlled by the Ministry of Economy and Finance.