KenGen Co (NAI:KEGN) Interest Expense : KES-3,051 Mil (TTM As of Dec. 2023)

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What is KenGen Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. KenGen Co's interest expense for the six months ended in Dec. 2023 was KES -1,491 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was KES-3,051 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. KenGen Co's Operating Income for the six months ended in Dec. 2023 was KES 4,263 Mil. KenGen Co's Interest Expense for the six months ended in Dec. 2023 was KES -1,491 Mil. KenGen Co's Interest Coverage for the quarter that ended in Dec. 2023 was 2.86. 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.

KenGen Co Interest Expense Historical Data

The historical data trend for KenGen Co'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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KenGen Co Interest Expense Chart

KenGen Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-2,547.29

-2,278.71

-2,351.99

-1,960.42

-2,732.11

KenGen Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-897.00	-1,063.42	-1,172.00	-1,560.11	-1,491.00

KenGen Co 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 semi-annually data reported by the company within the most recent 12 months, which was KES-3,051 Mil.

KenGen Co (NAI:KEGN) 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.

KenGen Co's Interest Expense for the six months ended in Dec. 2023 was KES-1,491 Mil. Its Operating Income for the six months ended in Dec. 2023 was KES4,263 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was KES0 Mil.

KenGen Co'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	*	4263	/	-1491
	=	2.86

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. KenGen Co PLC interest coverage is 2.68, which is low.

KenGen Co (NAI:KEGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » KenGen Co PLC (NAI:KEGN) » Definitions » Interest Expense

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Address

Kolobot Road, Kengen Pension Plaza 2, P.O.Box47936, Nairobi, KEN, 00100

Website

https://www.kengen.co.ke

KenGen Co PLC is a power producer in Kenya and East Africa. It is principally engaged in the business segment of generating electricity through the development, management, and operation of power plants. The company operates power plants for producing hydroelectric energy, geothermal energy, thermal energy, and wind energy.

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