Alternergy Holdings (PHS:ALTER) Interest Expense : ₱-66.0 Mil (TTM As of Mar. 2024)

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What is Alternergy Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alternergy Holdings's interest expense for the three months ended in Mar. 2024 was ₱ -28.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₱-66.0 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. Alternergy Holdings's Operating Income for the three months ended in Mar. 2024 was ₱ 33.3 Mil. Alternergy Holdings's Interest Expense for the three months ended in Mar. 2024 was ₱ -28.7 Mil. Alternergy Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 1.16. 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.

Alternergy Holdings Interest Expense Historical Data

The historical data trend for Alternergy Holdings'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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Alternergy Holdings Interest Expense Chart

Alternergy Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Jun22

Jun23

Interest Expense

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-76.11

-75.70

-17.87

-88.02

Alternergy Holdings Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Mar23	Jun23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial							-16.77	-23.05	-22.52	-14.75	-28.69

Alternergy Holdings 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 ₱-66.0 Mil.

Alternergy Holdings (PHS:ALTER) 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.

Alternergy Holdings's Interest Expense for the three months ended in Mar. 2024 was ₱-28.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₱33.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₱1,734.1 Mil.

Alternergy Holdings'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	*	33.308	/	-28.692
	=	1.16

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

Alternergy Holdings (PHS:ALTER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Alternergy Holdings Corp (PHS:ALTER) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Paseo de Roxas corner Legazpi Street, Level 3B, 111 Paseo de Roxas Building, Legazpi Village, Makati, PHL, 1229

Website

https://www.alternergy.com

Alternergy Holdings Corp is a renewable energy holding company. The company's segments include Wind Energy; Hydro Energy; Solar Energy and Retail Energy Supplier (RES). It generates maximum revenue from the Solar Energy segment. The Solar Energy segment includes Generation and supply of solar power to various customers under power supply contracts.

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