Enlight Renewable Energy (XTAE:ENLT) Interest Expense : ₪-242 Mil (TTM As of Mar. 2024)

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What is Enlight Renewable Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Enlight Renewable Energy's interest expense for the three months ended in Mar. 2024 was ₪ -72 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₪-242 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. Enlight Renewable Energy's Operating Income for the three months ended in Mar. 2024 was ₪ 158 Mil. Enlight Renewable Energy's Interest Expense for the three months ended in Mar. 2024 was ₪ -72 Mil. Enlight Renewable Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 2.20. 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.

Enlight Renewable Energy Interest Expense Historical Data

The historical data trend for Enlight Renewable Energy'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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Enlight Renewable Energy Interest Expense Chart

Enlight Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-95.03

-107.41

-122.66

-219.47

-230.46

Enlight Renewable Energy 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															-60.10	-62.69	-67.46	-40.21	-71.60

Enlight Renewable Energy 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 ₪-242 Mil.

Enlight Renewable Energy (XTAE:ENLT) 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.

Enlight Renewable Energy's Interest Expense for the three months ended in Mar. 2024 was ₪-72 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₪158 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₪8,572 Mil.

Enlight Renewable Energy'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	*	157.523	/	-71.596
	=	2.20

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. Enlight Renewable Energy Ltd interest coverage is 1.65, which is low.

Enlight Renewable Energy (XTAE:ENLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Enlight Renewable Energy Ltd (XTAE:ENLT) » Definitions » Interest Expense

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ENLT:USA

Address

13 Amal Street, P.O. Box 11659, Afek Industrial Park, Rosh Haayin, ISR, 4809249

Website

https://www.enlightenergy.co.il

Enlight Renewable Energy Ltd is a green energy company. It specializes in initiating, developing, financing, constructing, managing, and operating electricity production projects involved in generating electricity from renewable energy sources. It also provides installation services. The company's segments are Photovoltaic Israel, Israel wind, Eastern Europe wind, Eastern Europe Photovoltaic, Western Europe wind energy, and Management and construction. The company generates the majority of its revenue from its Photovoltaic business in Israel and Eastern Europe.