Atlantica Sustainable Infrastructure (Atlantica Sustainable Infrastructure) Interest Expense

: $-350 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Atlantica Sustainable Infrastructure's interest expense for the three months ended in Dec. 2023 was $ -89 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-350 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. Atlantica Sustainable Infrastructure's Operating Income for the three months ended in Dec. 2023 was $ 28 Mil. Atlantica Sustainable Infrastructure's Interest Expense for the three months ended in Dec. 2023 was $ -89 Mil. Atlantica Sustainable Infrastructure's Interest Coverage for the quarter that ended in Dec. 2023 was 0.31. 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.

Atlantica Sustainable Infrastructure Interest Expense Historical Data

The historical data trend for Atlantica Sustainable Infrastructure'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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Atlantica Sustainable Infrastructure Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-348.67

-316.24

-302.56

-292.04

-350.35

Atlantica Sustainable Infrastructure Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-80.56	-84.85	-78.09	-97.92	-89.48

Atlantica Sustainable Infrastructure 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 $-350 Mil.

Atlantica Sustainable Infrastructure (NAS:AY) 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.

Atlantica Sustainable Infrastructure's Interest Expense for the three months ended in Dec. 2023 was $-89 Mil. Its Operating Income for the three months ended in Dec. 2023 was $28 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $5,065 Mil.

Atlantica Sustainable Infrastructure'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	*	28.102	/	-89.479
	=	0.31

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. Atlantica Sustainable Infrastructure PLCs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Atlantica Sustainable Infrastructure (Atlantica Sustainable Infrastructure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Atlantica Sustainable Infrastructure PLC (NAS:AY) » Definitions » Interest Expense

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Traded in Other Exchanges

AY3:Germany

Address

Great West Road, 17th Floor, Great West House, GW1, Brentford, GBR, TW8 9DF

Website

https://www.atlantica.com

Atlantica Sustainable Infrastructure PLC owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets. It is focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil, and Uruguay) and EMEA (Spain, Algeria and South Africa). The company's segments include North America, South America and Europe, Middle East and Africa. The renewable energy sector includes the company's activities related to the production of electricity from solar power and wind plants. Atlantica derives most of its revenues from EMEA, followed by South America and North America.