Adani Green Energy (BOM:541450) Interest Expense : ₹-34,690 Mil (TTM As of Dec. 2023)

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What is Adani Green Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Adani Green Energy's interest expense for the three months ended in Dec. 2023 was ₹ -12,420 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-34,690 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. Adani Green Energy's Operating Income for the three months ended in Dec. 2023 was ₹ 12,610 Mil. Adani Green Energy's Interest Expense for the three months ended in Dec. 2023 was ₹ -12,420 Mil. Adani Green Energy's Interest Coverage for the quarter that ended in Dec. 2023 was 1.02. 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.

Adani Green Energy Interest Expense Historical Data

The historical data trend for Adani Green 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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Adani Green Energy Interest Expense Chart

Adani Green Energy Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-8,858.85

-10,500.00

-15,320.00

-21,780.00

-26,350.00

Adani Green Energy Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-4,980.00	-6,170.00	-10,620.00	-11,650.00	-12,420.00

Adani Green 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-34,690 Mil.

Adani Green Energy (BOM:541450) 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.

Adani Green Energy's Interest Expense for the three months ended in Dec. 2023 was ₹-12,420 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹12,610 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Adani Green Energy'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	*	12610	/	-12420
	=	1.02

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. Adani Green Energy Ltd interest coverage is 1.22, which is low.

Adani Green Energy (BOM:541450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Adani Green Energy Ltd (BOM:541450) » Definitions » Interest Expense

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ADANIGREEN:India

Address

Near Vaishnav Devi Circle, S. G. Highway, Adani Corporate House, Shantigram, Khodiyar, Ahmedabad, GJ, IND, 382421

Website

https://www.adanigreenenergy.com

Adani Green Energy Ltd is engaged in Power Generation and Construction Contracts. It builds, owns, and operates power plants powered by renewable sources of energy like solar and wind. The company derives its income from Power Supply.

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