Neoenergia (BSP:NEOE3) Interest Expense : R$-4,024 Mil (TTM As of Mar. 2024)

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What is Neoenergia Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Neoenergia's interest expense for the three months ended in Mar. 2024 was R$ -1,139 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-4,024 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. Neoenergia's Operating Income for the three months ended in Mar. 2024 was R$ 2,810 Mil. Neoenergia's Interest Expense for the three months ended in Mar. 2024 was R$ -1,139 Mil. Neoenergia's Interest Coverage for the quarter that ended in Mar. 2024 was 2.47. 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.

Neoenergia Interest Expense Historical Data

The historical data trend for Neoenergia'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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Neoenergia Interest Expense Chart

Neoenergia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,260.00

-1,240.00

-2,336.00

-3,644.00

-4,024.00

Neoenergia 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															-1,163.00	-1,066.00	-909.00	-910.00	-1,139.00

Neoenergia 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 R$-4,024 Mil.

Neoenergia (BSP:NEOE3) 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.

Neoenergia's Interest Expense for the three months ended in Mar. 2024 was R$-1,139 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$2,810 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$38,362 Mil.

Neoenergia'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	*	2810	/	-1139
	=	2.47

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

Neoenergia (BSP:NEOE3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Neoenergia SA (BSP:NEOE3) » Definitions » Interest Expense

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NRGIY:USA XNEO:Spain

Address

Praia do Flamengo 78, 4th floor, Flamengo, RJ, BRA

Website

http://www.neoenergia.com

Neoenergia SA engages in generation, transmission, distribution, and trading of electric energy in Brazil.The company operates electricity generation plants comprising, hydroelectric, thermoelectric, wind, and cogeneration plants. The company also provides consulting and energy management services.

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