Drax Group (Drax Group) Interest Expense : $-140 Mil (TTM As of Dec. 2023)

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What is Drax Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Drax Group's interest expense for the six months ended in Dec. 2023 was $ -74 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-140 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. Drax Group's Operating Income for the six months ended in Dec. 2023 was $ 767 Mil. Drax Group's Interest Expense for the six months ended in Dec. 2023 was $ -74 Mil. Drax Group's Interest Coverage for the quarter that ended in Dec. 2023 was 10.32. 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.

Drax Group Interest Expense Historical Data

The historical data trend for Drax Group'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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Drax Group Interest Expense Chart

Drax Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-71.56

-78.63

-86.04

-93.18

-140.25

Drax Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-44.02	-40.76	-52.86	-65.78	-74.30

Drax Group 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 semi-annually data reported by the company within the most recent 12 months, which was $-140 Mil.

Drax Group (OTCPK:DRXGF) 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.

Drax Group's Interest Expense for the six months ended in Dec. 2023 was $-74 Mil. Its Operating Income for the six months ended in Dec. 2023 was $767 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $1,610 Mil.

Drax Group'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	*	766.835	/	-74.304
	=	10.32

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

Drax Group (Drax Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Drax Group PLC (OTCPK:DRXGF) » Definitions » Interest Expense

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Traded in Other Exchanges

DRXGY:USA DRXl:UK DRX:UK D9F2:Germany

Address

Drax Power Station, Selby, North Yorkshire, GBR, YO8 8PH

Website

http://www.drax.com

Drax Group PLC is a UK-based renewable energy company engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses. It operates a generation portfolio of sustainable biomass, hydro-electric and pumped hydro storage assets across four sites in England and Scotland. The company also operates a global bioenergy supply business with manufacturing facilities at around 13 sites in the United States and Canada, producing compressed wood pellets for its own use and for customers in Europe and Asia.