Redeiaoracion (FRA:RE21) Interest Expense : €-144 Mil (TTM As of Sep. 2023)

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What is Redeiaoracion Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Redeiaoracion's interest expense for the three months ended in Sep. 2023 was € -36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was €-144 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. Redeiaoracion's Operating Income for the three months ended in Sep. 2023 was € 248 Mil. Redeiaoracion's Interest Expense for the three months ended in Sep. 2023 was € -36 Mil. Redeiaoracion's Interest Coverage for the quarter that ended in Sep. 2023 was 6.89. 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.

Redeiaoracion Interest Expense Historical Data

The historical data trend for Redeiaoracion'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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Redeiaoracion Interest Expense Chart

Redeiaoracion Annual Data

Trend

Dec13

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Dec22

Interest Expense

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-144.06

-145.93

-133.61

-115.45

-118.77

Redeiaoracion Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-28.69	-37.37	-34.60	-35.79	-36.01

Redeiaoracion 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-144 Mil.

Redeiaoracion (FRA:RE21) 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.

Redeiaoracion's Interest Expense for the three months ended in Sep. 2023 was €-36 Mil. Its Operating Income for the three months ended in Sep. 2023 was €248 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was €0 Mil.

Redeiaoracion's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	248.061	/	-36.012
	=	6.89

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

Redeiaoracion (FRA:RE21) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Redeia Corporacion SA (FRA:RE21) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

RDEIY:USA RDEIF:USA 1REE:Italy REDe:UK 0RI5:UK RED:Spain RE21:Germany

Address

Paseo del Conde de los Gaitanes, 177, Alcobendas, Madrid, ESP, 28109

Website

https://www.ree.es

Redeia owns and operates the Spanish electric transmission system. The company has acquired almost all of the nation's power grid, which other owners were forced to sell to it by government decree. Its activities are regulated by the National Energy Commission, which answers to the Spanish legislature. Redeia also operates a small fibre-optics network in Spain and has a growing Latin American infrastructure business. The group significantly increased its exposure to telecommunications by acquiring Spanish communications satellite operator Hispasat from Abertis in 2019.

Redeiaoracion (FRA:RE21) Headlines

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