Innergex Renewable Energy (Innergex Renewable Energy) Interest Expense : $-237.6 Mil (TTM As of Dec. 2023)

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What is Innergex Renewable Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Innergex Renewable Energy's interest expense for the three months ended in Dec. 2023 was $ -56.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-237.6 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. Innergex Renewable Energy's Operating Income for the three months ended in Dec. 2023 was $ 61.3 Mil. Innergex Renewable Energy's Interest Expense for the three months ended in Dec. 2023 was $ -56.3 Mil. Innergex Renewable Energy's Interest Coverage for the quarter that ended in Dec. 2023 was 1.09. 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.

Innergex Renewable Energy Interest Expense Historical Data

The historical data trend for Innergex Renewable 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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Innergex Renewable Energy Interest Expense Chart

Innergex Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-161.00

-170.33

-183.19

-211.80

-240.09

Innergex Renewable Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-52.03	-56.67	-65.14	-59.53	-56.31

Innergex Renewable 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 $-237.6 Mil.

Innergex Renewable Energy (OTCPK:INGXF) 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.

Innergex Renewable Energy's Interest Expense for the three months ended in Dec. 2023 was $-56.3 Mil. Its Operating Income for the three months ended in Dec. 2023 was $61.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $4,701.2 Mil.

Innergex Renewable 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	*	61.321	/	-56.31
	=	1.09

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. Innergex Renewable Energy Inc interest coverage is 1.07, which is low.

Innergex Renewable Energy (Innergex Renewable Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Innergex Renewable Energy Inc (OTCPK:INGXF) » Definitions » Interest Expense

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Address

1225 Saint-Charles Street West, 10th Floor, Longueuil, QC, CAN, J4K 0B9

Website

https://www.innergex.com

Innergex Renewable Energy Inc is an independent Canadian renewable power producer. It develops, acquires, owns, and operates hydroelectric, wind, and solar facilities in Canada, the United States, France, and Chile. Most of the energy that the company generates comes from its hydroelectric facilities. Innergex Renewable Energy primarily generates revenue through the sale of electricity from its hydroelectric sites. The company's wind farms also generate substantial amounts of energy and revenue.

Innergex Renewable Energy (Innergex Renewable Energy) Headlines

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