Covanta Holding (Covanta Holding) Interest Expense : $-127 Mil (TTM As of Sep. 2021)

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What is Covanta Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Covanta Holding's interest expense for the three months ended in Sep. 2021 was $ -31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2021 was $-127 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. Covanta Holding's Operating Income for the three months ended in Sep. 2021 was $ 74 Mil. Covanta Holding's Interest Expense for the three months ended in Sep. 2021 was $ -31 Mil. Covanta Holding's Interest Coverage for the quarter that ended in Sep. 2021 was 2.39. 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.

Covanta Holding Interest Expense Historical Data

The historical data trend for Covanta Holding'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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Covanta Holding Interest Expense Chart

Covanta Holding Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-138.00

-147.00

-145.00

-143.00

-133.00

Covanta Holding Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Interest Expense	Get a 7-Day Free Trial															-32.00	-33.00	-31.00	-32.00	-31.00

Covanta Holding 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-127 Mil.

Covanta Holding (NYSE:CVA) 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.

Covanta Holding's Interest Expense for the three months ended in Sep. 2021 was $-31 Mil. Its Operating Income for the three months ended in Sep. 2021 was $74 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2021 was $2,447 Mil.

Covanta Holding's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2021 )	/	Interest Expense (Q: Sep. 2021 )
	=	-1	*	74	/	-31
	=	2.39

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

Covanta Holding (Covanta Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Covanta Holding Corp (NYSE:CVA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

445 South Street, Morristown, NJ, USA, 07960

Website

http://www.covanta.com

Covanta Holding Corp is a holding company engaged in the businesses of waste and energy services. It is engaged in the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses. The firm generates its income in the form of waste and service revenue, energy revenue, recycled metals revenue, and other operating income. Geographically, the company operates in the United States.

Executives

Paul E. Stauder	officer: President, Covanta Envir. Sol.	445 SOUTH STREET MORRISTOWN NJ 07960
Thomas L Kenyon	officer: Exec. VP, Gen'l Counsel & Sec.	445 SOUTH STREET MORRISTOWN NJ 07960
Ronald J Broglio	director	1417 HIGH ROAD VANDIVER AL 35176
Schantz Joseph J Ii	officer: Chief Accounting Officer	445 SOUTH STREET MORRISTOWN NJ 07960
Robert S Silberman	director	C/O STRAYER EDUCATION INC, 2303 DULLES STATION BOULEVARD, HERNDON VA 20171
Linda J. Fisher	director	WILMINGTION OFFICE BUILDINGS 1007 MARKET STREET, D-6074 WILMINGTON DE 19898
De Castro Michael Joseph	officer: EVP Supply Chain	445 SOUTH STREET MORRISTOWN NJ 07960
Timothy Simpson	officer: Exec. VP, Gen'l Counsel & Sec.	40 LANE ROAD FAIRFIELD NJ 07004
Matthew Mulcahy	officer: SVP & Head of Corp Development	445 SOUTH STREET MORRISTOWN NJ 07960
Owen Michaelson	director	3 BRADFIELD WAY WAVERLEY ROTHERHAM X0 S60 5WE
Virginia D. Angilello	officer: SVP & CHRO	445 SOUTH STREET COVANTA MORRISTOWN NJ 07960
Stephen J Jones	officer: President and CEO	7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195-1501
Danielle Pletka	director	1789 MASSACHUSETTS AVENUE, NW WASHINGTON, DC DC 20036
Michael W Ranger	director	C/O TXU CORP, 1601 BRYAN ST, DALLAS TX 75201
Manpreet Grewal	officer: VP & Chief Accounting Officer	600 GRANT STREET, PITTSBURGH PA 15219