Enel SpA (Enel SpA) Interest Expense : $-6,357 Mil (TTM As of Dec. 2023)

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What is Enel SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Enel SpA's interest expense for the three months ended in Dec. 2023 was $ -100 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-6,357 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. Enel SpA's Operating Income for the three months ended in Dec. 2023 was $ 5,465 Mil. Enel SpA's Interest Expense for the three months ended in Dec. 2023 was $ -100 Mil. Enel SpA's Interest Coverage for the quarter that ended in Dec. 2023 was 54.47. 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.

Enel SpA Interest Expense Historical Data

The historical data trend for Enel SpA'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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Enel SpA Interest Expense Chart

Enel SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2,887.78

-2,830.90

-2,636.16

-2,783.90

-6,506.00

Enel SpA 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															6,591.10	-2,788.01	1,388.95	-4,858.06	-100.33

Enel SpA 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 $-6,357 Mil.

Enel SpA (OTCPK:ENLAY) 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.

Enel SpA's Interest Expense for the three months ended in Dec. 2023 was $-100 Mil. Its Operating Income for the three months ended in Dec. 2023 was $5,465 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $66,614 Mil.

Enel SpA'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	*	5464.558	/	-100.327
	=	54.47

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. Enel SpA interest coverage is 2.54, which is low.

Enel SpA (Enel SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Enel SpA (OTCPK:ENLAY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ESOCF:USA ENEL:Italy ENELm:UK 0NRE:UK ENL:Germany ENL:Germany ENLA:Germany ENL:Germany ENEL:Austria

Address

Viale Regina Margherita, 137, Rome, ITA, 00198

Website

https://www.enel.com

Enel is a diversified energy company domiciled in Italy. Operations are concentrated in Italy, Spain, and Latin America. The firm's primary activities are electric generation, electric networks, and gas and electricity marketing. Around 50% of the company's EBITDA is derived from its regulated networks. Taking into account power sold through power purchase agreements in Latin America, around 70% of EBITDA is quasi-regulated. Enel is a giant in global power generation with 86 gigawatts of capacity, of which 39 GW is renewables, including a large share of hydro.

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