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Innergex Renewable Energy Interest Expense

: $-168.4 Mil (TTM As of Dec. 2020)
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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. 2020 was $ -41.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2020 was $-168.4 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. 2020 was $ 60.3 Mil. Innergex Renewable Energy's Interest Expense for the three months ended in Dec. 2020 was $ -41.1 Mil. Innergex Renewable Energy's Interest Coverage for the quarter that ended in Dec. 2020 was 1.47. 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.


Innergex Renewable Energy Interest Expense Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Innergex Renewable Energy Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -69.22 -110.00 -136.39 -161.00 -170.33

Innergex Renewable Energy Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -42.01 -43.22 -40.77 -43.29 -41.14

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. 2020 was -43.216332378223 (Mar. 2020 ) + -40.767414403778 (Jun. 2020 ) + -43.290249433107 (Sep. 2020 ) + -41.139823561558 (Dec. 2020 ) = $-168.4 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Innergex Renewable Energy  (OTCPK:INGXF) Interest Expense Explanation

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. The higher, the better.

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. 2020 was $-41.1 Mil. Its Operating Income for the three months ended in Dec. 2020 was $60.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2020 was $3,290.1 Mil.

Innergex Renewable Energy's Interest Coverage for the quarter that ended in Dec. 2020 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2020 )/Interest Expense (Q: Dec. 2020 )
=-1*60.309938324616/-41.139823561558
=1.47

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Innergex Renewable Energy Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.


Innergex Renewable Energy Interest Expense Headlines

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