Pennon Group (Pennon Group) Interest Expense : $-180 Mil (TTM As of Sep. 2023)

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What is Pennon Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pennon Group's interest expense for the six months ended in Sep. 2023 was $ -100 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-180 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. Pennon Group's Operating Income for the six months ended in Sep. 2023 was $ 111 Mil. Pennon Group's Interest Expense for the six months ended in Sep. 2023 was $ -100 Mil. Pennon Group's Interest Coverage for the quarter that ended in Sep. 2023 was 1.11. 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.

Pennon Group Interest Expense Historical Data

The historical data trend for Pennon Group'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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Pennon Group Interest Expense Chart

Pennon Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-78.39

-79.08

-81.83

-124.11

-172.45

Pennon Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-53.16	-73.12	-86.52	-79.73	-100.12

Pennon Group 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 semi-annually data reported by the company within the most recent 12 months, which was $-180 Mil.

Pennon Group (OTCPK:PEGRY) 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.

Pennon Group's Interest Expense for the six months ended in Sep. 2023 was $-100 Mil. Its Operating Income for the six months ended in Sep. 2023 was $111 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was $4,059 Mil.

Pennon Group'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	*	111.015	/	-100.124
	=	1.11

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. Pennon Group PLCs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Pennon Group (Pennon Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Pennon Group PLC (OTCPK:PEGRY) » Definitions » Interest Expense

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Traded in Other Exchanges

PEGRF:USA PNNl:UK PNN:UK 3PN:Germany

Address

Peninsula House, Rydon Lane, Exeter, Devon, GBR, EX2 7HR

Website

https://www.pennon-group.co.uk

Pennon Group PLC is a British water and environmental utility infrastructure company that operates mainly in the United Kingdom. It has smaller operations in the European Union, China, and other countries. The company operates through Water, Non-household retail and other segments. The water business comprises the regulated water and wastewater services undertaken by South West Water. The non-household retail business comprises the services provided by Pennon Water Services in the non-household water and wastewater retail market. Majority of revenue is derived from the water division.

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