Corporacion Acciona Energias Renovables (XMAD:ANE) Interest Expense : €-129 Mil (TTM As of Dec. 2023)

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What is Corporacion Acciona Energias Renovables Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Corporacion Acciona Energias Renovables's interest expense for the six months ended in Dec. 2023 was € -56 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-129 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. Corporacion Acciona Energias Renovables's Operating Income for the six months ended in Dec. 2023 was € 311 Mil. Corporacion Acciona Energias Renovables's Interest Expense for the six months ended in Dec. 2023 was € -56 Mil. Corporacion Acciona Energias Renovables's Interest Coverage for the quarter that ended in Dec. 2023 was 5.55. 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.

Corporacion Acciona Energias Renovables Interest Expense Historical Data

The historical data trend for Corporacion Acciona Energias Renovables'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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Corporacion Acciona Energias Renovables Interest Expense Chart

Corporacion Acciona Energias Renovables Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-257.40

-89.22

-77.00

-90.00

-129.00

Corporacion Acciona Energias Renovables Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial					2.00	-64.00	-26.00	-73.00	-56.00

Corporacion Acciona Energias Renovables 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 semi-annually data reported by the company within the most recent 12 months, which was €-129 Mil.

Corporacion Acciona Energias Renovables (XMAD:ANE) 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.

Corporacion Acciona Energias Renovables's Interest Expense for the six months ended in Dec. 2023 was €-56 Mil. Its Operating Income for the six months ended in Dec. 2023 was €311 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €4,330 Mil.

Corporacion Acciona Energias Renovables'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	*	311	/	-56
	=	5.55

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

Corporacion Acciona Energias Renovables (XMAD:ANE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Corporacion Acciona Energias Renovables SA (XMAD:ANE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ANEe:UK 5BP:Germany

Address

Avenida de Europa, 18, Parque Empresarial La Moraleja, Alcobendas, Madrid, ESP, 28108

Website

https://www.acciona-energia.com

A renewables developer, Acciona Energia was spun off from Spanish industrial conglomerate Acciona in July 2021. The floating share is 17.3%. In June 2022, the group had 9.2 gigawatts of consolidated capacity (11.2 GW of total capacity). Eighty percent of Acciona Energia's capacity is onshore wind, nearly 10% is hydro dams in Spain and 9% is solar photovoltaic. Geographically, 50% of the capacity are located in Spain. The three biggest markets outside Spain are Mexico, the U.S., and Australia accounting for 12%, 11%, and 6% of capacity, respectively.

Corporacion Acciona Energias Renovables (XMAD:ANE) Headlines

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