Empresa Electrica de Magallanes (XSGO:EDELMAG) Interest Expense : CLP-2,781 Mil (TTM As of Dec. 2023)

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What is Empresa Electrica de Magallanes Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Empresa Electrica de Magallanes's interest expense for the three months ended in Dec. 2023 was CLP -707 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was CLP-2,781 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. Empresa Electrica de Magallanes's Operating Income for the three months ended in Dec. 2023 was CLP 3,441 Mil. Empresa Electrica de Magallanes's Interest Expense for the three months ended in Dec. 2023 was CLP -707 Mil. Empresa Electrica de Magallanes's Interest Coverage for the quarter that ended in Dec. 2023 was 4.86. 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.

Empresa Electrica de Magallanes Interest Expense Historical Data

The historical data trend for Empresa Electrica de Magallanes'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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Empresa Electrica de Magallanes Interest Expense Chart

Empresa Electrica de Magallanes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-327.66

-278.21

-162.68

-1,279.84

-2,781.16

Empresa Electrica de Magallanes 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															-535.42	-651.73	-687.53	-734.48	-707.42

Empresa Electrica de Magallanes 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 CLP-2,781 Mil.

Empresa Electrica de Magallanes (XSGO:EDELMAG) 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.

Empresa Electrica de Magallanes's Interest Expense for the three months ended in Dec. 2023 was CLP-707 Mil. Its Operating Income for the three months ended in Dec. 2023 was CLP3,441 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was CLP256 Mil.

Empresa Electrica de Magallanes'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	*	3441.199	/	-707.421
	=	4.86

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

Empresa Electrica de Magallanes (XSGO:EDELMAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Empresa Electrica de Magallanes SA (XSGO:EDELMAG) » Definitions » Interest Expense

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Address

Croacia Numero 444, Punta Arenas, CHL, 621-2667

Website

http://www.edelmag.cl

Empresa Electrica de Magallanes SA is a Chile based firm. It is engaged in the generation, transmission, distribution and supply of electricity. The Company operates in the XII Region, with the provision of its services to the Magellan land and Chilean Antarctic, serving the communities of Punta Arenas.

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