ACEA SpA (ACEA SpA) Interest Expense : $-170 Mil (TTM As of Mar. 2024)

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What is ACEA SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ACEA SpA's interest expense for the three months ended in Mar. 2024 was $ -48 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-170 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. ACEA SpA's Operating Income for the three months ended in Mar. 2024 was $ 201 Mil. ACEA SpA's Interest Expense for the three months ended in Mar. 2024 was $ -48 Mil. ACEA SpA's Interest Coverage for the quarter that ended in Mar. 2024 was 4.20. 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.

ACEA SpA Interest Expense Historical Data

The historical data trend for ACEA 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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ACEA SpA Interest Expense Chart

ACEA SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-102.74

-102.60

-94.09

-95.53

-168.52

ACEA SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-44.29	-47.88	-48.99	-25.15	-48.00

ACEA 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-170 Mil.

ACEA SpA (OTCPK:ACEJF) 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.

ACEA SpA's Interest Expense for the three months ended in Mar. 2024 was $-48 Mil. Its Operating Income for the three months ended in Mar. 2024 was $201 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0 Mil.

ACEA SpA's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	201.427	/	-48.002
	=	4.20

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. ACEA SpA interest coverage is 4.2, which is low.

ACEA SpA (ACEA SpA) Business Description

Industry

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

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Traded in Other Exchanges

ACE:Italy 0MHD:UK DCA:Germany

Address

Piazzale Ostiense, 2, Roma, ITA, 00154

Website

https://www.gruppo.acea.it

ACEA SpA is an Italian-based electricity and water utility company. It operates chiefly in Rome and other cities in Lazio, a central Italian region. With the help of its various subsidiaries and numerous ventures, Acea produces and sells energy, utilities, and environmental products and services. The company derives a majority of its revenue from its water segment (drinking water and sewage system), with additional revenue coming from its energy (electricity and natural gas), networks (distribution services), and environmental (research and development and consultancy services) segments.