Abu Dhabi National Energy Co PJSC (ADX:TAQA) Interest Expense : د.إ-2,594 Mil (TTM As of Dec. 2023)

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What is Abu Dhabi National Energy Co PJSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Abu Dhabi National Energy Co PJSC's interest expense for the three months ended in Dec. 2023 was د.إ -423 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was د.إ-2,594 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. Abu Dhabi National Energy Co PJSC's Operating Income for the three months ended in Dec. 2023 was د.إ 1,641 Mil. Abu Dhabi National Energy Co PJSC's Interest Expense for the three months ended in Dec. 2023 was د.إ -423 Mil. Abu Dhabi National Energy Co PJSC's Interest Coverage for the quarter that ended in Dec. 2023 was 3.88. 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.

Abu Dhabi National Energy Co PJSC Interest Expense Historical Data

The historical data trend for Abu Dhabi National Energy Co PJSC'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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Abu Dhabi National Energy Co PJSC Interest Expense Chart

Abu Dhabi National Energy Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

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Dec23

Interest Expense

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-1.00

-1,353.00

-2,640.00

-2,493.00

-2,594.00

Abu Dhabi National Energy Co PJSC 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															-284.00	-693.00	-744.00	-734.00	-423.00

Abu Dhabi National Energy Co PJSC 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 د.إ-2,594 Mil.

Abu Dhabi National Energy Co PJSC (ADX:TAQA) 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.

Abu Dhabi National Energy Co PJSC's Interest Expense for the three months ended in Dec. 2023 was د.إ-423 Mil. Its Operating Income for the three months ended in Dec. 2023 was د.إ1,641 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was د.إ55,330 Mil.

Abu Dhabi National Energy Co PJSC'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	*	1641	/	-423
	=	3.88

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

Abu Dhabi National Energy Co PJSC (ADX:TAQA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Abu Dhabi National Energy Co PJSC (ADX:TAQA) » Definitions » Interest Expense

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Address

Abu Dhabi Global Market Square, 25th Floor, Al Maqam Tower (Tower 3), P.O. Box 55224, Al Maryah Island, Abu Dhabi, ARE

Website

https://www.taqa.com

Abu Dhabi National Energy Co PJSC which is majority-owned by the Abu Dhabi government is a fully integrated leading global energy provider with operations in nine markets around the world. Its segment includes Power and Water Generation segment, Power and Water Transmission and Distribution segment, Oil and Gas segment which is in North America, Europe, and Atrush. These segments provide services in power generation, water desalination, oil and gas exploration, pipelines, as well as gas storage.

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