Renu Energy (ASX:RNE) Interest Expense : A$-0.07 Mil (TTM As of Dec. 2023)

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What is Renu Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Renu Energy's interest expense for the six months ended in Dec. 2023 was A$ -0.07 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.07 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. Renu Energy's Operating Income for the six months ended in Dec. 2023 was A$ -2.69 Mil. Renu Energy's Interest Expense for the six months ended in Dec. 2023 was A$ -0.07 Mil. Renu Energy did not have earnings to cover the interest expense. 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.

Renu Energy Interest Expense Historical Data

The historical data trend for Renu Energy'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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Renu Energy Interest Expense Chart

Renu Energy Annual Data

Trend

Jun14

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Jun23

Interest Expense

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-0.12

-0.01

Renu Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-0.07

Renu Energy 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 A$-0.07 Mil.

Renu Energy (ASX:RNE) 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.

Renu Energy's Interest Expense for the six months ended in Dec. 2023 was A$-0.07 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-2.69 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.20 Mil.

Renu Energy's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Renu Energy did not have earnings to cover the interest expense.

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

Renu Energy (ASX:RNE) Business Description

Industry

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GDYMF:USA

Address

52 McDougall Street, P.O. Box 2046, Level 2, Corporate House, Kings Row 1, Milton, QLD, AUS, 4064

Website

https://www.renuenergy.com.au

Renu Energy Ltd delivers clean energy products and services. It builds, owns, operates, and maintains renewable energy assets so its customers can access renewable energy, at a lower price, with no upfront cost. The company operates in two segments namely Hydrogen and Renewable and Clean Energy Investments. It derives majority of its revenue from Renewable and Clean Energy Investment Segment.

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