CIA Catarinense de Aguas eneamento - CASAN (BSP:CASN3) Interest Expense : R$-223 Mil (TTM As of Dec. 2023)

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What is CIA Catarinense de Aguas eneamento - CASAN Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CIA Catarinense de Aguas eneamento - CASAN's interest expense for the three months ended in Dec. 2023 was R$ -71 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R$-223 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. CIA Catarinense de Aguas eneamento - CASAN's Operating Income for the three months ended in Dec. 2023 was R$ 74 Mil. CIA Catarinense de Aguas eneamento - CASAN's Interest Expense for the three months ended in Dec. 2023 was R$ -71 Mil. CIA Catarinense de Aguas eneamento - CASAN's Interest Coverage for the quarter that ended in Dec. 2023 was 1.04. 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.

CIA Catarinense de Aguas eneamento - CASAN Interest Expense Historical Data

The historical data trend for CIA Catarinense de Aguas eneamento - CASAN'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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CIA Catarinense de Aguas eneamento - CASAN Interest Expense Chart

CIA Catarinense de Aguas eneamento - CASAN Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-109.80

-71.46

-91.96

-154.09

-222.06

CIA Catarinense de Aguas eneamento - CASAN 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															-44.03	-51.04	-41.84	-59.28	-71.11

CIA Catarinense de Aguas eneamento - CASAN 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 R$-223 Mil.

CIA Catarinense de Aguas eneamento - CASAN (BSP:CASN3) 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.

CIA Catarinense de Aguas eneamento - CASAN's Interest Expense for the three months ended in Dec. 2023 was R$-71 Mil. Its Operating Income for the three months ended in Dec. 2023 was R$74 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was R$1,826 Mil.

CIA Catarinense de Aguas eneamento - CASAN'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	*	74.078	/	-71.109
	=	1.04

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

CIA Catarinense de Aguas eneamento - CASAN (BSP:CASN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CIA Catarinense de Aguas e Saneamento - CASAN (BSP:CASN3) » Definitions » Interest Expense

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Address

Rua Emílio Blum No. 83, Centro, Florianopolis, SC, BRA, 88020010

Website

http://www.casan.com.br

CIA Catarinense de Aguas e Saneamento - CASAN operates in municipalities through program contracts and also agreements. It coordinates, plans, executes, operates and explores the public utilities of sewage and drinking water supply. It also carries out basic sanitation works in the municipalities in the state of Santa Catarina.

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