ENGIE Brasil Energia (BSP:EGIE3) Interest Expense : R$-1,539 Mil (TTM As of Dec. 2023)

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What is ENGIE Brasil Energia Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ENGIE Brasil Energia's interest expense for the three months ended in Dec. 2023 was R$ -299 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R$-1,539 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. ENGIE Brasil Energia's Operating Income for the three months ended in Dec. 2023 was R$ 1,308 Mil. ENGIE Brasil Energia's Interest Expense for the three months ended in Dec. 2023 was R$ -299 Mil. ENGIE Brasil Energia's Interest Coverage for the quarter that ended in Dec. 2023 was 4.37. 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.

ENGIE Brasil Energia Interest Expense Historical Data

The historical data trend for ENGIE Brasil Energia'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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ENGIE Brasil Energia Interest Expense Chart

ENGIE Brasil Energia Annual Data

Trend

Dec14

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Dec20

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Dec23

Interest Expense

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-1,254.32

-2,120.57

-2,122.51

-1,936.90

-1,555.21

ENGIE Brasil Energia 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															-347.73	-524.71	-464.35	-250.42	-299.10

ENGIE Brasil Energia 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$-1,539 Mil.

ENGIE Brasil Energia (BSP:EGIE3) 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.

ENGIE Brasil Energia's Interest Expense for the three months ended in Dec. 2023 was R$-299 Mil. Its Operating Income for the three months ended in Dec. 2023 was R$1,308 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was R$18,127 Mil.

ENGIE Brasil Energia'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	*	1307.938	/	-299.1
	=	4.37

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

ENGIE Brasil Energia (BSP:EGIE3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » ENGIE Brasil Energia SA (BSP:EGIE3) » Definitions » Interest Expense

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EGIEY:USA 7TE1:Germany

Address

Rua Pascoal Apostle Pitsica, 5064, Agronomica, Florianopolis, SC, BRA, 88025-255

Website

https://www.engie.com.br

ENGIE Brasil Energia SA develops, operates, and commercializes electric energy power plants in Brazil. The company is engaged in five segments Transmission, Trading, Gas Transportation, Centralized Generation and Distributed Solar Generation. Majority of the revenue generated by the company is from Generation segment.

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