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Corporacion Acciona Energias Renovables (FRA:5BP) Interest Expense : €-159 Mil (TTM As of Jun. 2024)


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What is Corporacion Acciona Energias Renovables Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Corporacion Acciona Energias Renovables's interest expense for the six months ended in Jun. 2024 was € -103 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-159 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. Corporacion Acciona Energias Renovables's Operating Income for the six months ended in Jun. 2024 was € 166 Mil. Corporacion Acciona Energias Renovables's Interest Expense for the six months ended in Jun. 2024 was € -103 Mil. Corporacion Acciona Energias Renovables's Interest Coverage for the quarter that ended in Jun. 2024 was 1.61. 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.

Corporacion Acciona Energias Renovables Interest Expense Historical Data

The historical data trend for Corporacion Acciona Energias Renovables'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.

* Premium members only.

Corporacion Acciona Energias Renovables Interest Expense Chart

Corporacion Acciona Energias Renovables Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -257.40 -89.22 -77.00 -90.00 -129.00

Corporacion Acciona Energias Renovables Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -64.00 -26.00 -73.00 -56.00 -103.00

Corporacion Acciona Energias Renovables 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-159 Mil.

* 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.

Corporacion Acciona Energias Renovables  (FRA:5BP) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Corporacion Acciona Energias Renovables's Interest Expense for the six months ended in Jun. 2024 was €-103 Mil. Its Operating Income for the six months ended in Jun. 2024 was €166 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €5,053 Mil.

Corporacion Acciona Energias Renovables's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*166/-103
=1.61

* 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.

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

Corporacion Acciona Energias Renovables Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Corporacion Acciona Energias Renovables SA (FRA:5BP) » Definitions » Interest Expense
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Traded in Other Exchanges
ANEe:UK ANE:Spain
Address
Avenida de Europa, 18, Parque Empresarial La Moraleja, Alcobendas, Madrid, ESP, 28108
Website
https://www.acciona-energia.com
A renewables developer, Acciona Energia was spun off from Spanish industrial conglomerate Acciona in July 2021. The floating share is 17.3%. At the end of 2023, the group had 12.1 gigawatts of consolidated capacity. 70% of Acciona Energia's capacity is onshore wind, nearly 7% is hydro dams in Spain and 18% is solar photovoltaic. Geographically, 44% of the capacity are located in Spain. The three biggest markets outside Spain are Mexico, the US, and Australia.

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