Amber Grid AB (FRA:AMH) Interest Expense : €-2.24 Mil (TTM As of Sep. 2024)

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What is Amber Grid AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Amber Grid AB's interest expense for the three months ended in Sep. 2024 was € -0.64 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-2.24 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. Amber Grid AB's Operating Income for the three months ended in Sep. 2024 was € 3.13 Mil. Amber Grid AB's Interest Expense for the three months ended in Sep. 2024 was € -0.64 Mil. Amber Grid AB's Interest Coverage for the quarter that ended in Sep. 2024 was 4.91. 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.

Amber Grid AB Interest Expense Historical Data

The historical data trend for Amber Grid AB'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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Amber Grid AB Interest Expense Chart

Amber Grid AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.35

-0.29

-0.35

-0.60

-1.78

Amber Grid AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.48	-0.48	-0.57	-0.56	-0.64

Amber Grid AB 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-2.24 Mil.

Amber Grid AB (FRA:AMH) 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.

Amber Grid AB's Interest Expense for the three months ended in Sep. 2024 was €-0.64 Mil. Its Operating Income for the three months ended in Sep. 2024 was €3.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €59.91 Mil.

Amber Grid AB's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	3.134	/	-0.638
	=	4.91

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Amber Grid AB interest coverage is 4.81, which is low.

Amber Grid AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Amber Grid AB (FRA:AMH) » Definitions » Interest Expense

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AMG1L:Lithuania

Address

Laisves avenue 10, Vilnius, LTU, LT-04215

Website

https://www.ambergrid.lt

Amber Grid AB is a part of the oil and gas sector. It is a natural gas transmission system operator in Lithuania. It is responsible for maintaining the natural gas transmission system for users of the natural gas infrastructure, operation, maintenance, and development. The company's transmission system mainly consists of gas pipelines, gas compressor stations, metering stations and distribution pipelines corrosion protection devices, data transmission, and communication systems. The company reports in two segments that are natural gas transmission operations and natural gas exchange operator activities, out of which the majority of revenue comes from natural gas transmission operations.