EDP Renovaveis (FRA:EDW) Interest Expense : €-537 Mil (TTM As of Dec. 2023)

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What is EDP Renovaveis Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. EDP Renovaveis's interest expense for the three months ended in Dec. 2023 was € -386 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-537 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. EDP Renovaveis's Operating Income for the three months ended in Dec. 2023 was € -148 Mil. EDP Renovaveis's Interest Expense for the three months ended in Dec. 2023 was € -386 Mil. EDP Renovaveis 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.

EDP Renovaveis Interest Expense Historical Data

The historical data trend for EDP Renovaveis'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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EDP Renovaveis Interest Expense Chart

EDP Renovaveis Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-388.28

-313.50

-285.46

-445.84

-537.16

EDP Renovaveis 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															-315.84	-54.00	-235.87	138.87	-386.16

EDP Renovaveis 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 €-537 Mil.

EDP Renovaveis (FRA:EDW) 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.

EDP Renovaveis's Interest Expense for the three months ended in Dec. 2023 was €-386 Mil. Its Operating Income for the three months ended in Dec. 2023 was €-148 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €7,045 Mil.

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

EDP Renovaveis did not have earnings to cover the interest expense.

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

EDP Renovaveis (FRA:EDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » EDP Renovaveis SA (FRA:EDW) » Definitions » Interest Expense

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Traded in Other Exchanges

EDRVF:USA EDPR:Portugal EDPRu:UK 0ML1:UK

Address

Calle Serrano Galvache, 56, Centro Empresarial Parque Norte, 7th Floor, Edificio Olmo, Madrid, ESP, 28033

Website

http://www.edpr.com

EDP Renovaveis, a 71%-owned subsidiary of integrated Portuguese utility EDP, was created in 2007. It builds, develops, and operates renewables plants, mostly wind and solar. With 14.7 GW of net installed capacity at the end of 2022, EDP Renovaveis is the fourth-largest renewables player in the world and the third-largest in the U.S. and Europe. The group's plants are mainly located in the U.S., Spain, Portugal, Poland, and Brazil.

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