Ignitis Group AB (FRA:IGV) Interest Expense : €-50 Mil (TTM As of Sep. 2024)

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What is Ignitis Group AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ignitis Group AB's interest expense for the three months ended in Sep. 2024 was € -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-50 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. Ignitis Group AB's Operating Income for the three months ended in Sep. 2024 was € 57 Mil. Ignitis Group AB's Interest Expense for the three months ended in Sep. 2024 was € -14 Mil. Ignitis Group AB's Interest Coverage for the quarter that ended in Sep. 2024 was 4.02. 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.

Ignitis Group AB Interest Expense Historical Data

The historical data trend for Ignitis Group 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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Ignitis Group AB Interest Expense Chart

Ignitis Group AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-15.29

-20.23

-23.60

-29.60

-34.60

Ignitis Group 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															-12.50	-9.70	-12.40	-13.20	-14.20

Ignitis Group 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 €-50 Mil.

Ignitis Group AB (FRA:IGV) 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.

Ignitis Group AB's Interest Expense for the three months ended in Sep. 2024 was €-14 Mil. Its Operating Income for the three months ended in Sep. 2024 was €57 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €1,600 Mil.

Ignitis Group 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	*	57.1	/	-14.2
	=	4.02

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

Ignitis Group AB Business Description

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IGN1L:Lithuania IGN:UK IGV0:Germany

Address

Laisves Avenue 10, Vilnius, LTU, LT-04215

Website

https://www.ignitisgrupe.lt

Ignitis Group AB is engaged in green electricity generation and development of green and flexible technologies, energy distribution and supply, development of energy-smart solutions and other related activities. It is focusing on green generation and green flexibility technologies: onshore and offshore wind, batteries, pumped-storage hydro and power-to-X (P2X).