Siemens Gamesa Renewable Energy (Siemens Gamesa Renewable Energy) Interest Expense : $-79 Mil (TTM As of Dec. 2022)

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What is Siemens Gamesa Renewable Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Siemens Gamesa Renewable Energy's interest expense for the three months ended in Dec. 2022 was $ -24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2022 was $-79 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. Siemens Gamesa Renewable Energy's Operating Income for the three months ended in Dec. 2022 was $ -931 Mil. Siemens Gamesa Renewable Energy's Interest Expense for the three months ended in Dec. 2022 was $ -24 Mil. Siemens Gamesa Renewable Energy 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.

Siemens Gamesa Renewable Energy Interest Expense Historical Data

The historical data trend for Siemens Gamesa Renewable Energy'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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Siemens Gamesa Renewable Energy Interest Expense Chart

Siemens Gamesa Renewable Energy Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Sep18

Sep19

Sep20

Sep21

Sep22

Interest Expense

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-50.63

-88.73

-79.62

-59.83

-62.21

Siemens Gamesa Renewable Energy Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Interest Expense	Get a 7-Day Free Trial															-11.30	-16.43	-13.74	-24.58	-24.36

Siemens Gamesa Renewable Energy 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-79 Mil.

Siemens Gamesa Renewable Energy (OTCPK:GCTAY) 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.

Siemens Gamesa Renewable Energy's Interest Expense for the three months ended in Dec. 2022 was $-24 Mil. Its Operating Income for the three months ended in Dec. 2022 was $-931 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2022 was $1,907 Mil.

Siemens Gamesa Renewable Energy's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Siemens Gamesa Renewable Energy did not have earnings to cover the interest expense.

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

Siemens Gamesa Renewable Energy (Siemens Gamesa Renewable Energy) Business Description

Industry

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Address

Parque Tecnologico de Bizkaia, Building 222, Vizcaya, Zamudio, ESP, 48170

Website

https://www.siemensgamesa.com

Siemens Gamesa is a leading manufacturer of onshore and offshore wind turbines. The company is the product of the merger between Siemens Wind Power and Gamesa in 2017. The firm operates in two business segments: wind turbines and services. Siemens Gamesa retained its position as the leading installer of offshore turbines in 2020. Siemens Energy (a recent spinoff from Siemens AG) has announced the takeover and delisting of Siemens Gamesa.