GE Vernova (GE Vernova) Interest Expense : $-14 Mil (TTM As of Mar. 2024)

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What is GE Vernova Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GE Vernova's interest expense for the three months ended in Mar. 2024 was $ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-14 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. GE Vernova's Operating Income for the three months ended in Mar. 2024 was $ -289 Mil. GE Vernova's Interest Expense for the three months ended in Mar. 2024 was $ -14 Mil. GE Vernova 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.

GE Vernova Interest Expense Historical Data

The historical data trend for GE Vernova'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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GE Vernova Interest Expense Chart

GE Vernova Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-172.00

-151.00

-71.00

GE Vernova Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Interest Expense	-	-	-21.00	-	-14.00

GE Vernova 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-14 Mil.

GE Vernova (NYSE:GEV) 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.

GE Vernova's Interest Expense for the three months ended in Mar. 2024 was $-14 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-289 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0 Mil.

GE Vernova's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

GE Vernova did not have earnings to cover the interest expense.

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

GE Vernova (GE Vernova) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » GE Vernova Inc (NYSE:GEV) » Definitions » Interest Expense

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Traded in Other Exchanges

Y5C:Germany

Address

58 Charles Street, Cambridge, MA, USA

Website

https://www.gevernova.com

GE Vernova operates through its subsidiaries is a purpose-built global energy company spanning the power, wind and electrification segments, supported by advanced research, consulting and financial services accelerators. It helps customers improve energy efficiency and deliver electricity that is critical to improving health, safety and quality of life.

GE Vernova (GE Vernova) Headlines

From GuruFocus

GE Vernova to Announce First Quarter 2024 Financial Results on April 25

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