ITGGF (Italgas SpA) Interest Expense : $-113 Mil (TTM As of Jun. 2024)

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What is Italgas SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Italgas SpA's interest expense for the six months ended in Jun. 2024 was $ -68 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-113 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. Italgas SpA's Operating Income for the six months ended in Jun. 2024 was $ 427 Mil. Italgas SpA's Interest Expense for the six months ended in Jun. 2024 was $ -68 Mil. Italgas SpA's Interest Coverage for the quarter that ended in Jun. 2024 was 6.29. 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.

Italgas SpA Interest Expense Historical Data

The historical data trend for Italgas SpA'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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Italgas SpA Interest Expense Chart

Italgas SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-69.19

-56.04

-60.71

-55.07

-97.85

Italgas SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial											-25.44	-29.58	-52.36	-45.14	-67.92

Italgas SpA 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-113 Mil.

Italgas SpA (OTCPK:ITGGF) 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.

Italgas SpA's Interest Expense for the six months ended in Jun. 2024 was $-68 Mil. Its Operating Income for the six months ended in Jun. 2024 was $427 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was $6,200 Mil.

Italgas SpA's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	427.121	/	-67.915
	=	6.29

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

Italgas SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Italgas SpA (OTCPK:ITGGF) » Definitions » Interest Expense

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Traded in Other Exchanges

IG:Italy IGm:UK 0RK1:UK I10:Germany

Address

Via Carlo Bo 11, Milano, ITA, 20143

Website

https://www.italgas.it

Italgas SpA is an Italy-based company engaged in the business of natural gas distribution. The distribution service consists of transporting gas through local pipeline networks, from points of delivery at the reduction and measurement stations interconnected with the transport networks up to the final delivery points to customers. In addition, the company is also engaged in metering activities, which consist of determining, gathering, making available, and archiving metering data on natural gas withdrawn over the distribution networks. It derives a majority of its revenue from natural gas distribution activity. The other activities of the company are the distribution and sale of water and providing technical, engineering, IT assistance, and other services.