National Grid (MEX:NGG) Interest Expense : MXN-42,214 Mil (TTM As of Sep. 2024)

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What is National Grid Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. National Grid's interest expense for the six months ended in Sep. 2024 was MXN -23,467 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was MXN-42,214 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. National Grid's Operating Income for the six months ended in Sep. 2024 was MXN 31,515 Mil. National Grid's Interest Expense for the six months ended in Sep. 2024 was MXN -23,467 Mil. National Grid's Interest Coverage for the quarter that ended in Sep. 2024 was 1.34. 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.

National Grid Interest Expense Historical Data

The historical data trend for National Grid'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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National Grid Interest Expense Chart

National Grid Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-28,990.78

-25,515.81

-30,351.81

-36,750.00

-36,334.62

National Grid Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Interest Expense	Get a 7-Day Free Trial															-18,429.26	-19,053.13	-17,979.41	-18,747.23	-23,466.88

National Grid 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 semi-annually data reported by the company within the most recent 12 months, which was MXN-42,214 Mil.

National Grid (MEX:NGG) 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.

National Grid's Interest Expense for the six months ended in Sep. 2024 was MXN-23,467 Mil. Its Operating Income for the six months ended in Sep. 2024 was MXN31,515 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was MXN1,106,225 Mil.

National Grid'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	*	31514.898	/	-23466.879
	=	1.34

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

National Grid Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » National Grid PLC (MEX:NGG) » Definitions » Interest Expense

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Address

1-3 Strand, London, GBR, WC2N 5EH

Website

https://www.nationalgrid.com

National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its UK gas transmission business in fiscal 2023 to fund the acquisition of PPL's UK power distribution assets. In the Northeastern United States, it serves electricity and gas customers combined in three states. It also owns regulated transmission and electricity generation in the United States, metering services, merchant transmission lines in the UK, and the Grain (UK) liquefied natural gas facility.