TGC No 2 PJSC (MIC:TGKBP) Interest Expense : ₽-2,203 Mil (TTM As of Jun. 2023)

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What is TGC No 2 PJSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TGC No 2 PJSC's interest expense for the six months ended in Jun. 2023 was ₽ -1,099 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was ₽-2,203 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. TGC No 2 PJSC's Operating Income for the six months ended in Jun. 2023 was ₽ 3,515 Mil. TGC No 2 PJSC's Interest Expense for the six months ended in Jun. 2023 was ₽ -1,099 Mil. TGC No 2 PJSC's Interest Coverage for the quarter that ended in Jun. 2023 was 3.20. 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.

TGC No 2 PJSC Interest Expense Historical Data

The historical data trend for TGC No 2 PJSC'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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TGC No 2 PJSC Interest Expense Chart

TGC No 2 PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-2,568.16

-2,660.44

-2,417.44

-2,110.93

-2,295.34

TGC No 2 PJSC Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-1,102.56	-1,008.37	-1,191.56	-1,103.78	-1,099.19

TGC No 2 PJSC 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₽-2,203 Mil.

TGC No 2 PJSC (MIC:TGKBP) 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.

TGC No 2 PJSC's Interest Expense for the six months ended in Jun. 2023 was ₽-1,099 Mil. Its Operating Income for the six months ended in Jun. 2023 was ₽3,515 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was ₽4,532 Mil.

TGC No 2 PJSC's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	3515.3	/	-1099.192
	=	3.20

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. TGC No 2 PJSCs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

TGC No 2 PJSC (MIC:TGKBP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » TGC No 2 PJSC (MIC:TGKBP) » Definitions » Interest Expense

Traded in Other Exchanges

TGKB:Russia

Address

Prospekt Oktyabrya, 42, Yaroslavl, RUS, 150040

Website

http://www.tgc-2.ru

TGC No 2 PJSC is heat and power generating company in the Northern and Northwest parts of Russia. The company's activities involve heat and power production as well as the sale of heat (steam and hot water) to consumers. Its enterprises are in Arkhangelsk, Vologda, Kostroma, Novgorod and Yaroslavl regions of Russia, and in Skopje (Macedonia).

TGC No 2 PJSC (MIC:TGKBP) Headlines

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