Manila Water Co (Manila Water Co) Interest Expense : $-60.8 Mil (TTM As of Mar. 2024)

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What is Manila Water Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Manila Water Co's interest expense for the three months ended in Mar. 2024 was $ -16.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-60.8 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. Manila Water Co's Operating Income for the three months ended in Mar. 2024 was $ 83.8 Mil. Manila Water Co's Interest Expense for the three months ended in Mar. 2024 was $ -16.3 Mil. Manila Water Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5.15. 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.

Manila Water Co Interest Expense Historical Data

The historical data trend for Manila Water Co'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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Manila Water Co Interest Expense Chart

Manila Water Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-33.07

-34.15

-35.49

-39.72

-58.67

Manila Water Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-15.19	-16.18	-15.55	-12.84	-16.27

Manila Water Co 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 $-60.8 Mil.

Manila Water Co (OTCPK:MWTCY) 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.

Manila Water Co's Interest Expense for the three months ended in Mar. 2024 was $-16.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was $83.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,491.0 Mil.

Manila Water Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	83.799	/	-16.267
	=	5.15

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. Manila Water Co Inc interest coverage is 4.74, which is low.

Manila Water Co (Manila Water Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Manila Water Co Inc (OTCPK:MWTCY) » Definitions » Interest Expense

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Traded in Other Exchanges

MWTCF:USA MWC:Philippines

Address

489 Katipunan Road, 2nd Floor, MWSS Administration Building, Balara, Quezon, PHL, 1105

Website

https://www.manilawater.com

Manila Water Co Inc is a water and wastewater management company. Its operations can be divided among Metro Manila East Zone and Manila Water Philippine Ventures, which operate across municipalities in the Philippines, and Manila Water Asia Pacific, which operates in Vietnam, Myanmar, and Indonesia. The segments of the company consist of Manila Concession and Head Office, Domestic Subsidiaries, and Foreign Subsidiaries. The Manila Concession and Head Office generate maximum revenue for the company.

Manila Water Co (Manila Water Co) Headlines

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