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Meridian Energy (NZSE:MEL) Interest Expense : NZ$-72 Mil (TTM As of Dec. 2024)


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What is Meridian Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Meridian Energy's interest expense for the six months ended in Dec. 2024 was NZ$ -46 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was NZ$-72 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. Meridian Energy's Operating Income for the six months ended in Dec. 2024 was NZ$ 309 Mil. Meridian Energy's Interest Expense for the six months ended in Dec. 2024 was NZ$ -46 Mil. Meridian Energy's Interest Coverage for the quarter that ended in Dec. 2024 was 6.72. 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.


Meridian Energy Interest Expense Historical Data

The historical data trend for Meridian Energy'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.

* Premium members only.

Meridian Energy Interest Expense Chart

Meridian Energy Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -79.00 -79.00 -71.00 -53.00 -67.00

Meridian Energy Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -28.00 -25.00 -41.00 -26.00 -46.00

Meridian Energy 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 Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was NZ$-72 Mil.

* 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.


Meridian Energy  (NZSE:MEL) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Meridian Energy's Interest Expense for the six months ended in Dec. 2024 was NZ$-46 Mil. Its Operating Income for the six months ended in Dec. 2024 was NZ$309 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was NZ$1,194 Mil.

Meridian Energy's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*309/-46
=6.72

* 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.

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


Meridian Energy Business Description

Traded in Other Exchanges
Address
98 Customhouse Quay, Level 2, Wellington, STL, NZL, 6011
Meridian Energy is one of New Zealand's leading utilities. It is the largest electricity producer in the nation, with a third of the market, and the fourth-largest energy retailer, with about 15% of the market by customer numbers. It generates 100% renewable electricity, mainly from large hydroelectric schemes in the South Island. It also owns a geographically diversified portfolio of wind farms.

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