Enefit Green AS (OTSE:EGR1T) Interest Expense : €-4.7 Mil (TTM As of Mar. 2024)

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What is Enefit Green AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Enefit Green AS's interest expense for the three months ended in Mar. 2024 was € -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-4.7 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. Enefit Green AS's Operating Income for the three months ended in Mar. 2024 was € 33.1 Mil. Enefit Green AS's Interest Expense for the three months ended in Mar. 2024 was € -0.3 Mil. Enefit Green AS's Interest Coverage for the quarter that ended in Mar. 2024 was 108.12. 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.

Enefit Green AS Interest Expense Historical Data

The historical data trend for Enefit Green AS'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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Enefit Green AS Interest Expense Chart

Enefit Green AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-6.96

-3.50

-2.82

-1.70

-4.80

Enefit Green AS Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial													-0.38	-0.40	-1.12	-2.90	-0.31

Enefit Green AS 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 €-4.7 Mil.

Enefit Green AS (OTSE:EGR1T) 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.

Enefit Green AS's Interest Expense for the three months ended in Mar. 2024 was €-0.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was €33.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €437.9 Mil.

Enefit Green AS'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	*	33.085	/	-0.306
	=	108.12

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

Enefit Green AS (OTSE:EGR1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Enefit Green AS (OTSE:EGR1T) » Definitions » Interest Expense

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Traded in Other Exchanges

I6B:Germany

Address

Lelle tn 22, Tallinn, EST, 11318

Website

https://www.enefitgreen.ee

Enefit Green AS is a renewable energy producer in the Baltic Sea region. The company produces electricity from wind, as well as municipal waste, biomass, solar and hydroelectric sources in Estonia, Latvia, Lithuania, and Poland. The segments of the company are Wind energy segment which comprises all of the company's wind farms and generates key revenue for the firm; Cogeneration segment comprises all of the company's cogeneration plants and the pellet factory and Solar energy segment comprises all of the company's solar farms.

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