Manila Electric Co (PHS:MER) Interest Expense : ₱-4,482 Mil (TTM As of Mar. 2024)

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What is Manila Electric Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Manila Electric Co's interest expense for the three months ended in Mar. 2024 was ₱ -1,325 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₱-4,482 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 Electric Co's Operating Income for the three months ended in Mar. 2024 was ₱ 11,104 Mil. Manila Electric Co's Interest Expense for the three months ended in Mar. 2024 was ₱ -1,325 Mil. Manila Electric Co's Interest Coverage for the quarter that ended in Mar. 2024 was 8.38. 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 Electric Co Interest Expense Historical Data

The historical data trend for Manila Electric 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 Electric Co Interest Expense Chart

Manila Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,536.00

-1,502.00

-3,524.00

-3,968.00

-4,354.00

Manila Electric 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															-1,197.00	-1,207.00	-1,292.00	-658.00	-1,325.00

Manila Electric 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 ₱-4,482 Mil.

Manila Electric Co (PHS:MER) 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 Electric Co's Interest Expense for the three months ended in Mar. 2024 was ₱-1,325 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₱11,104 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₱62,807 Mil.

Manila Electric 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	*	11104	/	-1325
	=	8.38

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

Manila Electric Co (PHS:MER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Manila Electric Co (PHS:MER) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MAEOY:USA

Address

Ortigas Avenue, Barangay Ugong, Lopez Building, Pasig, PHL, 1605

Website

https://www.meralco.com.ph

Manila Electric Co, or Meralco, is an electric utility company serving the Philippines. Meralco generates, transmits, and distributes electricity through its portfolio of thermal power plants. The vast majority of the energy produced by the company comes from its natural gas and goal facilities. Meralco generates almost all of its revenue through the sale of electricity. While nearly all of the company's customers are residential entities, total energy sales are split fairly evenly between commercial, industrial, and residential customers. Meralco is the largest electric distribution company in the Philippines and serves dozens of cities and municipalities, including Metropolitan Manila.

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