SP New Energy (PHS:SPNEC) Interest Expense : ₱-217.0 Mil (TTM As of Mar. 2024)

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What is SP New Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SP New Energy's interest expense for the three months ended in Mar. 2024 was ₱ -68.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₱-217.0 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. SP New Energy's Operating Income for the three months ended in Mar. 2024 was ₱ 126.2 Mil. SP New Energy's Interest Expense for the three months ended in Mar. 2024 was ₱ -68.2 Mil. SP New Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 1.85. 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.

SP New Energy Interest Expense Historical Data

The historical data trend for SP New 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.

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SP New Energy Interest Expense Chart

SP New Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Jun22

Dec23

Interest Expense

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-4.05

-9.14

-167.23

SP New Energy Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-4.53	-2.26	-75.99	-72.83	-68.18

SP New 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱-217.0 Mil.

SP New Energy (PHS:SPNEC) 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.

SP New Energy's Interest Expense for the three months ended in Mar. 2024 was ₱-68.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₱126.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₱3,047.5 Mil.

SP New Energy'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	*	126.211	/	-68.175
	=	1.85

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

SP New Energy (PHS:SPNEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SP New Energy Corp (PHS:SPNEC) » Definitions » Interest Expense

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Address

112 Legaspi Street, Legaspi Village, Brgy. San Lorenzo, Makati, PHL, 1229

Website

https://www.spnec.ph

SP New Energy Corp is a renewable energy power generation company. The primary purpose is to construct, erect, assemble, commission, operate, and maintain power-generating plants, warehouses, terminals, and related facilities for the conversion of renewable energy into a usable form fit for electricity generation and distribution.

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