ReNew Energy Global (STU:7JU) Interest Expense : €-440.5 Mil (TTM As of Dec. 2023)

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What is ReNew Energy Global Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ReNew Energy Global's interest expense for the three months ended in Dec. 2023 was € -129.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-440.5 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. ReNew Energy Global's Operating Income for the three months ended in Dec. 2023 was € 113.3 Mil. ReNew Energy Global's Interest Expense for the three months ended in Dec. 2023 was € -129.8 Mil. ReNew Energy Global's Interest Coverage for the quarter that ended in Dec. 2023 was 0.87. 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.

ReNew Energy Global Interest Expense Historical Data

The historical data trend for ReNew Energy Global'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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ReNew Energy Global Interest Expense Chart

ReNew Energy Global Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

-334.53

-405.92

-412.19

-434.34

-514.26

ReNew Energy Global Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial											-132.76	-40.18	-124.34	-146.11	-129.83

ReNew Energy Global 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-440.5 Mil.

ReNew Energy Global (STU:7JU) 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.

ReNew Energy Global's Interest Expense for the three months ended in Dec. 2023 was €-129.8 Mil. Its Operating Income for the three months ended in Dec. 2023 was €113.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €6,128.4 Mil.

ReNew Energy Global's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	113.295	/	-129.828
	=	0.87

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. ReNew Energy Global PLC interest coverage is 1.24, which is low.

ReNew Energy Global (STU:7JU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » ReNew Energy Global PLC (STU:7JU) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

RNW:USA 7JU:Germany

Address

C/o Vistra (UK) Ltd., 4th Floor 11-12 St. James’ Square, London, GBR, SW1Y 4LB

Website

https://www.renewpower.in

ReNew Energy Global PLC is a Developer and operator of clean energy projects intended to meet India's growing energy needs in an efficient, sustainable and socially responsible manner. The Company provides end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon markets that increasingly are integral to addressing climate change.

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