TAC (TransAlta) Interest Expense : $-182 Mil (TTM As of Dec. 2024)

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What is TransAlta Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TransAlta's interest expense for the three months ended in Dec. 2024 was $ -48 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-182 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. TransAlta's Operating Income for the three months ended in Dec. 2024 was $ 8 Mil. TransAlta's Interest Expense for the three months ended in Dec. 2024 was $ -48 Mil. TransAlta's Interest Coverage for the quarter that ended in Dec. 2024 was 0.18. 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.

TransAlta Interest Expense Historical Data

The historical data trend for TransAlta'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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TransAlta Interest Expense Chart

TransAlta Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-149.90

-166.41

-156.05

-158.02

-175.48

TransAlta Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-38.01	-37.68	-48.16	-47.99	-47.73

TransAlta 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 quarterly data reported by the company within the most recent 12 months, which was $-182 Mil.

TransAlta (NYSE:TAC) 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.

TransAlta's Interest Expense for the three months ended in Dec. 2024 was $-48 Mil. Its Operating Income for the three months ended in Dec. 2024 was $8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $2,271 Mil.

TransAlta'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	*	8.423	/	-47.729
	=	0.18

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

TransAlta Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » TransAlta Corp (NYSE:TAC) » Definitions » Interest Expense

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Address

1100 1st Street SE, TransAlta Place, Suite 1400, Calgary, AB, CAN, T2G 1B1

Website

https://www.transalta.com

TransAlta Corp is an independent power producer based in Alberta, Canada. The company operates a diverse and growing fleet of electrical power generation assets in Canada, the United States, and Australia. The company has six reportable segments namely, Hydro, Wind & Solar, Energy Marketing, Gas, Energy Transition segment and Corporate Segment. The company generates the majority of its revenue from the gas segment.